L&T Technology Services shares rise 2.5% after Q1 FY26 profit climbs nearly 13% to Rs 356.6 crore
AI Market Summary
L&T Technology Services reported solid Q1 results with ~13% YoY profit growth, ~11.5% revenue growth, and a 200 bps EBIT margin expansion to 15.7%, supported by several large deal wins and strength in sustainability/AI. However, brokerage responses were mixed (target cuts/neutral stances) amid ongoing macro and sector headwinds (notably Europe auto) and some deal slippage into Q2, limiting broader market spillover.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT-0.09%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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L&T Technology Services reported consolidated net profit of Rs 356.6 crore for Q1 FY26, up nearly 13% year on year, while revenue from operations rose around 11.5% to Rs 2,940.1 crore. EBIT margin improved by 200 bps to 15.7% and the company said it secured several deals above $10 million, including one order worth more than $30 million. The stock gained 2.5% in the session, as brokerages revised target prices: Nomura raised its target to Rs 3,180 with a Neutral rating, Nuvama cut its target to Rs 3,500 while keeping Hold, and Motilal Oswal reiterated Neutral with a target of Rs 3,400.
