L&T Technology Services540115IT services, engineering
L&T Technology Services posted strong Q2 results with margin beat and revenue momentum, though stock remains under pressure; brokerages gave mixed reviews
By ScoutQuest · · 1 min read
- Revenue QoQ growth
- 3.4 percent
- Revenue
- 3,040 crore rupees
- EBIT
- 497 crore rupees
- Margin expansion
- 64 basis points
- Margin level
- 16.33 percent
Heard on business television between 15:47:39 - 15:50:39 IST.
- Consolidated revenue rose 3.4% QoQ to 3,040 crore rupees, EBIT jumped 7.6% to 497 crore rupees.
- Margins expanded 64 basis points to 16.33%, net profit surged 53.7% to 549 crore rupees.
- Constant currency revenue growth improved to 2.7% from 1.5% previous quarter; AI-related deals contributed over half of large deal wins with total contract value exceeding $200 million.
- Stock down 7.7% over 1 year and 17% from 52-week high despite strong results.
- JP Morgan kept neutral rating, raised target to 3,700 rupees from 3,300, raised FY27-FY29 estimates 1-3%; Nomura kept neutral, raised target to 3,500 rupees from 3,290, citing growth from data centers, energy transition, robotics and plant engineering; Citi stayed bearish with sell rating and target of 3,115 rupees, flagging sustainability concerns from furloughs and wage hikes in Q3.
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Source: Live TV News Channel · 21 Oct 2026
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