L&T shares rise 4% after Q1 earnings as brokerages stay bullish
Author: Economic Times Markets·
Key Takeaways
- •Larsen & Toubro reported a 14% year-on-year rise in Q1 FY27 net profit to ₹4,123 crore.
- •Revenue from operations increased 7% year-on-year to ₹67,942 crore.
- •International business accounted for 51% of the company's total revenue.
- •L&T shares rose after the earnings release.
- •Brokerages maintained their Buy ratings on the stock after the results.
Larsen & Toubro (L&T) shares rose after the company reported a 14% year-on-year increase in net profit for the first quarter of FY27 to ₹4,123 crore. Revenue from operations grew 7% to ₹67,942 crore, while the international business accounted for 51% of total revenue.
The results are likely to stay in focus because L&T is closely watched as a proxy for capital spending and execution trends in infrastructure, engineering and construction, making the quarter's profit and revenue growth relevant for assessing near-term business momentum.
Following the earnings release, brokerages maintained their 'Buy' ratings on the stock.
L&T shares climbed after the company reported a 14% year-on-year rise in Q1 profit.