- L&T Tech Services reported 9.7% sequential net profit growth to Rs 332 crore in Q4 FY26
- Revenue rose 2.5% QoQ to Rs 2,858 crore, below analysts' estimate of Rs 2,970 crore
- EBIT increased 5.5% to Rs 435 crore; margin expanded to 15.2% from 14.8% in prior quarter
L&T Tech Services shares are in focus after the company reported its fourth quarter earnings for the financial year ending March 2026, with brokerages offering rather mixed views on the counter.
L&T Tech Services reported a 9.7% sequential in net profit in the March quarter whereas revenue was up 2.5% to Rs 2,858 crore from Rs 2,787 crore in the preceding quarter. Analysts had estimated a topline of Rs 2,970 crore.
The tech company's earnings before interest and taxes (EBIT) was up 5.5% at Rs 435 crore, as against Rs 412 crore in the previous quarter. The EBIT margin expanded to Rs 15.2% from 14.8% in the previous quarter.
L&T Tech Q4 Highlights (Cons, QoQ)
- Net Profit Up 9.7% At Rs 332 Crore Vs Rs 303 Crore
- Revenue Up 2.5% At Rs 2,858 Crore Vs Rs 2,787 Crore
- EBIT Up 5.5% At Rs 435 Crore Vs Rs 412 Crore
- EBIT Margin At 15.2% Vs 14.8%
- To Pay Final Dividend Of Rs 40 Per Share
- Appoints Rajeev Gupta As Executive Director, CFO For 3 Years
The company said it will pay the final dividend of Rs 40 per share 30 days after the approval of shareholders at its upcoming annual general meeting on June 1. The record date for determining the eligibility of shareholders has been fixed as May 22.
In light of L&T Tech's fourth quarter earnings, brokerages have offered mixed views on the counter.
Brokerages On L&T Tech
ICICI Sec on L&T Tech
Maintain Hold; Cut TP to Rs 3380 from Rs 3550
- Robust post-clean-up outlook; automotive segment sees stability
- Portfolio rationalisation dims performance
- Cut FY27–28E EPS by 5-6% to factor in weaker estimated growth in the hi-tech vertical
- FY27 revenue growth will likely be in mid-single-digits amid the strategic pivot, leadership changes and macro uncertainty
JPMorgan on L&T Tech
Maintain Neutral; Hike TP to Rs 3600 from Rs 3500
- Starting on a clean slate
- Expects Sustainability to continue its growth momentum while Auto should see growth returning
- Exit from low-margin businesses should accelerate margin expansion
- Wait to see positive proof points of the new strategy
Nomura on L&T Tech
Maintain Neutral; Hike TP to Rs 3510 from Rs 3300
- Starting on a clean slate in FY27; Restructuring of business is complete
- Deal wins strong and pipeline is robust
- Project Lakshya - aspires to deliver a revenue CAGR of 13-15%, with EBIT margins around the mid-16% level
- This aspiration may include some tuck-in acquisitions, which could dilute margins
ALSO READ: L&T Tech Q4 Results: Profit Rises 10%; Dividend Of Rs 40 Dividend — Check Record Date, Other Details
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