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L&T Tech Shares Gets Motilal Oswal's Netural Rating Post Q1 Results; Cuts Target Price — Here's Why

L&T Tech's near-term growth visibility remains modest and margin expansion, while directionally intact, appears back-ended and execution dependent, adds the brokerage

<div class="paragraphs"><p>L&amp;T Tech remains a diversified ER&amp;D play, further strengthened by Intelliswift’s platform engineering capabilities.</p><p> (Photo:&nbsp;L&amp;T Tech website)</p></div>
L&T Tech remains a diversified ER&D play, further strengthened by Intelliswift’s platform engineering capabilities.

(Photo: L&T Tech website)

L&T Tech reported a soft Q1 FY26, missing revenue estimates due to macro headwinds, SWC seasonality, and continued weakness in auto. That said, deal ramp-ups and a robust order book offer some visibility into a better 2H. L&T Tech maintained its double-digit growth guidance for FY26.
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