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The Economic Times
The Economic Times
Debaroti Adhikary

L&T shares rise 4% after Q1 earnings. Why Goldman Sachs, other brokerages remain bullish?

LT Goldman Sachs JM Financial Motilal Oswal Nuvama

Shares of Larsen & Toubro (L&T) rose nearly 4% to Rs 3,967 on the BSE in Wednesday's early trade after the engineering major reported a 14% year-on-year (YoY) rise in net profit to Rs 4,123 crore for the first quarter of FY27, with brokerages retaining their ‘Buy’ calls for the stock.

L&T’s revenue from operations meanwhile rose around 7% YoY to Rs 67,942 crore during the April-June quarter of the ongoing FY27, from Rs 63,679 crore in the corresponding quarter of FY26. International revenue stood at Rs 34,393 crore, accounting for nearly 51% of the company’s overall revenue.

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