BusinessPhoto: NDTV BusinessL&T Technology Services Shares Rise 10% After Strong Q2 Results
L&T Technology Services Ltd. shares surged 10.58% to Rs 3,993.20 following its Q2 FY27 results, driven by strong revenue and margin growth. Consolidated revenue rose 3.4% QoQ to Rs 3,040 crore, EBIT increased 7.5% to Rs 495.9 crore, and net profit jumped 53.5% to Rs 548 crore, including a Rs 165 crore one-time gain from divesting its Smart World and Communication business. JPMorgan and Nomura raised their price targets on the stock.
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