Larsen & Toubro shares gained 3.5 per cent on Wednesday after the company reported a 14 per cent year-on-year increase in consolidated net profit to ₹4,123 crore in Q1FY27, supported by stable performance in its energy and realty businesses.At 9.43 am, the stock traded at ₹3,959.10 on the BSE, hitting a high of ₹3,967.55 from the previous close of ₹3,832.75
L&T shares movement on the BSE
The company maintained its FY27 guidance across all key metrics, targeting 10-12 per cent YoY order inflow growth, 10-12 per cent revenue growth, 7.8 per cent core E&C EBITDA margin excluding realty, and around 10 per cent working capital-to-sales. L&T acknowledged near-term execution challenges from the Middle East conflict but expects tendering and project awards to pick up from Q2FY27.CLSA assigns outperform ratingCLSA has an outperform rating on L&T with a target price of ₹4,842 apiece. The brokerage said the company’s first quarter earnings beat three of four guidance items — new orders, recurring E&C margins and working capital — while execution missed.Goldman Sachs has a buy rating and a target price of ₹4,370 per share on L&T. It said L&T’s plant and machinery (P&M) core order inflow was 17 per cent in the first quarter, compared to the brokerage’s estimate of it declining 6 per cent. Its first quarter core EBITDA margins came in at 6.9 per cent compared to estimates of 7.1 per cent, a 20 basis point decline from the previous year, driven by lower execution in core segments, it said.Domestic brokerage Motilal Oswal revised target price to ₹4,550 from ₹4,500 earlier. The brokerage expects core E&C order inflow, revenue, EBITDA and PAT to clock a CAGR of 10 per cent, 17 per cent, 19 per cent and 19 per cent, respectively, over FY26-29. It cited a slowdown in order inflows, delays in the completion of mega and ultra-mega projects, a sharp rise in commodity prices, an increase in working capital and increased competition as downside risks to its estimates.Elara Capital retained its accumulate rating with the target price unchanged at ₹4,251. It expects near-term execution to improve as supply-chain bottlenecks subside and order conversion accelerates. The brokerage said L&T is well placed to capitalise on structural opportunities in energy transition, grid infrastructure, hydrocarbons, data centres and private capex, supported by a record backlog, strong bid pipeline and disciplined capital allocation.In a separate stock exchange filing, L&T said its energy hydrocarbon onshore business has secured a major EPC order worth ₹5,000 crore to ₹10,000 crore from Kuwait Oil Company for Jurassic Light Oil (JLO) export facilities and upgrades to the existing export network.Published on July 29, 2026
