L&T shares rise 6% after 32.5% profit jump in second quarter
Larsen & Toubro reported a 32.5% rise in consolidated net profit for the September quarter, and its shares climbed over 6% on October 28, per TradingView.
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what happened
Shares of Indian engineering group Larsen & Toubro (L&T) rose more than 6% on October 28 after the company published its quarterly results. According to TradingView, consolidated net profit for the quarter ended September 2026 came to Rs 5,202.10 crore, up 32.5% from a year earlier. Revenue grew 16% to Rs 78,750 crore, and the consolidated order book stood at Rs 853,514 crore as of September 30.
Brokerages mostly responded positively. CLSA kept its Outperform rating, Macquarie also retained Outperform, while Nomura stayed at Neutral. Nomura noted that EBITDA came in 7% below its estimate, with margins still under pressure from cost increases. The company kept its guidance for fiscal 2027.
why it matters
For investors, the main positives were the profit growth and record order intake, which give better visibility on future revenue. Margins remain the weak spot: Macquarie said they fell 130 basis points to 8.7%, which holds back earnings growth. The market will watch how well the company controls costs and executes its large contracts.
market impact
L&T shares: strong profit and record orders support the stock, while weaker margins are the drag
- L&T shares pressure up — 32.5% profit growth and a record order book support the stock
tags
instruments
sources
- L&T shares rise 6% after 32.5% profit in Q2; brokerages bullish, see up to 28% upside — TradingView, 28 October 2026 at 05:05 UTC
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