L&T Technology Services jumps nearly 15% after its second-quarter report
Shares of the Indian IT services firm climbed in early trading on the BSE after quarterly revenue, margin and interim dividend figures came in above expectations.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
Shares of L&T Technology Services rose by as much as 15% during Wednesday morning trading on the BSE. The stock opened at 3,848 rupees, against 3,609.80 rupees at the previous close, and reached an intraday high of 4,140.50 rupees. The rally followed the company's results for the September quarter of fiscal 2026/27 (Q2FY27), which it released after market close on Monday.
According to Moody's, revenue came to 3,040.4 crore rupees, up 3.4% from the previous quarter and 12.1% from a year earlier. In dollar terms, revenue reached $317 million in constant currency, rising 2.7% sequentially and 4.8% year on year. Net income climbed 53.7% quarter on quarter and 66.8% year on year to 548.2 crore rupees, but that figure includes a one-off gain of 165 crore rupees from the sale of the SWC unit. EBIT margin widened by 60 basis points to 16.3%. The company also declared an interim dividend of 20 rupees per share, with a record date of October 27, 2026.
why it matters
JM Financial and Emkay both kept an 'add' rating on the stock and lifted their target prices. For markets, the quarter suggests IT services results beat forecasts, but the one-time gain inflates net income, so part of the profit jump does not reflect core operations.
market impact
Indian IT services: a strong quarter lifts sentiment toward the stock and related export-focused tech names
tags
instruments
sources
- L&T Tech Services shares surge 15% after Q2 results - Should investors buy, sell, or hold the stock? Experts suggestion — Moody's, 21 October 2026 at 08:07 UTC
- L&T Tech Services shares surge 15% after Q2 2026 results - Should investors buy, sell, or hold stock? Experts suggestion — Moody's, 21 October 2026 at 08:06 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗