Motilal Oswal keeps Neutral on L&T Technology with Rs 3,850 target
Motilal Oswal kept its Neutral rating on L&T Technology and set a Rs 3,850 target after second-quarter FY27 results beat its estimates.
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what happened
According to a research report from Motilal Oswal, published on moneycontrol.com, L&T Technology (LTTS) revenue rose 2.7% quarter on quarter in constant currency in 2QFY27, ahead of the brokerage's 2.2% estimate. Sustainability grew 4.9% and Mobility 2.3%, while Tech fell 0.9%. The EBIT margin came in at 16.3%, up 60 basis points from the previous quarter and above the 15.6% forecast.
Adjusted net profit climbed 7.9% quarter on quarter and 19.7% year on year to INR 3.8 billion, compared with the analyst estimate of INR 3.7 billion. For the first half of FY27, revenue, EBIT and adjusted profit grew 11.8%, 29% and 18.6% year on year in rupee terms. Motilal Oswal expects revenue to rise 13.2%, EBIT 21.2% and profit 19.8% in the second half.
why it matters
The brokerage kept its Neutral rating and set a target of INR 3,850, implying about 7% upside from the reference price. The note matters mainly for L&T Technology investors and sector watchers, as the quarter's margin came in above forecasts.
tags
instruments
sources
- Neutral LT Technology; target of Rs 3850: Motilal Oswal — moneycontrol.com, 21 October 2026 at 07:40 UTC
- Neutral Hindustan Zinc; target of Rs 600: Motilal Oswal — moneycontrol.com, 21 October 2026 at 07:50 UTC
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