# L&T Tech shares rally 6% as Q1 profit rises; brokerages revise targets Strong Q1 performance and broker reports drive investor confidence. - **Source:** [Economic Times](https://brifing.si/source/37791137-c35a-4ffe-b6a9-fe103afc9e48) - **Published:** 2026-07-15 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/d3062e3d-b3d9-418d-b5d1-9c5eb70c82dd ## L&T Tech delivers strong Q1 performance L&T Technology Services reported a 13% YoY increase in consolidated net profit to ₹356.6 crore in Q1 FY27. Revenue also grew by 11.5% to ₹2,940.1 crore. These results led to a 6% surge in the company's shares. ## Nomura and Nuvama update target prices Nomura raised its target price for L&T Tech to ₹3,180, citing higher-than-expected EBIT margins. Nuvama acknowledged the company's Q1 performance but lowered its target price to ₹3,500. Both brokerages highlighted the firm's long-term potential. ## Sustainability and mobility drive growth L&T Tech's sustainability and mobility verticals contributed significantly to revenue growth, with sustainability growing 4.3% QoQ and mobility rising 2.3%. However, the tech vertical saw a 3.1% decline. ## AI investments provide competitive edge L&T Tech stated that its early investments in AI have given it a 6-9 month lead over competitors in Engineering Intelligence (EI). The company aims to increase its market share in this domain. ## Motilal Oswal: Recovery in early stages Motilal Oswal noted that while L&T Tech's management is optimistic about growth, recovery is still in its early stages. Demand in the US has improved, but the European automotive sector remains weak. ## Long-term performance under scrutiny L&T Tech shares gained 5% over the past week but have delivered negative returns in the long term. The company's market capitalization reached ₹34,900 crore. Investors are closely watching its performance in upcoming quarters. ## Sources covering this story - https://economictimes.indiatimes.com/markets/stocks/news/lt-tech-shares-in-focus-as-q1-net-profit-rises-13-nomura-nuvama-other-brokerages-revise-target-prices/articleshow/132405544.cms — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._