Positive impactResults
L&T shares rise 4% after Q1 earnings. Why Goldman Sachs, other brokerages remain bullish?
Economic Times 59 min ago·29 Jul 2026, 3:59 am
Larsen & Toubro (L&T) shares jumped over 4% after the company reported strong financial results for the first quarter. The engineering and construction major saw its net profit grow by 14% year-on-year to ₹4,123 crore, while revenue from operations increased by 7% to ₹67,942 crore. A key highlight was the company's international business, which now accounts for 51% of its total revenue, signaling a successful push into global markets.
This performance has reinforced the confidence of major brokerages like Goldman Sachs, who continue to maintain a 'Buy' rating on the stock. For investors, the focus now shifts to how L&T manages its order book and execution capabilities in the coming quarters. Keeping an eye on global infrastructure trends and domestic project awards will be crucial to gauge the company's future growth trajectory.
Key takeaways
- Category: Results.
- AI reads the tone as positive (potentially bullish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update worth tracking. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
