Explained: Why L&T share price jumped over 4% after Q1 results
While the company's EBITDA rose 13% YoY to R 6,318 crore, the margin slightly narrowed to 9.9% from 10.2% a year ago. Still, investor sentiment remained upbeat, given the company's steady project pipeline and strong international footprint.L&T's overseas business played a significant role in the quarter's performance. International revenue came in at Rs 32,994 crore, accounting for 52% of total revenues. Similarly, international orders contributed Rs 48,675 crore—again 52% of total inflows—highlighting the growing relevance of L&T's global operations, particularly in the Middle East.Overall order inflows rose sharply to Rs 94,453 crore, up 33% YoY, reflecting broad-based momentum across verticals. The company's consolidated order book stood at Rs 6.13 lakh crore as of June 30, up 6% from March, with international orders forming nearly half of the pipeline.Brokerage Motilal Oswal Financial Services (MOFS) responded positively to the results, raising its target price on the stock to Rs 4,200 from Rs 4,100 and reiterating its 'Buy' rating. The brokerage noted that the company's order book rose 25% YoY and the prospect pipeline grew 63% to Rs 15 lakh crore, underlining visibility for future growth.MOFS also flagged L&T's push into green energy and energy transition projects, as well as opportunities in the Middle East, as key growth levers. For FY26, the company has guided for 10% growth in order inflow and 15% growth in revenue.MOFS values the stock at 28x two-year forward P/E, applying a 25% holding company discount for L&T's subsidiaries.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- EndsTune InMust Watch
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