LTTS Shares Jump 9% on Strong Q1 Earnings Beat

July 15, 2026July 15, 2026

Shares of L&T Technology Services jumped as much as 9.04% intraday on Wednesday, touching a day high of Rs 3,600.00 on the NSE.

The engineering services firm posted a stronger than expected June quarter, driving the sharp gains in trading. The stock opened at Rs 3,350.20, well above its previous close of Rs 3,293.10.

The company’s numbers gave investors plenty to like. Net profit rose 17.4% year-on-year to Rs 352 crore, while revenue grew 11.5% to Rs 2,940 crore. That said, growth in constant currency terms was much softer at 1.9%, compared to 12.8% in the same quarter last year, showing currency movements played a part in the headline numbers.

Margins were the real highlight here. The company’s EBITDA margin expanded 200 basis points to 18.7%, with management crediting roughly 80 basis points of that gain to cost optimisation and the rest to stronger performance across its business segments.

Growth wasn’t even across the board though. The mobility business returned to growth with a modest 0.8% rise after a stretch of pressure from tariffs and weaker discretionary spending, while sustainability grew a healthy 11.3%. The technology segment continued to struggle, falling around 11% during the quarter.

Geography played a role too. North America stayed the biggest growth driver for the quarter, supported by strength in auto, trucks and off-highway segments. Europe remained a weak spot though, hurt by an uncertain business climate and growing competition from Chinese automakers in the region.

CEO and MD Amit Chadha said the company’s diversified portfolio has held up well through a tricky environment, pointing to double-digit growth in sustainability and mobility’s return to form. He added that the firm’s Engineering Intelligence solutions are helping win larger deals by weaving AI into client workflows, products and manufacturing systems.

At 14:29 pm on Wednesday, LTTS shares were trading at Rs 3,507.00 on the NSE, up 6.50% or Rs 213.90 for the day, having pulled back a bit from the day’s high. The stock is still down close to 20% for the year so far and remains about 19% below where it was trading a year ago.

Tired of missing hot stocks? Tradz by EquityPandit provides powerful tools like stock scans and more help you make informed trading decisions. Download now and take control of your portfolio!