
L&T shares fall over 3% after Q4 results as brokerages flag weak margins, softer FY27 outlook

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L&T shares fell over 3% after mixed Q4 FY26 results, with a 3% decline in net profit to Rs 5,326 crore despite an 11% revenue increase to Rs 82,762 crore. Margins narrowed to 10.4%. The stock remains up 17.8% year-on-year, outperforming the Nifty 50. Brokerages expressed mixed reactions, citing concerns over execution, margins, and the new Lakshya 2031 strategy. Order inflows reached Rs 89,772 crore, with a record order book of Rs 7.4 lakh crore, 52% from international orders.

