L&T Shares Jump 4% Post-Q3 Results; Brokerages Bullish on Long-Term Prospects

• Larsen & Toubro (L&T) shares surged 4% after its Q3 FY26 results, extending gains for the third consecutive session.
• The company reported a consolidated net profit of Rs 3,215 crore for Q3 FY26, a 4% YoY fall, but included a one-time exceptional cost of Rs 1,191 crore.
• Revenue from operations increased 10.5% YoY to Rs 71,449.70 crore, while the consolidated order book grew 30% YoY to Rs 7,33,161 crore.
• Motilal Oswal, JM Financial, Nomura, and Jefferies maintained 'Buy' ratings, raising target prices due to strong order inflows and long-term potential.
• Brokerages highlight robust order inflows, especially international, providing healthy revenue visibility despite some execution misses.

Why It Matters: L&T shares gained on strong long-term outlook and order book growth despite mixed Q3 earnings.