India's L&T Tech falls after Q4 earnings miss; analysts see rebound in Q1

L&T Technology Services

23/04/2026 04:56

** Shares of L&T Technology LTEH.NS fall 2.3% to 3,468.60 rupees; set to snap four sessions of gains

** IT services firm missed Q4 earnings estimates due to weaker demand in its technology and mobility segments

** Tech segment rev - the biggest - fell 6.4% y/y, mobility down 3% y/y

** Analysts at Emkay say in the near term, mobility is expected to return to sequential growth from Q1 and tech is projected to resume growth from the following quarter

** Co also recorded an exceptional charge of 370 million rupees related to the closure and restructuring of some overseas ops

** Twenty- eight analysts have a "hold" rating on avg; median PT is 4,000 rupees - data compiled by LSEG

** YTD, LTEH down ~20%

 (Reporting by Urvi Dugar in Bengaluru)

 ((UrviManoj.Dugar@thomsonreuters.com;))