LTTS shares climb 4% after June-quarter profit rises 12.9% and Anthropic partnership is announced
L&T Technology Services reported double-digit YoY growth in Q1 FY27 net profit and revenue, alongside a partnership with Anthropic to embed Claude into its AI engineering platforms, supporting the stock's 4% rise. While brokerages cite steady execution and early productivity benefits, several trimmed target prices due to forex losses and cautious demand visibility, tempering broader sector spillover.
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L&T Technology Services reported higher results for the quarter ended June 2026, with consolidated net profit rising 12.9% year on year to ₹357.1 crore and revenue from operations up 11.47% to ₹2,940.1 crore. The company also announced a partnership with Anthropic to integrate Claude models across engineering processes and its AI-powered platforms. The updates helped lift LTTS shares 4% in a single session. Several brokerages kept or raised their ratings, while some cut target prices to account for forex losses.