LT

Feb 24 (Reuters) - Larsen and Toubro Ltd LART.NS:

• CO EXECUTES BUSINESS TRANSFER AGREEMENT FOR E-COMMERCE PLATFORM

• SALE VALUE ESTIMATED AT 600 MILLION RUPEES

Source text: ID:nBSEwBqg5

Further company coverage: LART.NS

(([email protected];;))

Adds details from paragraph 2 onwards

Feb 23 (Reuters) - Indian IT services company LTIMindtree LTIM.NS on Monday said it has secured a $100 million, seven-year deal with a Europe-based medical technology company that provides hearing solutions.

The IT company did not reveal the name of the European firm.

Under the agreement, LTIMindtree will develop and support the client's main hearing aid brands and private-label products, including core wearable devices, and a mobile app for users.

Earlier this month, LTIMindtree's the board approved a proposal to rename the company LTM Limited, subject to shareholder and regulatory clearances.

In January, the IT firm said total order bookings for the quarter ended December 31 hit a record $1.69 billion.

(Reporting by Nishit Navin; Editing by Mrigank Dhaniwala)

(([email protected];))

Feb 20 (Reuters) - E2E Networks Ltd EENE.NS:

• E2E NETWORKS LTD - SIGNS MEMORANDUM OF UNDERSTANDING WITH LARSEN & TOUBRO -VYOMA

• E2E NETWORKS LTD - SIGNS MOU WITH LARSEN & TOUBRO -VYOMA TO PARTNER IN SCALING GPU CLOUD INFRASTRUCTURE

Source text: [ID:]

Further company coverage: EENE.NS

(([email protected];))

Feb 19 (Reuters) - Senior executives from global artificial intelligence firms joined world leaders in India this week for a major AI summit.

Here is a list of all the major deals struck during the India AI Impact Summit in New Delhi.

INDIA'S RELIANCE INDUSTRIES, JIO TO INVEST $110 BILLION

Conglomerate Reliance Industries RELI.NS and its telecom arm Jio will invest $109.8 billion over the next seven years to build artificial intelligence and data infrastructure, its billionaire chairman Mukesh Ambani said on Thursday.

INDIA'S ADANI GROUP TO COMMIT $100 BILLION FOR AI DATA CENTRES THROUGH 2030

The ports-to-power Adani Group said on Tuesday it would invest $100 billion for renewable energy-powered AI data centres by 2035.

Adani said that the investment is expected to trigger an additional $150 billion across related industries, including server manufacturing and sovereign cloud platforms.

Together, this is projected to create a $250 billion AI infrastructure ecosystem in India over the decade, it added.

MICROSOFT TO INVEST $50 BILLION IN 'GLOBAL SOUTH' BY 2030

Microsoft MSFT.O on Wednesday said it is on pace to invest $50 billion by the end of the decade to help expand AI to countries across the 'Global South'.

The firm had unveiled $17.5 billion worth of AI investments in India last year.

INDIAN DATA CENTRE FIRM YOTTA COMMITS $2 BILLION FOR AI HUB

Yotta Data Services said on Wednesday it will build one of Asia's largest AI computing hubs using Nvidia's NVDA.O latest Blackwell Ultra chips, in a project costing more than $2 billion.

INDIAN IT SERVICES EXPORTER TCS SIGNS OPENAI AS DATA CENTRE CUSTOMER

Tata Consultancy Services TCS.NS has signed up ChatGPT parent OpenAI as its first customer for its data centre unit under the global AI infrastructure initiative Stargate, the companies said on Thursday.

INDIA'S L&T, NVIDIA TO BUILD INDIA'S LARGEST AI FACTORY

Infrastructure major Larsen & Toubro LART.NS announced a proposed venture with Nvidia to build AI-ready data centre infrastructure, advanced computing platforms, and ecosystem enablement required to support large-scale AI workloads.

(Reporting by Nandan Mandayam in Bengaluru; Editing by Raju Gopalakrishnan)

(([email protected]; Mobile: +91 9591011727;))

Feb 17 (Reuters) - NVIDIA Corp NVDA.O:

• NVIDIA: TECH MAHINDRA DEPLOYING LARGE TELCO MODEL TO POWER AUTONOMOUS NETWORK OPERATIONS USING NVIDIA NIM

• NVIDIA: PERSISTENT ACCELERATES AI‑DRIVEN MOLECULAR DISCOVERY WITH NVIDIA BIONEMO AND NEMO AGENT TOOLKIT

• NVIDIA: INFOSYS BUILDS AN ENTERPRISE-GRADE CODING SMALL LANGUAGE MODEL WITH NVIDIA AI ENTERPRISE

• NVIDIA: RELIANCE NEW ENERGY EXPANDS COLLABORATION WITH CO & SIEMENS BY COMBINING SIEMENS’ DIGITAL TWIN TECHNOLOGY WITH CO'S OMNIVERSE LIBRARIES

• NVIDIA: COLLABORATING WITH NEXT‑GENERATION CLOUD PROVIDERS YOTTA, L&T AND E2E NETWORKS

• NVIDIA: DEVELOPERS BUILDING SOVEREIGN AI SYSTEMS CAN ACCESS NVIDIA NEMOTRON & NEMO TODAY

• NVIDIA: TATA CONSULTING ENGINEERS LAUNCHES COGNITIVE TWIN PLATFORM, BUILT ON NVIDIA OMNIVERSE

• NVIDIA: TO OFFER ANUSANDHAN NATIONAL RESEARCH FOUNDATION GRANTEE INSTITUTIONS COMPLIMENTARY ACCESS TO NVIDIA AI ENTERPRISE SOFTWARE

• NVIDIA: PARTNERING WITH VENTURE CAPITAL FIRMS INCLUDING PEAK XV, ELEVATION CAPITAL, ACCEL INDIA & OTHERS TO IDENTIFY & FUND AI STARTUPS

Source text: [ID:]

Further company coverage: NVDA.O

(([email protected];))

Feb 17 (Reuters) - Larsen and Toubro Ltd LART.NS:

• TRISHAKTI INDUSTRIES LTD - GET WORKER ORDER WORTH 4.2 MILLION RUPEES FROM L&T

Source text: ID:nnAZN4SH4H4

Further company coverage: LART.NS

(([email protected];))

Feb 16 (Reuters) - Torrent Power Ltd TOPO.NS:

• TORRENT POWER LTD - TO BUY NABHA POWER FOR ENTERPRISE VALUE OF 68.89 BILLION RUPEES

Source text: ID:nBSE8LSV8d

Further company coverage: TOPO.NSLART.NS

(([email protected];))

Feb 10 (Reuters) - Larsen and Toubro Ltd LART.NS:

• TRANSPORTATION INFRASTRUCTURE VERTICAL WINS ROAD DEVELOPMENT CONTRACT IN DUBAI

• ORDER VALUED BETWEEN 10 BILLION TO 25 BILLION RUPEES

Source text: ID:nBSE6MjW75

Further company coverage: LART.NS

(([email protected];))

Updates levels, adds graphic after paragraph 11

Feb 5 (Reuters) - Rapid advances in artificial intelligence, triggered in part by Anthropic's latest automation push, could structurally erode the IT sector's high-margin application services revenues, creating downside risks to earnings and valuations, analysts warn.

Shares in India's software exporters .NIFTYIT settled 0.6% lower on Thursday, a day after plunging 6% in their worst session for nearly six years, as AI-driven automation from U.S.-based Anthropic and Palantir fuelled fears of compressed project timelines and disruption to the industry's labour-intensive business model.

The weakness has echoed across global IT stocks this week, extending a broader selloff in companies seen as most exposed to potential AI disruption.

"There is more pain ahead for Indian IT," Jefferies said, adding that Anthropic's and Palantir's claims highlight how AI could potentially erode application service revenues for IT firms.

"With application services accounting for 40–70% of revenues, firms face growth pressures, and consensus growth estimates do not fully reflect this, posing downside risks to valuations."

DISRUPTION

Indian IT firms have been ramping up AI investments and re-skilling efforts, even as weak global tech spending, delayed client decision-making and pricing pressure have weighed on the sector. Foreign investors offloaded a record $8.5 billion worth of Indian IT stocks in 2025.

However, some analysts said the sharp selloff may be overdone.

JPMorgan said that while concerns around AI disruption were not without merit, it was illogical to extrapolate the launch of some tools to an expectation that companies will replace every layer of mission-critical enterprise software.

Domestic brokerage Kotak Institutional Equities described the decline as a case of "plenty of panic over a little flutter".

Among large IT firms, Tata Consultancy Services TCS.NS, Tech Mahindra TEML.NS and LTIMindtree LTIM.NS have higher exposure to application services, which account for about 55%–60% of revenues, while HCL Tech HCLT.NS has the lowest exposure at around 40%.

Their stocks fell between 4% and 7% % on Wednesday, and extended losses on Thursday.

Brokerage Motilal Oswal estimates that 9%-12% of industry revenues could be eliminated over the next four years due to AI-led disruption.

Jefferies expects AI to weigh on IT-sector revenue growth over the next one to two years, arguing that deflation in legacy service-line revenues will more than offset gains from AI-related opportunities.

The IT sub-index has lost 17% since the start of 2025, including Wednesday's selloff, and is on track for its worst week in over four months.

(Reporting by Kashish Tandon and Bharath Rajeswaran in Bengaluru; Writing by Chandini Monnappa; Editing by Mark Potter and Louise Heavens)

(([email protected]; 8800437922;))

Feb 2 (Reuters) - Indian engineering firm Thermax THMX.NS posted a 76% rise in its third-quarter profit on Monday, aided by strong order wins.

The Pune-based firm's consolidated net profit rose to 2.04 billion rupees ($22.28 million) for the quarter ended December 31 from 1.16 billion rupees a year ago.

Thermax operates in India's capital goods sector, supplying industrial equipment and systems to power, clean energy and manufacturing clients.

Healthy industrial demand and robust execution likely supported revenues for capital goods companies during the quarter, with orders led by power generation, transmission and distribution and EPC projects, analysts at Elara Capital said in a pre-earnings note.

Thermax's order bookings for the third quarter jumped 34% to 30.80 billion rupees, driven by improved performance in its two key segments, supported by better demand and stronger exports.

The industrial machine maker's quarterly revenue rose 4.2% to 26.35 billion rupees, as revenue from its industrial products segment - its largest - climbed 18%.

The segment delivers equipment for core industrial operations such as boilers, chillers and heating equipment.

Industrial Infra - Thermax's second-largest segment, which includes large-scale infrastructure and energy projects - posted a decline of 9.4% in its third-quarter revenue.

Thermax's bottom line also included exceptional gains of about 59 million rupees on a net basis from the reversal of provisions and related interest income, the company said.

Its shares closed 2% lower on Monday ahead of the results.

($1 = 91.5770 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru; Editing by Ronojoy Mazumdar and Shreya Biswas)

(([email protected]))

Adds revised estimates

By Ashwin Manikandan and Komal Salecha

MUMBAI, Feb 1 (Reuters) - India's federal government will spend a record 12.2 trillion rupees ($133.08 billion) on infrastructure in fiscal year 2027, an 11.4% annual rise, as Asia's third-biggest economy pledged to accelerate growth amid a volatile global environment.

India has significantly raised infrastructure spending after the COVID-19 pandemic, aiming to boost economic growth and create more jobs in the world's most-populous country. The federal budget, presented on Sunday by Finance Minister Nirmala Sitharaman, made a fresh bet on the country's manufacturing sector.

The government's capex plan for the ongoing fiscal year ending March 2026 was revised to 10.95 trillion rupees, as per revised estimates in the budget documents. This is lower than the 11.21 trillion rupees earmarked for the year, which was the highest on record back then.

"The capex outlay for fiscal year 2027 looks a bit modest and misses market expectations slightly, but overall, a positive for the manufacturing sector. It will also be good for private sector capex," said Amit Anwani, an analyst at Prabhudas Lilladher.

Shares of capital goods companies such as Larsen & Toubro LART.NS, IRB Infra IRBI.NS, NBCC NBCC.NS, Action Construction ACEL.NS jumped between 1.3% and 4% on higher capex spending and announcements to scale up infrastructure development.

India's economy has so far withstood punitive U.S. tariffs imposed by President Donald Trump. Economic growth for the current fiscal year has been forecast at 7.4%, with the help of government infrastructure spending and income and consumption tax cuts.

($1 = 91.6710 Indian rupees)

(Reporting by Ashwin Manikandan and Komal Salecha; Editing by Janane Venkatraman)

(([email protected];))

** Shares of India's Larsen & Toubro LART.NS rise 0.8% to 3,819.10 rupees ahead of results

** Analysts expect a profit of 44.26 bln rupees ($483.2 mln), per data compiled by LSEG

** LART posted consol net profit of 33.59 bln rupees in December qtr of 2024

** LART saw modest inflows from domestic infrastructure projects in Q3, Elara says

** Elara has 'buy' rating on LART and Afcons Infra AFCN.NS, backed by their diversified exposure and superior execution capabilities

** LART rated "buy" on avg by 29 analysts covering it; median PT at 4,533 rupees - data compiled by LSEG

** In 2025, LART gained 13%

($1 = 91.6063 Indian rupees)

(Reporting by Komal Salecha in Bengaluru)

(([email protected]))

** India's LTIMindtree LTIM.NS slides 2.6% to 5,804.50 rupees, taking its two-day slump to 9.1%

** Stock set for biggest two-day slump since December 2024

** Drop after India's no. 6 IT firm reports lower Q3 profit with analysts flagging growth pressures and limited scope for margins expansion over FY26-28

** Citi analysts forecast 100 bps impact on LTIM's Q4 and Q1 margins due to wage hikes

** LTIM down 4.3% in January vs IT index's 0.6% drop

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

** Shares of LTIMindtree LTIM.NS fell as much as 7.6% to a more than one-week low of 5,979.50 rupees, last down 6.2%

** Top loser on Indian IT index .NIFTYIT, which is down 1.2%

** Co reported an 8.3% fall in Q3 profit, hit by a one-off impact from newly enacted labour codes; Q3 revenue up 11.6% -in line with estimates

** LTIM's key verticals and top clients continue to face growth pressures, Jefferies says

** Given the ongoing productivity passthrough, see limited scope for margins to expand over FY26-28 and expect LTIM's EBIT margins to remain range bound at 15.5% levels - Jefferies

** Analysts tracking LTIM rate it "hold" on average - data compiled by LSEG

** Stock rose 8.6% last year

(Reporting by Brijesh Patel in Bengaluru)

(([email protected]; Ph no. +91 9590227221;))

Adds details on deal wins in paragraph 5, analyst comment in paragraph 6

BENGALURU, Jan 19 (Reuters) - India's LTIMindtree LTIM.NS reported an 8.3% fall in third-quarter profit on Monday, hit by a one-off impact from newly enacted labour codes.

Net profit at the country's sixth-largest IT firm fell to 9.71 billion rupees ($106.76 million) in the three months ended December 31, mainly on account of charges of about 5.9 billion rupees linked to new labour regulations.

Implemented in November, the new codes - India's biggest overhaul of workers' laws in decades - have dragged the profit of firms in India's manpower-heavy IT sector, including that of Wipro WIPR.NS, TCS TCS.NS and HCLTech HCLT.NS.

LTIMindtree's revenue rose 11.6% to 107.81 billion rupees, in line with estimates of 107.31 billion

Its total order bookings stood at a record $1.69 billion, surpassing the year ago quarter's $1.68 billion. Reuters had reported that the company won its largest-ever deal , pegged at $580 million, in October.

"The numbers look good in terms of margins, revenue and hiring as well. The company has managed weakness from top-5 clients from growing in other areas and rest of the clients," said Karan Uppal, lead analyst at Phillip Capital.

Revenue in the banking, financial services and insurance (BFSI) sector, which accounts for about one-third of its overall revenue, grew 2.3%.

Its consumer unit rose 14.6%, the most among the five business segments.

Last week, larger rival Infosys signaled a healthy demand outlook, especially in the core financial services segment.

($1 = 90.9120 Indian rupees)

(Reporting by Sai Ishwarbharath B; Editing by Janane Venkatraman)

(([email protected];))

Jan 16 (Reuters) - Larsen and Toubro Ltd LART.NS:

• UNIT WINS LARGE ORDER FROM PETRONET LNG

• ORDER WORTH BETWEEN 25 TO 50 BILLION RUPEES

Source text: ID:nBSE5RF9Xn

Further company coverage: LART.NS

(([email protected];))

Jan 14 (Reuters) - Larsen and Toubro Ltd LART.NS:

• SECURES LARGE ORDER FROM TORRENT ENERGY STORAGE SOLUTIONS

• SECURES LARGE CONTRACT FOR HEAVY CIVIL INFRASTRUCTURE BUSINESS

• ORDER SIZE BETWEEN 25 BILLION RUPEES TO 50 BILLION RUPEES

Source text: ID:nBSE6X3SHS

Further company coverage: LART.NS

(([email protected];))

Jan 13 (Reuters) - Larsen and Toubro Ltd LART.NS:

• ISSUES CLARIFICATION ON REPORT KUWAIT CANCELS OIL PROJECT TENDERS

• CLARIFY THAT PROJECTS REFERRED TO IN SAID REPORT WERE NOT PART OF COMPANY’S ORDER BOOK

• PROJECTS REFERRED TO IN THE SAID REPORT WERE NOT PART OF THE COMPANY’S ORDER BOOK

• CAN’T COMMENT ON STATUS OF TENDERS OR COMMERCIAL DECISIONS OF CLIENTS

Source text: ID:nnAZN4RXRHO

Further company coverage: LART.NS

(([email protected];))

Jan 12 (Reuters) - Vantris Energy Bhd VANT.KL:

• UNIT TO DISPOSE 40% EQUITY IN L&T-SAPURA SHIPPING

• SALE CONSIDERATION OF INR 1.22 BILLION

• TO RECORD GAIN ON DISPOSAL 24.7 MILLION RGT

Further company coverage: VANT.KL

(([email protected];))

Jan 8 (Reuters) - Larsen and Toubro Ltd LART.NS:

• PARTNERSHIP BETWEEN L&T AND INDIAN ARMY

• PARTNERSHIP FOR OVERHAUL, UPGRADE, OBSOLESCENCE MANAGEMENT OF PINAKA ROCKET SYSTEMS

Source text: ID:nnAZN4RSBUQ

Further company coverage: LART.NS

(([email protected];))

** Shares of LTIMindtree Ltd LTIM.NS fall as much as 1.5% to 5,970 rupees

** Citi Research opens a 30-day catalyst watch, says double-digit revenue growth, margin improvement may be hard to sustain amid sector pressures and premium valuations

** Adds, with valuations near 29 times FY27 earnings and at a premium to large caps, the risk-reward looks unattractive after recent outperformance

** Despite continued global economic growth, Indian IT rev growth remains sluggish, says Citi

** Q3 focus will likely be on pace of recovery and in hope of pickup in IT spends in areas beyond AI

** Mean rating of stock is 'hold'; median PT is 5,880 rupees - data compiled by LSEG

** LTIM last down 0.9%; gained ~8.6% in 2025

(Reporting by Meenakshi Maidas in Bengaluru)

(([email protected];))

Jan 2 (Reuters) - Larsen and Toubro Ltd LART.NS:

• WINS MAJOR ORDERS FOR MINERALS & METALS BUSINESS

• GOT ORDER WORTH BETWEEN 50-100 BILLION RUPEES

Source text: ID:nBSE3MRyrR

Further company coverage: LART.NS

(([email protected];;))

** Shares of LTIMindtree LTIM.NS climb 8.8% this year, lone gainer among IT stocks .NIFTYIT

** Ten-member Nifty IT .NIFTYIT index is among worst-performing sector indexes of 2025, down 12.4%

** Through the year, LTIM has been an exception to the sluggish demand environment, winning two of its largest-ever deals nL4N3RK0M4 nL6N3VN0L4

** Analysts tracking LTIM rate it "hold" on average, same as four other members of IT index - data compiled by LSEG

** Stock declined 11% last year and is set for biggest annual gain since 2023

(Reporting by Nandan Mandayam in Bengaluru)

(([email protected]; Mobile: +91 9591011727;))

Dec 29 (Reuters) - Larsen and Toubro Ltd LART.NS:

• LARSEN AND TOUBRO - L&T WINS SIGNIFICANT ORDER FOR ITS TRANSPORTATION INFRASTRUCTURE BUSINESS

• LARSEN AND TOUBRO - WINS ORDER WORTH 10- 25 BILLION RUPEES

Source text: ID:nBSE56PHp9

Further company coverage: LART.NS

(([email protected];;))

Adds Bharat Forge statement, paragraph 6

By Shivam Patel

NEW DELHI, Dec 9 (Reuters) - At least half a dozen executives from top Indian arms makers, including Adani Defence ADEL.NS and Bharat Forge BFRG.NS, attended rare meetings in Russia this year to discuss potential joint ventures, three people familiar with the matter said.

The meetings took place during the first visit of India's defence business leaders to Russia since Moscow's 2022 invasion of Ukraine. The visit by the defence business leaders had not previously been reported. The Indian government is seeking to re-orient its decades-old defence ties with Russia to focus on joint development of weapons.

Any potential collaboration with Russia risks setting back plans by Indian defence firms to jointly develop Western arms as part of Prime Minister Narendra Modi's push to make India, one of the world's biggest arms importers, a global manufacturing hub.

Western diplomats have previously said that a key obstacle to the transfer of sensitive military technology to India is its defence ties with Russia and the vast amount of Russian-origin arms used by the Indian military, totalling about 36%.

The talks in Moscow were held on the sidelines of a visit by an Indian defence-industrial delegation on October 29-30, headed by India's Defence Production Secretary Sanjeev Kumar, that was aimed at laying the ground for Russian President Vladimir Putin's visit to India on December 4-5.

Spokespeople for Adani Group and Bharat Forge denied that executives from any of their companies attended the meetings. India's defence ministry and the other firms cited by the sources did not respond to requests for comment.

JOINT PRODUCTION IN INDIA

The meetings discussed the potential for manufacturing of spares for Mikoyan MiG-29 fighter jet, and other Russian-origin air defence and weapon systems, as well as a Russian proposal to set up production units in India for development of equipment that could potentially also be exported to Moscow, said two of the sources and another industry executive.

They spoke on condition of anonymity, citing the sensitivity of the matter.

Russia has been India's top arms supplier for decades, and during Putin's visit the two sides said they had agreed to reorient their partnership "to joint research and development, co-development and co-production of advanced defence technology and systems" to support India's self-reliance in defence.

INDIAN EXECUTIVES IN MOSCOW

A broad delegation of representatives from defence units of Indian conglomerates, state-owned firms, as well as startups involved in the development of drones and artificial intelligence for military use attended the meetings, the sources said.

An executive at engineering conglomerate Kalyani Group's Bharat Forge, which makes components for missiles and artillery guns, attended the meetings as part of efforts to source or jointly develop components for Russian-origin tanks and aircraft as well as to explore potential future collaboration on helicopters, two of the sources said.

Adani Defence and Aerospace, a unit of billionaire Gautam Adani's apples-to-airports conglomerate Adani Group, was represented by its Chief Executive Ashish Rajvanshi, the sources said.

Also attending was an executive from the Society of Indian Defence Manufacturers advisory group that lists more than 500 arms and military equipment makers as its members, including the defence arms of conglomerates Tata Sons, Larsen & Toubro, and state-owned firms such as Bharat Electronics BAJE.NS.

SANCTIONS RISK

Reuters reported in 2024 that a Bharat Forge subsidiary was among the three Indian firms that exported artillery shells to Europe, some of which were later diverted to Ukraine, resulting in a diplomatic protest from Moscow.

Indian firms, however, would be hesitant about striking new deals with Russia due to the risk of secondary sanctions, an Indian executive said.

While India can use diplomatic outreach and lobbying to offer some protection from sanctions, an Indian defence official said the firms would have to factor in the political risks themselves.

(Reporting by Shivam Patel in New Delhi
Editing by Frances Kerry)

(([email protected];))

Oct 31 (Reuters) - Larsen and Toubro Ltd LART.NS:

• CO AND GA-ASI ANNOUNCE PARTNERSHIP FOR RPAS MANUFACTURE IN INDIA

Source text: ID:nBSE88SY8j

Further company coverage: LART.NS

(([email protected];))

Adds details paragraph 3 onwards

BENGALURU, Oct 16 (Reuters) - Indian IT services company LTIMindtree LTIM.NS reported bigger-than-expected quarterly earnings on Thursday on strong performance in the banking, financial services and insurance (BFSI) sector, its largest segment.

Its net profit for the quarter rose 12% and consolidated sales for the quarter climbed 10.2%, beating analysts' average estimates of 12.77 billion rupees and 102.37 billion rupees, respectively, according to data compiled by LSEG.

The Mumbai-headquartered company, which generates nearly 75% of its revenue from America, reported a 3.6% rise in revenue from the region.

In July, chief executive Venugopal Lambu told Reuters that the company was aiming for near double-digit revenue growth by the end of the fiscal year.

Larger peers Tata Consultancy Services TCS.NS, HCLTech HCLT.NS and Tech Mahindra TEML.NS also beat quarterly revenue estimates and said they expect the second half of this fiscal to be better than the first in terms of overall demand.

LTIMindtree's deal wins for the quarter totaled $1.59 billion, compared with $1.63 billion in the previous quarter and $1.3 billion a year earlier.

Its shares closed 0.2% higher on Thursday ahead of the results.

($1 = 87.9070 Indian rupees)

(Reporting by Haripriya Suresh and Kashish Tandon; Editing by Janane Venkatraman )

(([email protected];))

** India's Larsen & Toubro LART.NS jumps 2.6% to 10-month high of 3,841.4 rupees

** Infrastructure major 3.2% away from lifetime high of 3,963.5 rupees

** Brokerage firm Jefferies raises PT to 4,345 rupees from 4,230 earlier, retains "buy" rating

** Says LART on track to achieve or exceed FY26 revenue, order flow, and margin guidance

** Adds that strong growth visibility with conservative guidance should drive stock

** Analysts on avg rate LART "buy"; median PT at 4,090 rupees, as per data compiled by LSEG

** YTD, stock up 6.5%

(Reporting by Vivek Kumar M)

(([email protected];))