L&T EXCEEDS GUIDANCE AS ORDERS JUMP 39%

Engineering powerhouse L&T delivered another strong quarter, boosting profits and order inflows well beyond projections

Infrastructure major Larsen & Toubro (L&T) reported a 15.6 per cent rise in consolidated net profit to ₹3,926.09 crore for the quarter ended September 2025, backed by strong revenue growth and record order inflows.

According to a regulatory filing, consolidated revenue from operations rose 10 per cent year-on-year to ₹67,983.53 crore, compared with ₹61,554.58 crore in the same quarter last year.

The company said it had secured orders worth ₹2,10,237 crore during the first half of FY26, marking a 39 per cent year-on-year growth. Notably, international orders accounted for 59 per cent of the total, amounting to ₹1,24,236 crore, underlining L&T’s strong global footprint.

Speaking at a post-earnings media interaction, R. Shankar Raman, President, Whole-Time Director and CFO of L&T, said the company expects to complete its Hyderabad Metro stake divestment between the current and next quarter.

“We are in detailed discussions with the government on the modality of the divestment. The transaction should be completed sometime between this quarter and the next,” Raman noted, adding that while the company aims for an early closure, the timeline depends on multiple parties involved.

He added that L&T is on track to surpass its full-year order inflow guidance, initially pegged at 10 per cent growth.

“We are well-positioned to exceed the guidance given at the start of the year,” he stated.

In an official statement, S. N. Subrahmanyan, Chairman and Managing Director, described the quarter as a well-rounded performance across all key metrics.

“Consistent execution across our diverse portfolio highlights L&T’s strength in navigating both local and global challenges. With rising capital expenditure in India and the Middle East, we remain optimistic about future order prospects,” he said.

With a market capitalisation exceeding USD 30 billion, Larsen & Toubro remains one of India’s most respected multinationals, operating across engineering, procurement, construction, hi-tech manufacturing and services in multiple geographies.