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With strong order momentum from the energy segment, Larsen & Toubro reported a 15.64 per cent increase in its consolidated net profit to ₹3,926 crore for the quarter ended September 30, 2025. The company reported a 10.44 per cent growth in revenue from operations at ₹67,983 crore. “The company has reported a well-rounded financial performance across all parameters. Our ability to repeatedly secure large orders across segments and geographies is a true testimony to the company’s leadership position in the EPC domain,” said SN Subrahmanyan, Chairman and Managing Director. “The consistent execution across a diverse portfolio highlights our strength in effectively navigating local/global challenges. We continue to witness higher capex spending in both our primary geographies of India and West Asia, and remain fairly optimistic about order prospects,” he said. The consolidated order-book of the group stood at ₹667,047 crore, representing a 15 per cent growth over March 2025. The share of international orders was at 49 per cent of the order-book. The company’s EBITDA was at 10 per cent. International revenues during the half year were at ₹71,217 crore, constituting 54 per cent of the total revenue. “We reached an in-principle understanding with the Government of Telangana for the divestment of our stake in L&T Metro Rail (Hyderabad) Ltd (L&TMRHL). This is in line with our stated objective under Lakshya 2026 to exit the public concessions portfolio. To ensure long-term sustainable growth in a rapidly-evolving business environment, efforts are ongoing to streamline and grow the emerging technology-led businesses, so as to complement our core businesses in the domains of engineering, construction, manufacturing and project management. Our IT&TS portfolio continues to perform well. Lastly, L&T Finance’s strategy to focus on the retail lending space through innovative products and tech-enabled operations has resulted in improved performance of the company,” he added.. In the near term, the company stated that with consumer price inflation having moderated, there appears to be adequate space for a reduction in policy rates. The factors are expected to justify India’s position as one of the world’s fastest-growing major economies. “The global economy continues to face growth challenges due to increasing trade protectionism and persisting regional conflicts. Global GDP growth is projected to be lower at about 3 per cent as ongoing policy uncertainties, including trade and tariff policies, impact investment and supply chains. The GCC economy is likely to remain stable, led by a rebound in oil output, stable inflation and continued investment in non-oil sectors. The current policy and environment remain positive,” the company said. The company appointed Amitabh Kant as a non-executive, independent director (Additional Director) of the company for a term of five years. Strong order-book The consolidated order-book of the group was at ₹ 6,67,047 crore, a growth of 15 per cent over March 2025. The share of international orders was at 49 per cent. The growth was driven by the energy segment, which recorded a 100 per cent year-on-year increase with orders of ₹38,156 crore during the quarter. The segment was driven by the receipt of ultra-mega orders in both the onshore and offshore businesses in the Hydrocarbon sector. The international order inflow constituted 98 per cent of the total order inflow during the quarter. The infrastructure segment saw a 6 per cent year-over-year growth in order inflow, reaching ₹52,686 crore during the quarter. The international order constituted 48 per cent of the total order inflow of the segment, aided by orders in building and factories, heavy civil infrastructure, power transmission and distribution and renewables businesses. L&T plans to complete the divestment of Hyderabad by March 2026. Electronics manufacturing The company is planning to enter electronics manufacturing and will eye the segment in which it continues to operate. “It is part of our strategy in the revenue stream. We are looking at electronic manufacturing, not necessarily in the consumer segment. We are looking at electronic manufacturing in areas of communication, aerospace, engineering and can scale up,” said R Shankar Raman, Chief Financial Officer, L&T. Published on October 29, 2025
