L&T Keeps Momentum Going With Big Orders, Registers 39% Growth in H1 of FY26

New Delhi, October 30, 2025: Larsen & Toubro secured orders worth INR 210,237 crore registering year-on-year (YoY) growth of 39 per cent for the half-year ended September 30, 2025. During the half-year, big-ticket order wins were in Public Spaces, Commercial Buildings, Metro, Hydel & Tunnel, Transmission & Distribution, Renewables, Non-Ferrous Metals, Thermal BTG, and Offshore and Onshore businesses in the Hydrocarbon sector. International orders at INR 124,236 crore during the half-year constituted 59 per cent of the total.

On a quarterly basis, orders worth INR 115,784 crore were received at the group level during the quarter ended September 30, 2025. The Company registered a YoY growth of 45 per cent aided by a strong order momentum across a broad spectrum of businesses. The quarter saw order wins in businesses such as Public Spaces, Data Centres, Commercial Buildings, Metro, Hydel & Tunnel, Transmission & Distribution, Renewables, and both Offshore and Onshore businesses in the Hydrocarbon sector. International orders stood at INR 75,561 crore, accounting for 65 per cent of the total order inflow.

The consolidated order book of the Group as on September 30, 2025, was at INR 667,047 crore, a growth of 15 per cent over March 2025. International orders comprise 49 per cent of the order book.

The company achieved consolidated revenues of INR 131,662 crore recording a YoY growth of 13 per cent on a half-year basis. International revenues during the half-year at INR 71,217 crore constituted 54 per cent of the total revenue.

For the quarter ended September 30, 2025, consolidated revenue at INR 67,984 crore registered a YoY growth of 10 per cent. International revenues during the quarter were at INR 8,223 crore, constituted 56 per cent of the total revenue.

The company, for the half-year ended September 30, 2025, posted a consolidated Profit After Tax of INR 7,543 crore, registered a YoY growth of 22 per cent.

Similarly, for the quarter ended September 30, 2025, consolidated Profit After Tax (PAT) at INR 3,926 crore, registering a YoY growth of 16 per cent.

Commenting on the results, SN Subrahmanyan, Chairman and Managing Director, said: “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. The consistent execution across a diverse portfolio highlights our strength in effectively navigating local / global challenges. We continue to witness higher capex spends, in both our primary geographies of India and the Middle East, and remain fairly optimistic about order prospects.

“We reached an in-principle understanding with the Government of Telangana for the divestment of our stake in L&T Metro Rail (Hyderabad) Limited (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 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.”