Larsen & Toubro (L&T) announced a 32.5% increase in consolidated net profit to ₹5,202.10 crore for the quarter ended September 2026, driven by higher revenue. The engineering, procurement and construction giant posted consolidated revenue of ₹78,750 crore, up 16% year‑on‑year. In early trade on Wednesday, October 28, the stock surged as much as 6.24% to a high of ₹3,894.00 on the NSE, trading at ₹3,824.00 (up 4.34%) at 09:43 AM today in market.

L&T secured orders worth ₹1,47,665 crore during the quarter, marking a 28% year‑on‑year growth. Significant wins were achieved across hydrocarbons—both offshore and onshore—carbonLite solutions, public spaces and airports, and power transmission and distribution businesses. International orders totaled ₹92,375 crore, contributing 63% to the total inflow. The Group’s consolidated order book as of September 30, 2026 stood at ₹8,53,514 crore. This robust inflow supports the company’s long‑term revenue trajectory and underpins its strategic expansion plans.

Chairman and Managing Director S N Subrahmanyan said the company delivered a strong quarter amid an ever‑changing geopolitical landscape, reflecting continued customer confidence and the ability to secure large, complex orders across sectors and geographies. He added that the record quarterly order inflow and a focused execution across projects, products and manufacturing businesses supported higher revenue growth, while the highest ever order book of ₹8.5 lakh crore provides multi‑year revenue visibility today.

President and Whole‑Time Director‑Finance R Shankar Raman told a media briefing that L&T sees nearly ₹10 lakh crore worth of prospects in its pipeline. He said an assessment of the pipeline as of September 30 indicates nearly ₹10 lakh crore worth of prospects, underscoring the company’s capacity to sustain growth momentum through future projects. This outlook aligns with the firm’s strategic focus on innovation, digital capabilities, and technology‑led businesses, which are expected to drive long‑term value creation for stakeholders.

CLSA remains bullish on L&T, noting that engineering and construction execution grew 22% year‑on‑year despite disruptions in West Asia. The company’s West Asia and India businesses grew 26% and 16% respectively. L&T has retained its FY27 guidance of 10–12% growth in orders and execution, with margins expected to remain flat, according to the investment firm. The firm also highlighted the company’s robust order book and strong pipeline as key drivers of future performance.