L&T's Global Surge: A Record-Breaking Quarter

Larsen & Toubro reported a 29.8% rise in net profit for the June quarter, buoyed by strong overseas orders. Consolidated revenue climbed to Rs 63,679 crore. The company's new-age businesses are set to contribute significantly over the next five years, ensuring robust growth and diversification.

Larsen & Toubro (L&T) has achieved a remarkable 29.8% increase in consolidated net profit, reaching Rs 3,617.19 crore for the June quarter, a boost driven by substantial overseas order growth.

Comparatively, the company's net profit was Rs 2,785.72 crore in the same period last year, with revenues climbing to Rs 63,678.92 crore. The firm registered impressive year-on-year revenue growth of 16% due to strong project execution.

L&T's ambitious five-year Lakshya'26 plan is currently on track, with significant contributions expected from emerging sectors such as semiconductors and green energy. The company received orders worth Rs 94,453 crore, highlighting robust global demand across multiple sectors.

(With inputs from agencies.)