Larsen & Toubro Reports Robust Q2 Growth and Strategic Developments

Larsen & Toubro reported a 15.6% rise in consolidated profit for Q2, driven by a 10% increase in revenue. The company secured substantial orders and plans to divest its stake in L&T Metro Rail (Hyderabad) Ltd. Strategy aligns with 'Lakshya 2026' goals.

Larsen & Toubro has announced a strong performance for the September quarter, posting a 15.6% rise in net profit to Rs 3,926.09 crore. This growth is attributed to a 10% boost in consolidated revenue reaching Rs 67,983.53 crore.

The company demonstrated robust order acquisition, with Rs 2,10,237 crore in new secured contracts, marking a 39% year-on-year increase. International orders accounted for 59% of this total, showcasing L&T's prowess in the global EPC sector.

Aligning with 'Lakshya 2026,' L&T plans to divest from L&T Metro Rail (Hyderabad) Ltd. Chairman S N Subrahmanyan expressed optimism about future prospects, driven by increased capex in key regions like India and the Middle East.