Larsen and Toubro Ltd

The conglomerate and GA-ASI together will deliver the combat-proven Medium Altitude Long Endurance (MALE) Remotely Piloted Aircraft Systems (RPAS) platforms, manufactured entirely in India. GA-ASI, a global leader in advanced unmanned aerial systems, brings decades of operational expertise, L&T brings extensive engineering, precision manufacturing and system integration capabilities in defence and aerospace. Under this partnership, L&T will participate in the upcoming 87 MALE RPAS programme of the Ministry of Defence, where L&T will be the prime bidder and GA-ASI the technology partner. The collaboration will enable the production of GA-ASI's MQ-series RPAS that are combat proven. These are widely operational across the globe with millions of flight hours in surveillance and strike missions. S N Subrahmanyan, chairman & managing director, L&T, said: 'This partnership offers India a unique opportunity to manufacture state-of-the art unmanned platforms indigenously. We are proud to join hands with GA-ASI, a recognised world leader in this domain, and are confident that this alliance will significantly enhance India's defence capabilities and advance self-reliance in aerospace technologies.' Larsen & Toubro is a Indian multinational engaged in EPC projects, hi-tech manufacturing, and services. The company reported a 15.6% jump in consolidated net profit to Rs 3,926.09 crore on 10.4% increase in revenue from operations to Rs 67,983.53 crore in Q2 FY26 over Q2 FY25. The scrip rose 0.91% to currently trade at Rs 4024.20 on the BSE. Powered by Capital Market - Live

L&T and the US-headquartered General Atomics Aeronautical Systems, Inc. (GA-ASI) have entered into a strategic partnership to manufacture Medium Altitude Long Endurance (MALE) Remotely Piloted Aircraft Systems (RPAS) in India, for the Indian armed forces. GA-ASI, a global leader in advanced unmanned aerial systems, brings decades of operational expertise, L&T brings extensive engineering, precision manufacturing and system integration capabilities in defence and aerospace. L&T and GA-ASI together will deliver the combat-proven MALE RPAS platforms, manufactured entirely in India. This program incorporates critical technology transfers and fulfilling indigenous content requirements aligned with Government of India's Atmanirbhar Bharat and Make in India initiatives. Under this partnership, L&T will participate in the upcoming 87 MALE RPAS programme of the Ministry of Defence, where L&T will be the prime bidder and GA-ASI the technology partner. The collaboration will enable the production of GA-ASI's MQ-series RPAS that are combat proven. These are widely operational across the globe with millions of flight hours in surveillance and strike missions. The partnership marks a significant milestone in India's pursuit of a self-reliant defence ecosystem, strengthening Indo-US defence collaboration and fostering a competitive, globally integrated aerospace manufacturing base. Powered by Capital Market - Live

Profit before tax (PBT) jumped 14.1% YoY to Rs 6,336.11 crore in Q2 September 2025. EBITDA stood at Rs 6,806 crore, registering the growth of 7% compared with Rs 6,362 crore in Q2 FY25. EBITDA margin stood at 10% in Q2 FY26 as against 10.3% in Q2 FY25. On a quarterly basis, orders worth Rs 115,784 crore were received at the group level during the quarter ended September 30, 2025. The company registered a y-o-y growth of 45% aided by a strong order momentum across a broad spectrum of businesses. International revenues during the quarter were at Rs 38,223 crore, constituted 56% of the total revenue. International orders stood at Rs 75,561 crore in Q2 FY26, accounting for 65% of the total order inflow. On half-year basis, the company's consolidated net profit jumped 22% to Rs 7,543.28 crore on 12.8% increase in revenue from operations to Rs 1,31,662 crore in H1 FY26 over H1 FY25. Larsen & Toubro secured orders worth Rs 2,10,237 crore registering y-o-y growth of 39% for the half-year ended September 30, 2025. S N 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. In its outlook, L&T said the global economy continues to face growth challenges due to increasing trade protectionism and persisting regional conflicts. Global GDP growth is projected lower at around 3.0% as ongoing policy uncertainties, including trade and tariff policies, impacts 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. Against this economic backdrop, the company has the necessary capability and flexibility to continuously rebalance its approach and strategy to benefit under the ever-changing business environment. Larsen & Toubro is a Indian multinational engaged in EPC projects, hi-tech manufacturing, and services. The counter hit an all-time high at Rs 4049.40 in intraday today.Powered by Capital Market - Live

Larsen & Toubro (L&T) has achieved a major milestone in its Offshore Wind Business by securing a critical role in the prestigious High Voltage Direct Current (HVDC) offshore wind program of TenneT, the Dutch German transmission system operator. This landmark development reinforces L&T's position as a key enabler in the global energy transition and underscores its commitment to advancing sustainable infrastructure. Collaborating with Hitachi Energy, a global technology leader in electrification, L&T has been nominated by TenneT to deliver state-of-the-art HVDC converter stations. This initiative aims to accelerate the integration of large-scale renewable energy into the European power grid, particularly across the German and Dutch sectors of the North Sea. The collaboration brings together complementary strengths in advanced technology, engineering excellence, and end-to-end project execution. It underscores L&T's growing global footprint in offshore wind and reinforces its commitment to enabling the world's energy transition through sustainable infrastructure solutions. L&T's Offshore Wind Business is built on robust multidisciplinary capabilities, strategic alliances with global industry leaders, and a resilient supplier ecosystem and supported by three world-class modular fabrication facilities. L&T is uniquely positioned to execute large-scale offshore wind projects to the highest standards of quality, safety, and sustainability.Powered by Capital Market - Live

Net profit of Larsen & Toubro rose 15.63% to Rs 3926.09 crore in the quarter ended September 2025 as against Rs 3395.29 crore during the previous quarter ended September 2024. Sales rose 10.44% to Rs 67983.53 crore in the quarter ended September 2025 as against Rs 61554.58 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales67983.5361554.58 10 OPM %12.5212.86 - PBDT7427.886578.93 13 PBT6336.115555.09 14 NP3926.093395.29 16 Powered by Capital Market - Live

Larsen & Toubro has allotted 24,869 equity shares under ESOS on 29 October 2025. Powered by Capital Market - Live

The Power Transmission & Distribution (PT&D) vertical of L&T has won a batch of grid infrastructure orders for construction of a 380 kV Substation and Transmission Lines in Saudi Arabia. According to the company's project classification, the value of the orders range between Rs 2,500 crore to Rs 5,000 crore. The first order pertains to the construction of a 380/33 kV Gas Insulated Substation. The scope also involves related hybrid GIS elements, 380 kV Transformers & Reactors, and subsystems for power system protection, control, automation, telecommunication, HVAC and firefighting. The second set of orders pertain to the construction of 380 kV Overhead Transmission Links for an aggregated route length of more than 420 km. As part of its National Renewable Energy Programme (NREP), Saudi Arabia is upgrading its electricity grid to support a surge in renewable energy projects. Transmission lines and substations are vital to scaling up and strengthening the country's overall power infrastructure. Powered by Capital Market - Live

The Heavy Engineering vertical of L&T has recently secured multiple orders in the international and domestic markets. According to the company's project classification, the orders are valued in the range of Rs 1,000 crore to Rs 2,500 crore. On the international front, the vertical has secured an order from the United States to manufacture Vessels for an NGL fractionator project and the Cartridge for a Blue Ammonia project in Louisiana. From Mexico, the vertical has secured orders for ammonia and urea processing equipment for two fertiliser plants. From Brazil for critical Heat Exchangers in the replacement market. From Saudi Arabia the vertical has won the order for a refinery and integrated petrochemical complex in Saudi Arabia for amendment to a critical contract related to the HOFCC Reactor and Regenerator revamp. This demonstrates L&T's reliability and technical excellence in delivering high-performance solutions. In the nuclear power equipment sector, vertical has secured orders for critical equipment to be supplied to international and domestic nuclear projects. In the domestic market, vertical has secured crucial equipment orders for the 2RK65 Heat Exchanger Package (4 units) of proprietary MOC, meant for one of the major customer's 3 MMTPA PTA7 project at Dahej in Gujarat. All these orders underscore the trust that customers repose on L&T's cutting-edge manufacturing capabilities to deliver high-quality, fully dressed equipment across the globe. Powered by Capital Market - Live

On the international front, the vertical has received an order from the United States to manufacture vessels for an NGL fractionator project and a cartridge for a blue ammonia project in Louisiana. It has also bagged orders from Mexico for ammonia and urea processing equipment for two fertilizer plants, and from Brazil for critical heat exchangers in the replacement market. In Saudi Arabia, L&T's Heavy Engineering vertical has won an order for a refinery and integrated petrochemical complex, involving amendments to a critical contract related to the HOFCC reactor and regenerator revamp. These projects highlight L&T's technical expertise and reliability in delivering complex, high-performance engineering solutions. In the nuclear power equipment segment, the vertical has secured orders for critical components to be supplied to both international and domestic nuclear projects. Domestically, it has also received orders for the 2RK65 Heat Exchanger Package (four units) of proprietary MOC for a major customer's 3 MMTPA PTA7 project at Dahej in Gujarat. According to L&T, these new wins reaffirm customers' trust in its advanced manufacturing capabilities and its commitment to delivering world-class, high-quality equipment globally. Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services. The company had reported a 30% jump in consolidated net profit to Rs 3,617.19 crore on a 16% rise in revenue to Rs 63,678.92 crore in Q1 FY26 as compared with Q1 FY25. Shares of Larsen & Toubro rose 0.28% to Rs 3,935.60 on the BSE. Powered by Capital Market - Live

Larsen & Toubro will hold a meeting of the Board of Directors of the Company on 29 October 2025.Powered by Capital Market - Live