Larsen and Toubro Ltd

As per L&T's internal classification, the contract falls under the 'mega' category, indicating an estimated value in the range of Rs 10,000 crore to Rs 15,000 crore. The order involves engineering, procurement, and installation of key process facilities, including blast furnaces and steel melt shops, across multiple brownfield and greenfield expansion projects, primarily at JSW Steel's sites in Ballari, Karnataka, and Paradip, Odisha. JSW Steel is expanding its crude steel capacity from 35 MTPA to over 50 MTPA by 2031 as part of its long-term growth strategy. D. K. Sen, Advisor to CMD, development projects & minerals & metals, L&T, said, Securing the largest-ever order in the metals segment marks a defining moment for L&T's Minerals & Metals business. Our long-standing partnership with JSW Steel reflects a shared commitment to scale, innovation, and nation-building. These orders are not merely a testament to our engineering and execution capabilities but also an affirmation of the trust placed in us to deliver assets of national significance. As India accelerates its journey towards becoming a global steel powerhouse, L&T remains committed to setting new benchmarks in project delivery, sustainability, and technological excellence.' T. Kumaresan, senior vice president & head of minerals & metals, L&T, added: 'These prestigious wins further strengthen our leadership in executing large, complex metallurgical projects. Our ability to integrate technology, optimize project timelines, and deliver with precision continues to differentiate us. We remain focused on partnering with JSW in shaping their growth through technology and on-time delivery.' Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services. The company reported a 3.12% decline in consolidated net profit to Rs 5,325.60 crore, despite a 11.25% increase in revenue from operations to Rs 82,762.16 crore in Q4 FY26 over Q4 FY25. Shares of Larsen & Toubro fell 2.69% to Rs 3,947.20 on the BSE.Powered by Capital Market - Live

Larsen & Toubro announced that the 81th Annual General Meeting(AGM) of the company will be held on 5 June 2026.

The Minerals & Metals (M&M) business vertical of Larsen & Toubro (L&T) has secured its largest-ever order in the domestic metals sector - awarded by JSW Steel. According to the company's project classification, the value of the order ranges between Rs 10,000 crore to Rs 15,000 crore. L&T and JSW Steel share a deep-rooted association built over more than three decades of collaboration in executing complex metallurgical projects. This enduring partnership has consistently contributed to strengthening India's steel production capabilities through scale, technology and operational excellence. As part of its strategic growth roadmap, JSW Steel is progressing towards expanding its crude steel processing capacity from 35 MTPA to over 50 MTPA by 2031. In line with this vision, L&T's M&M vertical has been entrusted with comprehensive engineering, procurement and installation of critical process facilities, including Blast Furnaces and Steel Melt Shops, across multiple brownfield/greenfield expansions, mainly at JSW sites in Ballari (Karnataka) and Paradip (Odisha).

International revenues stood at Rs 43,747 crore, contributing 53% of the company's total revenues. Profit before tax (PBT) increased 10.64% YoY to Rs 8,341.63 crore in Q4 FY26. The company recorded a exceptional profit of Rs 68.65 crore during the period under review. EBITDA stood at Rs 8,610 crore in Q4 FY26, up 4.96% YoY while EBITDA margin improved to 11% in Q4 FY26 as against 10.4% in Q4 FY25. For the quarter ended March 31, 2026, the company recorded consolidated order inflows of Rs 89,772 crore. During the quarter, several high-value order wins were secured across sectors, including commercial & residential buildings, roads & runways, urban transport, transmission & distribution and the hydrocarbon onshore businesses. International orders stood at Rs 59,994 crore, contributing 67% of the total order inflow. The Infrastructure Projects segment secured orders of Rs 43,477 crore, during the quarter ended March 31, 2026, registering growth of 26% over the corresponding quarter of the previous year. International orders constituted 67% of the total order inflow for the quarter. Energy projects segment projects secured orders of Rs 21,296 crore, during the quarter ended March 31, 2026, registering a y-o-y decline of 34%. The decline is largely due to high-base effect. International orders constituted 80% of the total order inflow for the quarter. Hi-Tech Manufacturing segment reported order inflows of Rs 1,727 crore for the quarter ended March 31, 2026, reflecting a 24% decline compared to the corresponding quarter of the previous year largely due to the deferment of targeted orders. Export orders accounted for 25% of the total order inflow during the quarter. IT & Technology Services (IT&TS) segment reported customer revenues of Rs 14,078 crore for the quarter ended March 31, 2026, registering a y-o-y growth of 13%. International billing accounted for 92% of the total customer revenues during the quarter. Financial services segment segment reported income from operations at Rs 4,669 crore for the quarter ended March 31, 2026, registering a y-o-y growth of 22%. The total Loan Book stood at Rs 121,728 crore as on March 31, 2026, reflecting a 25% growth compared to March 2025 at Rs 97,762 crore. The Retail Loan Book constitutes 98% of the total loan book as on March 31, 2026. On outlook front, the company said that as India enters FY 2026-27, the country's GDP growth is projected to remain among the fastest-growing major economies in the world. India's strong macroeconomic fundamentals and policy buffers offer some protection from external headwinds. India's service sector and digital economy, which are relatively less exposed to disruptions in the Middle East, are expected to remain key growth engines. Momentum is likely to be sustained by continued expansion in fintech, cloud technologies, AI-enabled services, and the rise of Global Capability Centers (GCCs). On annual basis, the company's consolidated net profit increased 6.96% to Rs 16,083.99 crore on 11.79% rise in revenue from operations to Rs 2,85,874.36 crore in FY26 over FY25. The L&T group secured orders worth Rs 435,590 crore, registering a y-o-y growth of 22% for the year ended March 31, 2026. S. N. Subrahmanyan, chairman and managing director, said: 'The year concluded on a strong note, supported by good financial performance across segments. Order inflow for the year exceeded a record Rs 4 lakh crore - a clear reflection of our strategy, built on a strong domestic base complemented by a significant international presence, enabling the Company to exploit global opportunities. During the year, we have executed Agreements for divesting our full stakes in Nabha Power Limited and L&T Metro Rail (Hyderabad) Limited. We expect the closure of these transactions by 30th June 2026. This aligns with our stated strategy to exit from the Concessions portfolio. As this being the terminal year of our Lakshya'26 plan, I am happy to say that we have achieved most of the targets we set for ourselves, whether in terms of order book, revenue or exits from non-core businesses.' Meanwhile, the company's board recommended a final dividend of Rs 38 per share of face value of Rs 2 each for the FY26. The record date has been fixed as Friday, 22 May 2026 for the dividend. In addition, the company's Minerals & Metals (M&M) business vertical secured mega order from JSW Steel. The contract involves comprehensive engineering, procurement and installation of key process facilities, including blast furnaces and steel melt shops, for multiple brownfield and greenfield expansion projects. The projects will be executed primarily at JSW Steel's facilities in Ballari and Paradip. As per the company's classification, the order falls in the 'mega' category, with a value ranging between Rs 10,000 crore and Rs 15,000 crore. Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services.Powered by Capital Market - Live

Net profit of Larsen & Toubro declined 3.12% to Rs 5325.60 crore in the quarter ended March 2026 as against Rs 5497.26 crore during the previous quarter ended March 2025. Sales rose 11.25% to Rs 82762.16 crore in the quarter ended March 2026 as against Rs 74392.28 crore during the previous quarter ended March 2025. For the full year,net profit rose 6.96% to Rs 16083.99 crore in the year ended March 2026 as against Rs 15037.11 crore during the previous year ended March 2025. Sales rose 11.79% to Rs 285874.36 crore in the year ended March 2026 as against Rs 255734.45 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales82762.1674392.28 11 285874.36255734.45 12 OPM %12.5913.28 -12.6412.80 - PBDT9509.588591.66 11 32063.0027225.19 18 PBT8341.637539.24 11 27698.2523104.01 20 NP5325.605497.26 -3 16083.9915037.11 7 Powered by Capital Market - Live

L&T Realty Properties (LTRPL), a wholly owned subsidiary of L&T, operating in the urban-premium and luxury real estate segments across four cities, has recently acquired 100 per cent stake in International Green Scapes (IGSL), Delhi. The acquisition enables LTRPL to leverage 20 acres of land owned by IGSL in Gurugram, significantly strengthening its real estate development portfolio. Marking LTRPL's first land acquisition in the NCR micro-market, it offers a development potential of approximately 3.6 million square feet. Further, during FY 2025-26, LTRPL and L&T Realty Developers Ltd ' another wholly-owned subsidiary of L&T, have cumulatively completed land acquisitions across Mumbai, Delhi and Bengaluru, having an aggregate development potential of 3 million square feet. The acquisitions have strengthened the development potential over the medium-term. L&T has already embarked on a journey to consolidate all its Realty businesses under a single entity, subject to requisite regulatory approvals. Upon completion of the consolidation process, L&T Realty would emerge as a unified, future-ready entity capable of capitalising on India's real estate growth.

The new business vertical, christened L&T Electronic Products & Systems (LTEPS), will be headquartered in Bengaluru, while manufacturing operations will be based in Coimbatore. Initially, two production lines have been commissioned to offer electronics manufacturing services to Indian and global clients. Building on its expertise in strategic electronics, LTEPS will expand into industrial electronic products and systems across key segments, including power electronics, mobility, industrial robotics & automation, communication platforms, and electronics systems design & manufacturing (ESDM). The business will adopt a blended approach of in-house R&D, technology partnerships, and advanced testing infrastructure. It also plans phased expansion across a 40-acre zone in Coimbatore, covering the full electronics value chain, including R&D, product development, contract manufacturing, design and engineering support, sourcing, testing, and validation services. Commenting on this, L&T chairman & managing director S N Subrahmanyan said: 'The foray into industrial electronics is an important step towards our Lakshya 2031 aspiration of deepening technology leadership and enhancing India's self-reliance in critical manufacturing. With LTEPS, we are bolstering the nation's electronics manufacturing ecosystem while expanding our presence across high-growth, innovation-driven domains.' L&T is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services, operating across multiple geographies. On a consolidated basis, L&T's net profit declined 4.27% year-on-year to Rs 3,215.11 crore in Q3 FY26, even as revenue from operations rose 10.48% to Rs 71,449.70 crore in Q3 FY26. Shares of Larsen & Toubro fell 1.15% to Rs 4,007.50 on the BSE.

Larsen & Toubro has entered the B2B industrial electronics space with the commencement of industrial electronics manufacturing at its Coimbatore campus in Tamil Nadu. The new business vertical, christened L&T Electronic Products & Systems (LTEPS), will be headquartered in Bengaluru, while the manufacturing operations will be based in Coimbatore. To begin with, two manufacturing lines have been commissioned, offering electronics manufacturing services to both Indian and global clients. Commenting on this, L&T Chairman & Managing Director S N Subrahmanyan said: 'The foray into industrial electronics is an important step towards our Lakshya 2031 aspiration of deepening technology leadership and enhancing India's self-reliance in critical manufacturing. With LTEPS, we are bolstering the nation's electronics manufacturing ecosystem while expanding our presence across high‑growth, innovation‑driven domains'. Building on its expertise in Strategic Electronics, LTEPS will extend the capability to the development and manufacture of industrial electronic products and systems across several key domains ' including power electronics, mobility, industrial robotics & automation, communication platforms and electronics systems design & manufacturing (ESDM). It will adopt a blended approach of in-house R&D, technology partnerships and advanced testing infrastructure to deliver market-ready solutions. Looking ahead, LTEPS plans to progressively expand its footprint. Future expansions are envisioned across a 40-acre zone within the Coimbatore campus to cover the entire industrial electronics value chain ' spanning R&D, in-house product development, ESDM, contract manufacturing, design and engineering support, sourcing, testing and validation services.

The Buildings & Factories (B&F) business vertical of Larsen & Toubro has won multiple orders in India. According to the company's project classification, the value of the orders ranges between Rs 1,000 crore to Rs 2,500 crore. It has secured an order from Oberoi Realty for the construction of seven high-rise residential towers in Gurugram, NCR. The scope includes RCC shell and core construction, as well as earthworks and piling, all to be executed within stringent timelines. The business vertical has also secured an order for construction of Proving Ground from a reputed international company in Haryana. The facility will boost testing infrastructure for vehicles embedded with latest technology. Besides the Proving Ground, the scope includes finishing works and external development relevant to the facility.

As per L&T's internal classification, the contract falls under the significant category, valued between Rs 1,000 crore and Rs 2,500 crore. The company has secured a major order from Oberoi Realty for the construction of seven high-rise residential towers in Gurugram, NCR. The scope includes RCC shell and core construction, along with earthworks and piling, to be completed within stringent timelines. In addition, L&T has won an order from a reputed international client to construct a proving ground facility in Haryana. The project is aimed at strengthening testing infrastructure for technologically advanced vehicles. The scope also includes finishing works and external development associated with the facility. The company said Larsen & Toubro's Buildings & Factories (B&F) business vertical has strong domain knowledge, proven expertise, and extensive experience in delivering EPC solutions across a wide range of segments, including hospitals, public spaces, airports, data centres, residential and commercial buildings, and factories. These also span specialised facilities such as automobile plants, proving tracks, new energy installations like solar and battery storage plants, as well as paint, chemical, glass, and food processing units, along with other complex industrial structures. L&T is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services, operating across multiple geographies. On a consolidated basis, L&T's net profit declined 4.27% year-on-year to Rs 3,215.11 crore in Q3 FY26, even as revenue from operations rose 10.48% to Rs 71,449.70 crore in Q3 FY26. Shares of Larsen & Toubro rose 0.56% to Rs 4,044.85 on the BSE.