Larsen and Toubro
Engineering and construction giant Larsen & Toubro (L&T) has presented excellent results in the September quarter (Q2). The company’s consolidated net profit increased by 16% year-on-year to ₹3,926 crore, while revenue increased by 10% to ₹67,984 crore. The company’s EBITDA in this quarter stood at ₹6,806 crore, which is 7% more than last year, although the margin declined slightly to 10%.
Company Chairman and MD S. N. Subramanian said, our strong performance in all sectors clearly shows that L&T is maintaining its leadership in the EPC (Engineering, Procurement, Construction) sector. Our ability to win big deals is proof of this.
Record orders received in the quarter
L&T received new orders worth ₹1.15 lakh crore in this quarter, which is 45% more than last year. The company received large orders from public space, data centre, commercial buildings, metro, hydro power, tunnel, transmission and distribution, renewables and hydrocarbon sectors (both offshore and onshore). Of this, international orders were worth ₹75,561 crore, which is 65% of the total order book. By September 2025, the company’s total order book has reached ₹6.67 lakh crore, which is 15% more than March 2025.
Infrastructure Segment
This segment secured orders worth ₹52,686 crore, which is 6% more than last year. Revenue, however, declined 1% to ₹31,759 crore as progress on water projects remained slow and was impacted by the prolonged monsoon. The EBITDA margin of this segment was 6.3%.
Energy Segment
Energy business received orders worth ₹38,156 crore, which is more than double compared to last year. The main reason for this was large onshore and offshore projects in the hydrocarbon sector. Segment revenue grew 48% to ₹13,082 crore. However, EBITDA margin stood at 7.3%, which is slightly less than last year’s 8.9%.
Hi-Tech Manufacturing
This segment received orders worth ₹2,582 crore, which is 34% lower as some orders were postponed. Nevertheless, its revenue increased by 33% to ₹2,754 crore. Export orders constituted 18% of the total.