Synopsis:
Larsen & Toubro’s Power Transmission & Distribution vertical has won multiple high-value grid infrastructure orders in the Middle East. Orders are valued between Rs. 2,500 crore and Rs. 5,000 crore, supporting the region’s renewable integration and electricity demand growth.
A leading engineering and infrastructure stock, remained steady as it announced significant Middle East orders, reflecting strong international demand for its transmission and distribution capabilities.
Larsen & Toubro Ltd, with a market capitalization of Rs. 5,16,988.97 crore, opened at Rs. 3,782.95, touched a high of Rs. 3,783.30, and previously closed at Rs. 3,783.30, marking a marginal intraday increase of 0.01 percent from the previous close.
What’s the News?
The Power Transmission & Distribution (PT&D) vertical of L&T has secured multiple grid infrastructure orders in the Middle East. The 400kV super grid interconnection that links GCC member states has been instrumental in optimizing generation capacity and enhancing overall grid resilience.
Previously, Oman’s network was connected to this grid through the UAE at 220kV. L&T has now won a contract to engineer, procure, and construct a 400kV substation in the UAE to establish a direct interconnection at the 400kV level.
Additionally, L&T has received an order for building new 132kV substations across the Middle East to meet growing electricity demand. In Saudi Arabia, the company has been awarded a turnkey project for 380 kV overhead transmission lines aimed at integrating renewable energy power plants into the national grid. The combined order value is estimated between Rs. 2,500 crore and Rs. 5,000 crore.
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Financial Snapshot- Q1 Summary
Quarter-on-Quarter (QOQ) Performance, L&T’s consolidated sales declined from Rs. 74,392 crore to Rs. 63,679 crore, down 14.45 percent. Operating profit fell from Rs. 9,876 crore to Rs. 8,024 crore, a decline of 18.72 percent. PBT decreased from Rs. 8,014 crore to Rs. 5,860 crore, down 26.87 percent, while net profit dropped from Rs. 6,156 crore to Rs. 4,318 crore, a fall of 29.89 percent.
Year-on-Year (YOY) Performance, Compared to the same quarter last year, sales rose from Rs. 55,120 crore to Rs. 63,679 crore, up 15.55 percent. Operating profit increased from Rs. 7,046 crore to Rs. 8,024 crore, a growth of 13.91 percent. PBT improved from Rs. 4,677 crore to Rs. 5,860 crore, up 25.32 percent, and net profit grew from Rs. 3,445 crore to Rs. 4,318 crore, a jump of 25.32 percent.
About the Company
Larsen & Toubro is anIndian multinational that specializes in engineering, procurement, and construction projects, high-tech manufacturing, and services across diverse geographies. With eight decades of industry presence, L&T has maintained leadership in its core businesses through a customer-centric approach and consistent focus on top-quality execution.
Written By Manan Gangwar
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