Synopsis:
L&T secures Rs. 5,000-10,000 crore orders, including Bengaluru IT Park and Mumbai mixed-use project, boosting investor confidence.
The engineering and construction stock was in focus after announcing that its Buildings & Factories vertical has won high-value orders in India worth Rs. 5,000-10,000 crore. The wins include one of Bengaluru’s largest proposed IT Parks and a major mixed-use development in Mumbai, showcasing L&T’s expertise in executing large-scale, complex commercial projects on tight timelines and with sustainability features.
Larsen & Toubro Ltd, with a market capitalization of Rs. 5,07,992.83 crore, opened at Rs. 3,685 and reached a high of Rs. 3,702.40 against a previous close of Rs. 3,670.15, marking an intraday rise of approximately 0.88 percent.
What’s the News?
Larsen & Toubro’s Buildings & Factories (B&F) vertical has bagged significant orders in India, reflecting its leadership in large-scale infrastructure projects. The company secured a major contract from a reputed MNC to develop one of Bengaluru’s largest proposed IT Parks, spanning 5.9 million sq. feet on a Lumpsum Turnkey basis, to be delivered in two phases.
The project comprises six towers (Towers 1–6) with 14 storeys each (3-floor common basement + Ground + 10 Floors + Terrace), offering A-grade office space designed as warm shell units with USGBC New Building – Platinum LEED Certification.
The scope encompasses civil structures, unitized façade glazing, architectural lighting, finishes, electromechanical services (including FPS, electrical, HVAC, PHE, elevators & escalators, and ELV systems), GIS substation, Solar PV installation, LPG gas bank, WTP, STP, underground tanks, stack parking, along with extensive landscaping, hardscaping, and irrigation works.
In addition, L&T has won an order from a reputed developer to execute a mixed-use development in Mumbai, scheduled for completion within 45 months. Together, these projects are valued between Rs. 5,000-10,000 crore, underscoring L&T’s proven expertise in delivering complex, high-value commercial and office space developments on schedule.
Financial Snapshot
On a quarter-on-quarter basis, L&T recorded a decline in sales from Rs. 74,392 crore to Rs. 63,679 crore, down 14.4 percent. Operating profit fell from Rs. 9,876 crore to Rs. 8,024 crore, a decline of 18.7 percent, while PBT dropped from Rs. 8,014 crore to Rs. 5,860 crore, down 26.9 percent. Net profit declined from Rs. 6,156 crore to Rs. 4,318 crore, a fall of 29.9 percent.
Year-on-year, sales rose from Rs. 55,120 crore to Rs. 63,679 crore, an increase of 15.5 percent. Operating profit grew from Rs. 7,046 crore to Rs. 8,024 crore, up 13.9 percent, PBT increased from Rs. 4,677 crore to Rs. 5,860 crore, a rise of 25.3 percent, while net profit improved from Rs. 3,445 crore to Rs. 4,318 crore, up 25.3 percent.
About the Company
Larsen & Toubro (L&T), incorporated in 1946, is an Indian multinational company specializing in engineering, procurement & construction (EPC) projects, high-tech manufacturing, and services, with operations in over 50 countries. The company operates across high-impact sectors, providing end-to-end capabilities from design to delivery. L&T manufactures and distributes construction and mining equipment and products for electricity distribution and control. It also provides finance services including rural, wholesale, housing, and infrastructure finance, general insurance, and advisory services. Its operations extend to the Middle East and North Africa, South East Asia, and Europe.
Written by Manan Gangwar
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