The shares of India’s leading engineering and construction company, specializing in EPC projects, and high-tech manufacturing turned green on Wednesday after bagging an ultra mega order of over Rs 15,000 crores from QatarEnergy LNG
Stock Performance
With a market capitalization of Rs 4.8 lakh crore, Larsen & Toubro Ltd rose 1 percent in Wednesday’s trading session to an intraday high of Rs 3,495.70 per share compared to its previous closing price of Rs 3,469.70 per share.
What Happened
Larsen & Toubro’s Hydrocarbon Business (LTEH) has secured its largest-ever single contract from QatarEnergy LNG. This Ultra Mega Contract is for the North Field Production Sustainability Offshore Compression Project (NFPS COMP 4).
The project includes engineering, procurement, fabrication, installation, and commissioning of two offshore compression complexes with platforms for compression, power generation, living quarters, flare systems, and interconnected structures, located 80 km off Qatar’s northeast coast.
Management Commentary
S N Subrahmanyan, Chairman & Managing Director- L&T commented “This prestigious project strengthens our global energy portfolio while supporting Qatar’s energy security objectives. I thank QatarEnergy LNG for placing their trust in L&T to deliver this complex and strategically important project.”
Company Overview
Larsen & Toubro (L&T) is India’s leading engineering and construction company, specializing in EPC projects, high-tech manufacturing, and services. Its core operations span across infrastructure, heavy engineering, defense engineering, power, hydrocarbons, and various service-based businesses.
Orderbook Analysis
In Q3 FY25 alone, Larsen & Toubro Ltd saw an order inflow of over Rs 1 lakh crore. This value is 53 percent higher than what it was the previous year and notably is also the highest ever order inflow in a quarter. Most of these were large orders across Infrastructure, Energy and Hi-Tech Manufacturing segments.
Financial Performance
In the latest quarter, the company reported a 17 percent growth in its revenue from Rs 55,128 crore in Q3 FY24 to Rs 64,668 crore in
Q3 FY25. This was accompanied by a 11 percent increase in net profits from Rs 3,593 crore to Rs 3,974 crore during the same period.
Written by Shwetha Sairam
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