Larsen & Toubro Achieves 39% Order Growth Amid Robust Financial Performance

Larsen & Toubro (L&T) announced a 15.6% rise in consolidated net profit for the September quarter, totaling Rs 3,926.09 crore, attributed to increased revenues. The company's year-ago net profit was Rs 3,395.29 crore, as per a regulatory filing.

The firm reported a 10% rise in consolidated revenue from operations, reaching Rs 67,983.53 crore during the July-September period, up from Rs 61,554.58 crore in the previous fiscal year. Orders worth Rs 2,10,237 crore were secured, reflecting a 39% year-on-year growth.

International orders form 59% of the order book, highlighting L&T's global reach. According to President and Wholetime Director R Shankar Raman, the Hyderabad metro stake divestment is set for completion between the current and next quarters. Chairman S N Subrahmanyan emphasized the company's robust performance in diverse sectors.