Larsen & Toubro (L&T), India's leading engineering and construction conglomerate, has reported robust financial results for the first quarter, demonstrating strong growth across key parameters.

Financial Highlights

L&T achieved consolidated revenues of ₹63,679.00 crore for the quarter, registering a year-on-year growth of 16%. The company's Consolidated Profit After Tax (PAT) stood at ₹3,617.00 crore, marking a significant 30% increase compared to the same period last year.

The company received orders worth ₹94,453.00 crore at the Group level during the quarter, representing a robust 33% year-on-year growth. International orders constituted 52% of the total order inflow, amounting to ₹48,675.00 crore.

L&T's consolidated order book stood at ₹612,761.00 crore, growing 6% over the previous quarter, with international orders accounting for 46% of the total.

Segment Performance

Infrastructure Projects

The Infrastructure Projects segment secured orders worth ₹41,024.00 crore, showing a moderate 2% growth. Customer revenues for this segment were ₹28,757.00 crore, up 7% year-on-year.

Energy Projects

This segment witnessed exceptional growth, securing orders valued at ₹31,420.00 crore, more than doubling its performance compared to the previous year. Customer revenues stood at ₹12,470.00 crore, registering a robust 47% year-on-year growth.

Hi-Tech Manufacturing

While order inflow declined by 49% to ₹1,889.00 crore, customer revenues surged by 75% to ₹3,227.00 crore, driven by improved execution in both Heavy Engineering and Precision Engineering & Systems businesses.

IT & Technology Services

The segment recorded customer revenues of ₹12,619.00 crore, showing a 10% year-on-year growth.

Major Order Win

In a separate announcement, L&T's Hydrocarbon Offshore business vertical secured an ultra-mega order from a prestigious client in the Middle East. The order, valued at over ₹15,000.00 crore, includes multiple offshore packages for engineering, procurement, construction, and installation of offshore structures, along with upgradation of existing facilities.

Management Commentary

S.N. Subrahmanyan, Chairman and Managing Director of L&T, commented on the results: "This quarter we have performed well across all financial parameters. At a Group level, we registered once again, the highest order inflow for Q1 ever. Besides improved performance on all P&L parameters, the return ratios have also moved higher."

He added, "The record order book of ₹6 lakh crore+ is a testimony of our proven expertise in the domains of engineering, construction, manufacturing, and project management. This being a terminal year of our Lakshya'26 five-year plan, I am pleased to say that so far, our journey in the last four years has been good and we are on track to achieve/surpass the specified targets across all financial parameters."

Outlook

L&T remains focused on sustained execution of its large order book, scaling up new businesses, and capitalizing on emerging opportunities. The company continues to pursue its objective of delivering profitable growth through its diverse business portfolio and multi-geography presence.

With a strong start to the quarter and a significant ultra-mega order win in its Hydrocarbon Offshore business, L&T appears well-positioned for continued growth and success in the coming quarters.

Larsen & Toubro (L&T), India's leading engineering and construction conglomerate, has demonstrated robust performance in the first quarter, while also securing a significant new order in its hydrocarbon offshore business.

Q1 Financial Highlights

L&T reported impressive growth across key financial parameters for the quarter ended June 30:

• Consolidated revenue surged 16% year-over-year to ₹63,679.00 crore
• Consolidated net profit jumped 30% to ₹3,617.00 crore
• EBITDA increased 13% to ₹6,318.00 crore
• Order inflow grew 33% to ₹94,453.00 crore

The company's order book stood at a record ₹612,761.00 crore as of June 30, representing a 6% increase from March.

Segment Performance

Infrastructure Projects

This segment secured orders worth ₹41,024.00 crore, with international orders constituting 69% of the total. Customer revenues grew 7% to ₹28,757.00 crore.

Energy Projects

The segment saw a remarkable growth in order inflow, exceeding 100% year-over-year to reach ₹31,420.00 crore. Customer revenues surged 47% to ₹12,470.00 crore.

Hi-Tech Manufacturing

Despite a 49% decline in order inflow, the segment's customer revenues grew 75% to ₹3,227.00 crore.

IT & Technology Services

Revenues in this segment increased 10% to ₹12,619.00 crore.

Ultra-Mega Order Win

In a separate announcement, L&T revealed that its Hydrocarbon Offshore business vertical has secured an ultra-mega order from a prestigious client in the Middle East. The order, valued at over ₹15,000.00 crore, includes multiple offshore packages for engineering, procurement, construction, and installation of offshore structures, as well as upgradation of existing facilities.

Management Commentary

S.N. Subrahmanyan, Chairman and Managing Director of L&T, commented on the results: "This quarter we have performed well across all financial parameters. At a Group level, we registered once again, the highest order inflow for Q1 ever. Besides improved performance on all P&L parameters, the return ratios have also moved higher."

He added, "Our new-age businesses like Semiconductor, Data Centers, Green Energy and Digital Platforms have been successfully incubated in the current strategic plan and we expect these businesses to contribute meaningfully over the next 5 years."

Outlook

L&T remains focused on sustained execution of its large order book, scaling up new businesses, and capitalizing on emerging opportunities. The company continues to pursue its objective of delivering profitable growth through its diverse business portfolio and multi-geography presence.

With a strong start to the fiscal year and a significant ultra-mega order in its hydrocarbon offshore business, L&T appears well-positioned to maintain its growth trajectory in the coming quarters.