L&T
L&T smashes records! ₹1.35 Lakh crore orders in a single quarter—biggest ever order book surpasses ₹7 lakh crore
Larsen & Toubro Ltd secured orders worth ₹ 135,581 crore, reflecting a y-o-y growth of 17% for the quarter ended December 31, 2025.
The quarter’s order inflow spanned multiple geographies and set of diverse sectors including, Thermal Power, Hydrocarbons, Renewable Infrastructure, Transmission & Distribution and Roads & Runways. International orders stood at ₹ 66,848 crore, contributing 49% to the total order inflow.
For the nine months ended December 31, 2025, the Company recorded consolidated order inflows of ₹ 345,818 crore, registering a y-o-y growth of 30%.
The strong performance was driven by several high-value order wins across Public Spaces, Commercial Buildings, Roads & Runways, Metro, Hydel & Tunnel, Transmission & Distribution, Renewables, Ferrous & Non-Ferrous Metals, Thermal BTG, and the Hydrocarbon businesses. International orders stood at ₹ 191,084 crore, contributing 55% of the total order inflow.
The group’s consolidated order book as on December 31, 2025, stood at ₹ 733,161 crore, reflecting a 30% growth over December 2024. International orders constituted 49% of the overall order book.
The company for the quarter ended December 31, 2025, reported consolidated revenues of ₹ 71,450 crore, a y-o-y growth of 10%, driven by steady execution progress across the various businesses within the Projects & Manufacturing (P&M) portfolio. International revenues were ₹ 38,775 crore, constituting 54% of total revenues.
For the nine months ended December 31, 2025, the Company reported consolidated revenues of ₹ 203,112 crore, reflecting a y-o-y growth of 12%. International revenues stood at ₹ 109,991 crore, contributing 54% of the Company’s total revenues.
The company posted a Recurring Profit After Tax (PAT) of ₹ 4,406 crore for the quarter ended December 31, 2025, registering an y-o-y growth of 31%.
The total Consolidated PAT for the quarter at ₹ 3,215 crore includes a one-time material provision of ₹ 1,191 crore (net of tax & NCI) towards employee benefits arising from the implementation of the new labour codes which has been classified under Exceptional Items.
Similarly, for the nine months ended December 31, 2025, the Recurring PAT stood at ₹ 11,949 crore, registering a growth of 25% y-o-y basis.
Commenting on the results, S N Subrahmanyan, Chairman and Managing Director, said: “We have witnessed another landmark quarter for the Company as we posted our highest ever quarterly order inflow. For the first time, the quarterly order inflow in our Projects & Manufacturing (P&M) portfolio has exceeded the ₹ 1 lakh crore mark - a clear reflection of our capabilities and the inherent strength of our business model.
"Consequently, the order book of the Company has surpassed the ₹ 7 lakh crore mark. This growth is driven by our unwavering commitment to provide sustainable execution, leveraging cutting-edge technology and seamlessly integrating ESG principles into our business framework."
Looking ahead, we remain optimistic that pro-growth momentum will be maintained in the eco-system through sustained capital expenditure. We expect additional policy thrust to strengthen domestic manufacturing and fiscal incentives to support the deepening of India’s digital and AI ecosystem."
"As we scale up, we remain committed to deliver technology-led growth and create long-term value for our stakeholders."
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