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Larsen & Toubro Limited is an Indian multinational company engaged in engineering, procurement, and construction (EPC) projects, hi-tech manufacturing and services. The company operates in over 50 countries and has manufacturing facilities in eight countries besides India. Its main business segments include Infrastructure Projects, Energy Projects, Hi-Tech Manufacturing, IT & Technology Services, Financial Services, and Development Projects. L&T provides EPC solutions for infrastructure, hydrocarbon, power, and green energy sectors. It also designs and manufactures custom engineered equipment for process plants, nuclear energy, and defense sectors. The company offers IT and integrated engineering services, including smart world and communication projects. L&T has a significant presence in financial services through its subsidiary L&T Finance Holdings. The company has a strong order book and has won numerous awards for its projects and safety practices.
In the news

Capital goods sector shows 11% growth with power, defence driving orders

L&T shifts strategy, bets on owning new-age assets

L&T Secures 13 Major Orders Since July, Signalling West Asia Revival

L&T secures ₹15,000+ crore gas compression project in West Asia

L&T's Dubai Airport APM Win: Strategic Leap or Complex Gamble?

L&T wins ₹2,500-5,000 crore Dubai airport APM contract

L&T buys ₹199 cr worth Nxt-Infra Trust units

SHANTI Act opens nuclear power to private players, tariff framework sought

L&T's Strategic Transformation: From EPC Execution to Technology Ownership

Market Movers: From IPO Frenzy to Margin Pressures

Market Movers: Zaggle's Margin Pain, Vikram's Solar Bet, and Dhoot's IPO Blockbuster

L&T's Rs 15,000 Crore ADNOC Order: Strategic Win or Risky Bet?

L&T's AI Infrastructure Gamble: The ₹10,000 Crore NVIDIA B300 Bet

L&T shares rise 1.18% on ₹15,000 crore AI factory order win

L&T transfers data centre business to Vyoma.AI for ₹1,400 crore

L&T joins India's race to build rare-earth magnet supply chain outside China

L&T's Drone Ambition: Threefold Growth Through Indigenous Tech

L&T Energy Hydrocarbon wins ₹5,000-10,000 cr ONGC orders
India Expands Semiconductor Ecosystem Amid AI-Driven Hardware Push

L&T’s ₹15,000 Crore ADNOC Gamble: Power, Profit, and Peril
Company insights, generated from the most recent coverage.
Record order book of ₹7.79 lakh crore provides 3.1x revenue visibility, supporting 12-15% growth trajectory over next 2-3 years.
Analyst consensus target price of ₹4,670 implies 14.3% upside, with 82.8% Buy ratings driven by order quality and margin expansion potential from high-tech international projects.
Ultra-mega Middle East contract (>₹15,000 Cr) drove 0.23-2% stock gains on announcement days, validating market confidence in L&T's hydrocarbon EPC execution capabilities.
The Quarter story
The two most recent quarterly results, compared side-by-side.
L&T sustains strong order momentum and profitability while improving leverage, though seasonal cash flows and asset quality need monitoring.
Order Book grew from ₹6,128 in Q1 FY26 to ₹7,790 in Q1 FY27 over five quarters — securing robust future revenue visibility
CRAR gradually declined from 20.68% in Q1 FY26 to 17.89% in Q1 FY27 over five quarters — warranting close monitoring of asset quality
Reported PAT improved from ₹36.2 in Q1 FY26 to ₹41.2 in Q1 FY27 over five quarters — demonstrating consistent profitability
Net cash from operations dropped from ₹62 in Q1 FY26 to ₹43 in Q1 FY27 over five quarters — highlighting seasonal working capital dynamics
Net Debt to Equity ratio declined from 0.64x in Q1 FY26 to 0.39x in Q1 FY27 over five quarters — reflecting improved leverage management
Operating profit moderated from ₹79.7 in Q4 FY26 to ₹59.3 in Q1 FY27 quarter-on-quarter — aligning with revenue seasonality
EBITDA margin recovered from 6.5% in Q4 FY26 to 11.5% in Q1 FY27 quarter-on-quarter — indicating easing margin pressure