Thursday, October 29, 2026

L&T gains after four days as power transmission and distribution vertical wins orders up to ₹5,000 crore

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Larsen and Toubro (L&T) shares snapped their four-day losing streak on Monday, March 3, as the company’s power transmission and distribution vertical said it won ‘large’ orders in India and overseas.L&T classifies orders in the ₹2,500 crore to ₹5,000 crore range as ‘large’.

In India, it won an order to implement 765 kV and 400 kV transmission line segments associated with a renewable energy zone in Uttar Pradesh.

Prior to this, it had also secured an order for turnkey construction of a 400 kV transmission line, meant for evacuation of power from a non-fossil fuel-based powerplant in south India.

In Saudi Arabia, the company won an order for a 380 kV gas insulated substation. The scope of work also includes the associated reactors and installation of hybrid gas-insulated substation bays.

In Abu Dhabi, the business secured an order to set up a new 220/330 kV grid station, along with the associated jobs.

The company said these are repeat orders from its power transmission and distribution vertical’s longstanding customers.The company reported a 14% increase in its December quarter net profit at ₹3,359 crore. The street had estimated the same to come in at ₹3,762 crore.

Its consolidated revenue increased 17% to ₹64,668 crore compared to the previous year. It was also higher than Street estimates of ₹63,750 crore.

Its international revenue of ₹32,764 crore comprised 51% of the total revenue.

Its EBITDA increased 8.6% to ₹6,255 crore compared to the previous year. However, it was lower than Street estimates of ₹6,636 crore. The company’s margin too contracted to 9.7% in the December quarter against the previous year’s 10.5%. It was lower than Street estimates of 10.4%>

The company said that it received its highest-ever quarterly orders of ₹1.16 lakh crore at the group level during the quarter, registering a substantial year-on-year growth of 53%

L&T shares gained 1.99% to hit an intraday high of ₹3,227 apiece on Monday, March 3. The stock later pared gains and was trading 0.2% up at ₹3,170.2 apiece at 11.50 am.

Also Read: Ola Electric said to cut over a thousand jobs to stem losses

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