The shares of this multinational conglomerate, which provides engineering, procurement, and construction (EPC) solutions in key sectors such as Infrastructure, Hydrocarbons, Power, process industries, defence, Information Technology, and Financial Services in both domestic and international markets, are in focus after it secured a major order. In this article, we will dive more into the details of it.
With a market capitalisation of Rs 5,70,089 crore, the shares of Larsen & Toubro Ltd reached a day’s high of Rs 4,163.75 per share (52-week high), up 0.6 percent from its previous day’s closing price of Rs 4,139.45 per share. Over the past five years, the stock has delivered a robust return of 220 percent, outperforming NIFTY 50’s return of 87 percent.
Larsen & Toubro (L&T) has been awarded several large contracts from Steel Authority of India Ltd (SAIL) for its Minerals and Metals division, totalling Rs 5,000 crore to Rs 10,000 crore, which L&T terms it as major order. The awards further strengthen L&T’s longstanding relationship with SAIL and reinforce its position as a leader in the development of steel and metal infrastructure in India.
The contracts relate to SAIL’s significant expansion and modernisation efforts. One major project is for an end-to-end EPC project for the primary process units located at the IISCO steel plant in West Bengal, where SAIL will be increasing its crude steel production from 2.5 MTPA to 6.5 MTPA. At the same time, L&T has secured the contract for SAIL’s 2nd Sinter Plant in Bokaro, Jharkhand, a key component to the feedstock entering blast furnaces via iron ore sinter.
In addition to the SAIL projects, L&T has also received orders for additional domestic projects from other clients to manufacture specialised material handling equipment, including stacker reclaimers and wagon tipplers. The order value is classified as “major” according to L&T, indicating the company’s proven track record in large-scale and complex metallurgical applications and its contribution towards expanding India’s steel-making capabilities.
The revenue from operations for Larsen & Toubro stands at Rs 67,984 crores in Q2 FY26 compared to Q2 FY25 revenue of Rs 61,555 crores, up by about 10 per cent YoY. Additionally, on a QoQ basis, it reported a growth of 7 percent from Rs 63,679 crore.
Coming down to its profitability, the company’s net profit stood at Rs 4,678 crore in Q2 FY26, up from Rs 4,099 crore in Q2 FY25, which is a growth of 14 percent YoY. Additionally, on a QoQ basis, it reported a net profit of Rs 4,318 crore, which is a growth of 4 percent.
As of 30 September 2025, the order book of the company stands at a strong level of Rs 6,67,000 crore, up by a significant 31 percent from the previous year. The order in terms of geography has a healthy mix of business, which stands at Rs 3,40,200 crore domestically and Rs 3,26,800 crore in the overseas segments. This healthy mix not only provides strength to the top line in the coming years but also makes the order book less dependent on geography.
Larsen & Toubro is one of India’s largest multinational companies and has been a company in business for over 80 years, with operations in over 50 countries, servicing EPC contracts and providing high-tech manufacturing and support services. The company utilises a complete design-to-delivery approach by utilising its experience in design, engineering, and the manufacturing of complex products. As it continues to expand globally and provide sustainable solutions to customers through a sustainable model of doing business, the company gains an advantage over competitors due to its global manufacturing footprint established in eight different countries.
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The post L&T Shares in Focus After It Secures Orders Worth Up to ₹10,000 Cr from SAIL and Other Clients appeared first on Trade Brains.