Larsen & Toubro posted a net profit of ₹5,202 crore for the September quarter, a 32.5% jump over the ₹3,926 crore recorded a year earlier. Consolidated revenue climbed 16% to ₹78,750 crore, driven by strong performance in engineering and construction.
The engineering arm delivered ₹45,000 crore in revenue, up 18%, while the IT services division contributed ₹7,500 crore, a 12% rise. Power and infrastructure segments also outpaced expectations, each posting double‑digit growth.
Shares of L&T surged 1.8% in morning trade on Thursday, reflecting investor confidence amid the robust earnings. Analysts raised profit forecasts for the fiscal year, citing the company's expanding portfolio in renewable energy.
L&T's CEO Sanjay Gupta said the quarter's performance underscored the firm's resilience amid a volatile global market. He highlighted ongoing projects in Southeast Asia and the Middle East as key growth drivers.
The company will present its full‑year results on June 15, where market watchers anticipate a 10‑12% increase in net profit. L&T has also announced a share buyback program worth ₹1,000 crore, aiming to boost shareholder value.
Industry peers such as GMR Group and NTPC have reported similar gains, suggesting a wider resurgence in India's infrastructure sector. The RBI's recent policy shift on liquidity is expected to further energise capital flows.