Written by Larsen & Toubro (L&T) reported a strong performance for the first quarter of FY26, with consolidated net profit rising 29.8% year-on-year (YoY) to ₹3,617.19 crore. The robust growth was driven by healthy execution across key infrastructure and engineering projects. Revenue for the quarter rose 15.53% YoY to ₹63,678.92 crore.
The company’s order book crossed the ₹6 trillion mark for the first time, reflecting a strong pipeline of domestic and international projects. A notable boost came from a major hydrocarbon offshore order, which enhanced L&T’s global footprint and bolstered its position in new-age businesses.
Following the results, L&T shares surged 4.4% as investor sentiment turned positive. Multiple brokerages responded by raising their target prices. Out of 19 analysts covering the stock, 17 maintained a “Buy” rating, citing strong revenue growth, order inflow, and execution capabilities.
Motilal Oswal reiterated its Buy rating on L&T, with a raised target price of ₹4,200, highlighting the company’s healthy Q1 performance and robust project pipeline as key positives.
The strong earnings report reinforces L&T’s position as a bellwether in India’s infrastructure and capital goods sector, signaling confidence in the company’s long-term growth trajectory.