Larsen & Toubro: Riding High on Strong Q1 Performance and Strategic Diversification

Larsen & Toubro (L&T) reported a 29.8% rise in net profit for the June quarter, totaling Rs 3,617.19 crore, propelled by higher revenue from operations. The company's robust growth was outlined in a filing to the BSE.

The period from April to June saw consolidated revenue surge to Rs 63,678.92 crore, an increase from Rs 55,119.82 crore compared to last year. This marks a 16% year-on-year growth, attributed to efficient execution in key projects and its manufacturing portfolio.

Chairman and Managing Director S N Subrahmanyan highlighted record order inflows and continued success in L&T's strategic five-year Lakshya'26 plan. New ventures in semiconductors, data centers, and green energy are expected to bolster L&T's growth trajectory over the next five years.

(With inputs from agencies.)