Larsen & Toubro (L&T) reported a significant jump in business performance for the quarter ended June 30, 2025, as consolidated orders reached ₹94,453 crore, registering a 33% year-on-year increase. The robust growth was backed by a surge in orders across sectors such as thermal power, renewables, transmission & distribution, hydropower, hydrocarbons, and real estate. International orders played a crucial role, contributing ₹48,675 crore, or 52% of total inflows.
The company’s consolidated order book reached ₹6,12,761 crore as of June 30, 2025, reflecting a 6% rise over March 2025. International contracts formed 46% of the backlog. Revenue during the quarter stood at ₹63,679 crore, a 16% year-on-year growth, largely driven by the Projects & Manufacturing division. Overseas revenue came in at ₹32,994 crore, maintaining a balanced 52% share of the total revenue mix.
Net profit for the first quarter stood at ₹3,617 crore, up 30% from the same period last year. Chairman and Managing Director S.N. Subrahmanyan stated that the company posted its best-ever Q1 performance in terms of order inflow. He emphasized improved profitability and rising return ratios as indicators of continued operational strength and strategic foresight.
The Infrastructure Projects vertical booked ₹41,024 crore in new contracts, showing a modest 2% growth year-on-year. However, global markets drove the segment, with 69% of its new orders coming from international clients. Key wins were in the renewable and transmission sectors. Segment revenue reached ₹28,757 crore, rising 7% from last year, with overseas contributions at 40%. EBITDA margin remained steady at 5.7%.
The Energy Projects segment saw significant traction, reporting ₹31,420 crore in orders—more than double compared to the previous year. These included multiple contracts in the CarbonLite Solutions area. International orders made up 24% of the segment’s intake. Revenues for the quarter surged 47% to ₹12,470 crore, powered by accelerated execution in overseas hydrocarbon projects. International clients contributed 71% of the segment’s revenue. Segment EBITDA margin stood at 7.3%, slightly lower than last year’s 8.7% due to varying execution stages of projects.
Hi-Tech Manufacturing saw muted new order inflow at ₹1,889 crore, down 49% year-on-year due to a strong base in the prior year’s Precision Engineering & Systems performance. However, export orders continued to contribute meaningfully at 52%. The order book for this division stood at ₹39,162 crore, with 12% comprising international projects.
Despite subdued order wins, Hi-Tech Manufacturing posted strong execution performance, with revenues climbing 75% year-on-year to ₹3,227 crore. This uptick was supported by higher output across Heavy Engineering and Precision Systems units. Exports formed 25% of the revenue base during the quarter, reaffirming the company’s growing presence in overseas markets.
Larsen & Toubro, a USD 30 billion diversified engineering and infrastructure conglomerate, continues to reinforce its leadership across EPC, manufacturing, and services. With an established global footprint and a focus on high-quality execution, the company remains poised to capitalize on emerging opportunities across its core markets.
