Overview
- Larsen & Toubro reported consolidated PAT of Rs 3,926 crore for Q2 with revenue up 10% to Rs 67,984 crore.
- New orders of Rs 1,15,784 crore in the quarter lifted the consolidated order book to a record Rs 6,67,047 crore.
- L&T, partnering with Hitachi Energy, was nominated by TenneT to deliver HVDC converter stations for North Sea offshore wind integration.
- Standalone results reflected a Rs 5,413 crore impairment on the Hyderabad Metro investment, leading to a standalone net loss of Rs 3,591 crore.
- Management said it expects to close the Hyderabad Metro stake sale to the Telangana government between this quarter and the next, kept FY26 revenue growth guidance at 15%, signaled beating prior order inflow guidance, and saw shares rise up to 2.6% intraday.