L&T shares trade in green as arm bags multiple orders worth up to ₹2,500 crore; details here

Larsen & Toubro (L&T) shares were trading higher on Tuesday, May 26, as the firm’s subsidiary secured multiple significant orders worth between ₹1,000 crore and ₹2,500 crore.

“L&T GeoStructure, a wholly owned subsidiary of Larsen & Toubro, has recently secured multiple orders in India,” the firm said in a statement.

The deal includes the largest-ever piling orders, secured from JSW Utkal Steel Ltd — a subsidiary of JSW Steel — at the 10 MTPA Integrated Steel Plant at Paradeep, Odisha. L&T further said that the project spans nine major packages and involves critical structures such as the blast furnace, hot strip mill and steel melting shop, involving piling works of approximately 30 lakh running metres to be executed within a stringent timeline.

Further, the business has secured two separate orders from the Inland Waterways Authority of India (IWAI) for the engineering, procurement and construction of ship repair facilities (SRF) at Patna and Varanasi.

The infrastructure major said that the ship repair facilities, planned in Bihar and Uttar Pradesh respectively, will feature advanced ship lift and transfer systems, including an 800-tonne boat hoist, to support the repair and maintenance of inland vessels. The projects will significantly strengthen the inland water transport ecosystem along National Waterway-1 (River Ganga).

The business has also secured an order for the construction of India’s first yacht marina at Mumbai Harbour. “Awarded by the Mumbai Port Authority, the project will comprise an approach trestle, piled breakwater, service platforms, concrete pontoons and gangways to enable safe and efficient yacht operations. It is poised to position Mumbai as a global maritime tourism hub while advancing India’s broader blue economy ambitions,” L&T said.

As of March 31, 2026, the Group’s consolidated order book stood at an all-time high of ₹740,327 crore, reflecting a 28% growth over March 2025. International orders constituted 52% of the overall order book.

L&T share price

At 12:16 PM, L&T shares were trading at ₹4,046 apiece on the National Stock Exchange, rising 0.31%. Since the beginning of the year, L&T shares have lost over 2%, while on a year-over-year basis, they have jumped 11%.

The stock has touched an intraday high of ₹4,052.90 per share on Tuesday, rising 0.48% from the previous day’s closing. Its day’s low was at ₹4,014.20 per share.

Shares of the firm had hit a 52-week high of ₹4,440 on February 24, 2026, and a 52-week low of ₹3,288.10 on March 23, 2026.

The company has a total market capitalisation of ₹5.56 lakh crore, according to data from the NSE.

L&T Q4 earnings

Larsen and Toubro had reported a 3% decline in its consolidated net profit at ₹5,326 crore for the quarter ending March 31 of the financial year 2025-26. The firm had seen a profit of ₹5,497 crore in the same quarter of the previous fiscal year.

The company said the total consolidated PAT for the year of ₹16,084 crore includes a one-time material provision of ₹1,155 crore (net of tax & NCI) towards employee benefits arising from the implementation of the new labour codes, which has been classified under 'Exceptional Item'.

L&T’s revenue from operations for the quarter under review was at ₹82,762 crore, marking a growth of 11.3% from ₹74,392 crore reported in the fourth quarter of FY25. The firm’s international revenues stood at ₹43,747 crore, contributing 53% of the total revenue.

For Q4 FY26, the company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) jumped 5% year-on-year (YoY) to ₹8,610 crore as against ₹8,202 crore in Q4 FY25. Its margin contracted at 10.4% in contrast to 11.03% YoY.