L&T Realty to list on bourses soon? Here is what is known so far

When asked whether the green business could also be listed in the future, he was cautious.

“Too early. We must think about the sustainability of the business, the environment in which the business operates, the kind of people that you have there, all that goes into consideration before you list, and the kind of fund infusion that is required as often as possible. L&T Green is nowhere near all that,” said Subrahmanyan.

Established in 2011, L&T Realty is the real estate arm of the $23 billion Larsen and Toubro and one of the leading real estate developers in India. With an extensive portfolio spanning 6.50 million square metres (i.e., 70 mn sq ft) across residential, commercial and retail developments, the company is currently present in Mumbai, Navi Mumbai, NCR, Bengaluru, Hyderabad and Chennai.

It must be noted that shares of Raymond Realty, the demerged realty arm of Raymond Ltd, made their debut on the bourses on Tuesday, July 1, 2025.

The stock on the NSE debuted at ₹1,000 against the discovered price of ₹1,039.30. Moreover, the scrip witnessed further pressure after listing. Last seen, shares were trading at ₹985 apiece on the NSE.

Recently, Raymond Realty said it would launch six residential projects this fiscal year in the Mumbai Metropolitan Region with an estimated revenue potential of about ₹14,000 crore as the company looks to expand the property business amid strong demand.

The demerger will position Raymond Realty to pursue its growth trajectory as an independent pure-play real estate business.

The company's CEO, Harmohan Sahni, in an interview with PTI, highlighted that the company has a huge land bank in the Mumbai Metropolitan Region (MMR).

Earlier in August 2025, Larsen & Toubro (L&T) sold 19.75 lakh units of TVS Infrastructure Trust for ₹20 crore through an open market transaction.

The units were offloaded at an average price of ₹101.26 per unit.

Meanwhile, Allanzers Fin Net Pvt Ltd bought an equal number of units of TVS Infrastructure Trust at the same price, as per the bulk deal data on the NSE.

The units of TVS Infrastructure Trust fell 1.45% to close at ₹101.26 per unit on the exchange.

L&T Q1 FY26 results

Larsen & Toubro, the country's largest infrastructure developer, on Tuesday, July 29, reported a net profit of ₹3,617 crore in the first quarter of the current financial year (Q1FY26), marking an increase of 30% from ₹2,786 crore in the same period last year.

The Mumbai-based company's revenue from operations advanced 15% to ₹63,679 crore in Q1 from ₹55,120 crore in the year-ago period.

Its operating profit margin, however, slipped 30 basis points to 9.92% from 10.2% in the year-ago period.

In the first quarter of the current financial year, Larsen & Toubro received orders worth ₹94,453 crore at the group level.