Larsen & Toubro transfers realty business to L&T Realty Properties; stock slips intraday, rises 9% YTD

The development marks the beginning of a phased consolidation of all real estate assets and undertakings of Larsen & Toubro (L&T).

The approval on the same was given by the board through a slump sale via a scheme of arrangement. However, it is subject to requisite regulatory approvals.

"L&T Realty needs to perform independently. It has to continuously expand its project pipeline through proactive land bank growth and joint developments. This requires periodic capital infusion, and therefore, it is essential to bring all our real estate operations under a singular corporate structure and bolster L&T Realty's position as a unified brand for real estate," said Chairman & Managing Director S N Subrahmanyan.

L&T established its Realty BU in 2007 to convert owned land parcels into residential and commercial developments. In 2011, the company founded L&T Realty as a wholly owned subsidiary to develop both L&T land holdings and joint-venture opportunities with leading partners.

L&T share price

At 11:09 AM, shares of L&T were trading at ₹3,989.80 apiece on the National Stock Exchange, falling 0.17%.

Over a week’s time, L&T shares have fallen 1%, while for a month’s time, they have surged 2%. The stock has zoomed more than 8% in 6 months. Since the beginning of 2025, L&T shares have rallied 9%.

Shares of the firm had hit a 52-week high of ₹4,140 on November 27, 2025, and a 52-week low of ₹2,965.30 on April 7, 2025.

The company has a total market capitalisation of ₹5.49 lakh crore, according to data on the NSE.

L&T Q2 earnings

Larsen and Toubro had reported a 15.6% increase in its consolidated net profit at ₹3,926 crore for the quarter ending September 30 of the financial year 2025-26. The infrastructure major had seen a profit of ₹3,395 crore in the same quarter of the previous fiscal year.

L&T’s revenue from operations for the quarter under review was at ₹67,984 crore, marking a growth of 10.4% from ₹61,555 crore reported in the fourth quarter of FY25.

For Q2 FY26, the company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) jumped 7% year-on-year (YoY) to ₹6,807 crore as against ₹6,362 crore in Q4 FY24. Its margin was almost flat at 10.1% in contrast to 10.3%.

The company had secured orders worth ₹210,237 crore, registering YoY growth of 39% for the half-year ended September 30, 2025.

The consolidated order book of the Group as of September 30, 2025, was at ₹667,047 crore, a growth of 15% over March 2025. International orders comprise 49% of the order book.