L&T shares surge over 6% on strong Q2 numbers; order inflows rise 28%

Larsen & Toubro (L&T), the largest engineering, procurement, and construction (EPC) major in India, was trading with impressive gains in the early trade on Wednesday, October 28, following a strong set of earnings for the September quarter (Q2 FY27).

The stock jumped as much as 6.24% to the high of ₹3,894.00 on the NSE. At 09:43 AM, the scrip traded at ₹3,824.00, up 4.34%.

The company on Tuesday reported a 32.5% rise in consolidated net profit to ₹5,202.10 crore for the quarter ended September 2026, driven by higher revenue.

The company had posted a consolidated net profit of ₹3,926.09 crore in the year-ago period.

L&T achieved consolidated revenue of ₹78,750 crore for the reporting quarter, up 16% year-on-year (YoY), driven by accelerated progress across its businesses, the company said in a statement.

Orderbook details

The company secured orders worth ₹1,47,665 crore, registering a YoY growth of 28% for the quarter.

International orders stood at ₹92,375 crore, contributing 63% to the total order inflow.

The Group's consolidated order book as of September 30, 2026, was ₹8,53,514 crore.

What top officials said

"The company has delivered a strong quarter in an everchanging geopolitical landscape. This performance reflects continued customer confidence and our ability to secure large and complex orders across sectors and geographies," said Chairman and Managing Director S N Subrahmanyan.

"We achieved yet another record quarterly order inflow. Focused execution across our projects, products & manufacturing businesses supported higher revenue growth. The highest ever order book at Rs 8.5 lakh crore provides multi-year revenue visibility," the MD added.

L&T is well positioned to sustain this growth momentum and will continue to invest in innovation, digital capabilities, and technology-led businesses to drive growth and create long-term value for stakeholders, he said.

R Shankar Raman, company's President and Whole-Time Director-Finance said during a media briefing that L&T sees nearly Rs 10 lakh crore worth of prospects in pipelipe.

"An assessment of the pipeline as of September 30 indicates nearly Rs 10 lakh crore worth of prospects," Raman said.

What analysts said

CLSA remains bullish on L&T. The investment firm noted that engineering and construction (E&C) execution grew 22% year-on-year despite disruptions in West Asia.

The company's West Asia and India businesses grew 26% and 16%, respectively. L&T has retained its FY27 guidance of 10–12% growth in orders and execution, with margins expected to remain flat.