Established in: 1946
Managing director: S N Subrahmanyan
Larsen & Toubro Limited (L&T) is an Indian multinational conglomerate, headquartered in Mumbai. The company operates in diverse sectors, including engineering, industrial technology, heavy industry, construction, manufacturing, power, information technology, financial services and defence.
Larsen & Toubro Ltd launched its IPO and went public in June 2003, listing on both BSE and NSE. The company has a face value of ₹2 per share due to a stock split in June 2004. The company is a major constituent of the BSE Sensex and NSE Nifty 50 indices.
History of Larsen & Toubro Limited
Larsen & Toubro was originally founded in 1938 through an oral agreement between Hnening Holck-Larsen and Søren Kristian Toubron. The company was legally incorporated in 1946.
Post-World War II, the company was allowed to repair, refit and degauss ships, which led to the formation of Hilda Ltd. Larsen & Tourbro entered the field of installation by undertaking the construction of a soda ash plant for the Tata Group. In the following years, the company incorporated various subsidiaries dedicated to construction and manufacturing equipment.
In 1985, Larsen & Toubro Ltd partnered with the Defence Research and Development Organisation (DRDO) to design and develop programmes. In 1994, Larsen & Toubro Ltd entered the financial services sector and established a subsidiary called L&T Finance.
In 2015, the company started developing commercial, retail and office spaces in Hyderabad and entered the IT sector by acquiring the controlling stake in an IT service company called Mindtree.
By 2024, L&T became India’s largest private sector defence manufacturing company in terms of revenue. The company entered the space business and is currently scaling up the manufacturing of space launch vehicles, satellites and deep space exploration equipment.
Business Segments of Larsen & Toubro Limited
The following are the business segments of Larsen & Toubro Limited.
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Infrastructure Projects
The company has a dedicated subsidiary which undertakes large-scale engineering and infrastructure projects such as building, factories, transportation infrastructure, power distribution, water treatment and material handling
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Energy Projects
This business segment focuses on Engineering, Procuring and Construction (EPC) solutions and undertakes Hydrocarbon engineering, power plant construction and green energy projects.
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Manufacturing
This segment specialises in engineering and manufacturing defence weapons, equipment for industries and construction, mining machinery, and industrial valves.
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IT Services
This business segment focuses on offering IT consulting, digital solutions, engineering and R&D services for various industries.
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Financial Services
L&T Finance Ltd offers a wide range of financial services and products, including rural and housing finance, infrastructure finance, investment management, and corporate loans.
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Development Projects
This segment focuses on concession projects such as building toll roads, ports, and metro rail systems, along with developing real estate infrastructure and shipyard operations.
Subsidiaries and Joint Ventures of Larsen & Toubro Limited
The following are the major subsidiaries and joint ventures of Larsen & Toubro Limited across different sectors.
- LTMindtree Limited
- L&T Technology Services Limited
- L&T Realty Limited
- L&T Hydrocarbon Engineering Limited
- L&T Vavlves Limited
- L&T Geostructure Private Limited
- L&T Infrastructure Engineering Limited
- L&T Shipbuilding Limited
- L&T Finance Limited
- L&T Special Steel and Heavy Forgings Pvt. Ltd: A joint venture between L&T and the Nuclear Power Corporation of India Limited (NPCIL).
Awards & Recognition
The following are the awards and recognition received by Larsen & Toubro Limited for their excellence.
- Best CEO - Urban Visionary Award by Business Today.
- Manufacturing Enterprises - Large Trophy at the CFBP Jamnalal Bajaj Awards.
- Golden Peacock Award for Corporate Social Responsibility for community development programmes.
- India CSR Investment in Sustainability Award
- Great Place to Work Certification.
- Tier III Certification for the Constructed Facility for L&T’s Panvel-I Data Centre in Maharashtra by Uptime Institute.
Larsen & Toubro Financial Highlights
- Revenue: Larsen & Toubro reported revenue of ₹2,91,635.04 crore in FY26 vs ₹2,59,859.27 crore in FY25. It showed an increase of 12.23% on a yearly basis.
- Operating Profit: Larsen & Toubro reported an operating profit of ₹25,975.81 crore in FY26 vs ₹23,578.79 crore in FY25. It showed an increase of 10.17% on a year-on-year basis.
- Net Profit: Larsen & Toubro reported a net profit of ₹19,159.40 crore in FY26 vs ₹17,687.39 crore in FY25. It showed an increase of 8.32% on a yearly basis.
Larsen & Toubro Quarterly Result Highlights
- Larsen & Toubro reported revenue of ₹84,340.75 crore in Mar 2026, compared with ₹72,890.74 crore in Dec 2025, representing an increase of 15.71% on a quarter-on-quarter (QoQ) basis.
- Larsen & Toubro reported an operating profit of ₹8,410.28 crore in Mar 2026, compared with ₹5,369.89 crore in Dec 2025, representing an increase of 56.62% on a quarter-on-quarter (QoQ) basis.
- Larsen & Toubro reported a profit of ₹6,317.53 crore in Mar 2026, compared with ₹3,829.23 crore in Dec 2025, reflecting an increase of 64.98% on a QoQ basis.
- The earnings per share (EPS) of Larsen & Toubro stood at ₹116.93 during Mar 2026.
