New Delhi, July 30 -- Larsen & Toubro Ltd (L&T) investors were elated after the engineering giant reported robust order inflows in the June quarter (Q1FY26), lifting its stock nearly 5% on Wednesday.
Orders in the core Projects & Manufacturing (P&M) business surged 41% year-on-year to Rs.76,600 crore, driven by big-ticket boiler-turbine-generator (BTG) contracts in the energy segment from West Asia. The region accounted for 38% of total Q1 inflows, as governments ramp up capital expenditure in hydrocarbons, green energy, and power.
The sharp pick-up in orders has boosted L&T's earnings visibility. The company's total order book rose 25% year-on-year to a record Rs.6.13 trillion as of June-end, equivalent to 3.1x the trailing 12-month P&...
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