New Delhi, Oct. 30 -- Shares of Larsen & Toubro Ltd hit a record Rs.4062.60 on Thursday following a strong show in the September quarter (Q2FY26). Remember, the first half is a seasonally weak period for India's engineering, procurement and construction (EPC) major. But L&T managed to buck the trend, thanks to international energy and domestic defence projects.

Consolidated revenue increased 10% year-on-year in Q2FY26 to Rs.67,984 crore, a tad below expectations, thanks to a 1% drop in its mainstay infrastructure segment. Extended monsoons, slow execution in water projects due to payment delays, and a general stage-of-execution driven slowdown weighed on the segment that accounted for almost half of the quarter's total revenue. However, ...