L&T Soars Skyward: Shares Surge 2.7% Amid Order Book Boom

Larsen & Toubro Ltd (L&T), India's premier engineering and construction conglomerate, saw its shares climb 2.7% on the NSE (LART.NS) during Monday's early session, bucking broader market caution post the Union Budget's STT hike. The upmove follows a dip to an intraday low of ₹3,759.65 on February 1 amid capital goods sector pressure, but strong Q3 FY26 earnings released last week propelled the recovery.

In Q3 FY26 (ended Dec 2025), L&T reported its highest-ever quarterly order inflow of ₹1.35 lakh crore, up 17% YoY, pushing the total order book beyond ₹7.33 lakh crore—a 30% YoY jump. Revenue rose 10% to ₹71,450 crore, with recurring PAT surging 31% to ₹4,406 crore before exceptional items. International orders contributed 49%, spanning renewables, hydrocarbons, and infrastructure.

Chairman S.N. Subrahmanyan highlighted sustained capex and ESG focus as growth drivers, with optimism for policy support in manufacturing and digital infra.

Key Highlights

• Share Performance: Up 2.7% intraday after hitting low of ₹3,759.65 yesterday; outperforms falling capital goods sector.
• ​Record Orders: Q3 inflow ₹1.35 lakh Cr (+17% YoY); 9M total ₹3.46 lakh Cr (+30%).
• Order Book Milestone: Crosses ₹7.33 lakh Cr, ensuring multi-year visibility.
• Financials: Revenue +10% to ₹71,450 Cr; recurring PAT +31% to ₹4,406 Cr.

Sources: MarketsMojo, PSU Connect, Upstox, Marketscreener, Yahoo Finance.