Larsen & Toubro (L&T) shares recovered from intraday lows on Tuesday, 13 May, following the announcement that its Buildings & Factories vertical has bagged ‘large’ orders from both central and state government entities.

As per L&T’s classification, ‘large’ orders are those valued between Rs 2,500 crore and Rs 5,000 crore.

The company revealed it has received an EPC (Engineering, Procurement, and Construction) contract from the Central Public Works Department (CPWD) for the development of the Common Central Secretariat Buildings 6 and 7 in New Delhi. The project will consist of two buildings featuring one basement, two podiums, an upper ground level, and six floors. The scope includes civil works, interior finishes, mechanical, electrical, and plumbing (MEP) services, site development, and five years of operation and maintenance.

Additionally, L&T secured a contract from the Andhra Pradesh government for the design and construction of the new State Legislative Assembly building. This project includes a basement, ground floor, and three upper floors.

Both projects are scheduled to be completed within 18 months.

These developments come shortly after L&T reported strong Q4 results. Net profit rose 25% year-on-year to Rs 5,497 crore, while revenue increased 11% to Rs 74,392 crore. EBITDA grew 13.4% to Rs 8,202 crore, with operating margins slightly improving to 11% from 10.8%.

The company’s board has proposed a final dividend of Rs 34 per share, pending shareholder approval.

Looking ahead to FY26, L&T has projected a 15% growth in revenue, driven by robust domestic and international activity. Core operating margins are expected to improve to 8.5% from 8.3% in FY25, thanks to enhanced operational efficiency and a strong order pipeline.

The company anticipates a 10% increase in order inflows for FY26, identifying project opportunities worth Rs 7 lakh crore in India and Rs 12 lakh crore globally. L&T also remains optimistic about sustained demand in the international market.

On the defence front, L&T emphasised its strategic positioning, underpinned by decades of industry experience and advanced technological capabilities. The company described the FY26 defence project pipeline as promising.

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