In L&T's monster order target, echoes from India's roaring infra, energy sectors

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₹9 trillion by the end of this fiscal from ₹4.9 trillion at the end of Q1on the back of a stronger-than-ever pipeline of large projects, in a reflection of the rising activity in the infrastructure and energy space in India. The company's consolidated order book grew 19% year-on-year (y-o-y) in the June quarter, with the share of international orders at 38%. “We see a very strong order pipeline—60% of this is from domestic opportunities and the rest from overseas," R.

Shankar Raman, president and group CFO of L&T, said in a media call after announcing the company's Q1 results for FY25. In the April-June quarter, L&T's consolidatedrevenues jumped 15% y-o-y to ₹55,120 crore, beating Bloomberg estimates of 13 analysts, which had predicted ₹53,600 crore. It also posted a consolidatednet profit of ₹2,786 crore, 12% higher y-o-y.

The company attributed the higher revenues to a “robust execution" in its projects and manufacturing portfolio, with ₹26,248 crore or 48% of the Q1 revenues flowing in from international orders alone. In a statement, S.N. Subrahmanyan, L&T's chairman and managing director said, “We have achieved steady growth across all financial parameters in Q1 FY 2024-25, despite the geopolitical situation across the globe." Shankar Raman said there were orders worth about ₹40,000 crore from infrastructure projects in the first quarter, somewhat similar to last year.