Sensex constituent Larsen & Toubro (L&T) continued its rally in the Indian equity markets on Wednesday after it followed Tuesday morning’s “ultra-mega” order announcement with better-than-expected quarterly results later in the day.
July 30 trading opened in the green with L&T stock soaring more than 5.43 per cent to as high as ₹3,685 per share on the BSE during the day. On the NSE, L&T jumped close to 5.43 per cent to a ₹3,685.30 high during the day.
The Indian multinational firm posted a 29.8 per cent rise in consolidated net profit of ₹3,617.19 crore for the June quarter, it announced on Tuesday evening. Earlier in the day, it said its hydrocarbon offshore business vertical secured an “ultra-mega” order from a “prestigious client” in the Middle East. For L&T, an “ultra-mega” order is any project valued above ₹15,000 crore. This led to its stock settling 2.13 per cent higher at ₹3,495.10 apiece for the day.
Two days of straight rally have made L&T the biggest gainer in the Sensex on Wednesday. At market close, more than 2.52 lakh shares traded hands on the BSE with L&T settling 4.87 per cent higher at ₹3,665.15 apiece.
L&T saw its consolidated revenue from operations for the three-month period jump 16 per cent year-on-year to ₹63,678.92 crore. It also received orders worth ₹94,453 crore at the Group level during the quarter.
“This quarter, we have performed well across all financial parameters. At a Group level, we registered once again the highest order inflow for Q1 ever. Besides improved performance on all P&L parameters, the return ratios have also moved higher,” said L&T Chairman and Managing Director S.N. Subrahmanyan.
L&T’s ‘ultra-mega’ GCC order
The Indian multinational firm, on Tuesday, when announcing “ultra-mega” order from a “prestigious client”, neither specified any exact value for the deal nor disclosed who the client was.
The scope of the project secured by its unit, L&T Energy Hydrocarbon Offshore, includes “engineering, procurement, construction and installation of offshore structures, along with the upgradation of existing facilities.”
“This ultra-mega order is a testament to the speed and precision with which the hydrocarbon offshore business vertical delivers complex projects across the globe,” L&T had then said in a regulatory statement.
Note: This story has been updated after markets closed on July 30 2025.
