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Business Standard
29-07-2025
- Business
- Business Standard
L&T Q1 FY26 results: Profit grows 30% to ₹3,617 cr, surpasses estimates
Engineering and construction conglomerate Larsen & Toubro's (L&T's) profit (attributable to owners of the company) for the first quarter (Q1) of 2025-26 (FY26) grew by 29.8 per cent year-on-year (Y-o-Y) to ₹3,617.2 crore, amid higher revenues. L&T's revenue from operations for Q1FY26 increased by 15.5 per cent Y-o-Y to ₹63,678.92 crore, amid healthy execution witnessed in its key projects and manufacturing portfolio. The profit beat the Bloomberg analysts' poll estimate of ₹3,400.5 crore. The revenue also topped the analysts' estimate of ₹62,831.9 crore. L&T's other income during the quarter went up by 47 per cent to ₹1,357 crore on a Y-o-Y basis. 'Fifteen per cent revenue growth and a 30 per cent profit after tax growth augur well for the profitable execution of the various business contracts that the company has entered into,' said R Shankar Raman, whole-time director and chief financial officer, L&T. The company's total expenses during the quarter grew by 15.2 per cent to ₹59,176.17 crore. S N Subrahmanyan, chairperson and managing director, L&T, said, 'This quarter we have performed well across all financial parameters. Besides improved performance on all profit-and-loss parameters, the return ratios have also moved higher. The projects and manufacturing businesses of the company continue to perform well.' L&T's consolidated order book stood at ₹6.12 trillion as of June 30, 2025, up 25 per cent Y-o-Y. The share of international orders remained at around 46 per cent. The company received new orders worth ₹94,453 crore during the quarter, up 33 per cent Y-o-Y, the highest ever in a Q1. International orders stood at ₹48,675 crore, accounting for 52 per cent of the total order inflow. The company's earnings before interest, tax, depreciation, and amortisation (Ebitda) for the quarter under review stood at ₹6,318 crore, up 12.52 per cent Y-o-Y. Meanwhile, its Ebitda margin stood at 9.9 per cent, compared to the margin of 10.2 per cent in Q1 of 2024-25. The company's gross debt-to-equity ratio stood at 1.13x as of June 30, 2025, against the ratio of 1.12x as of June 30, 2024. Referring to geopolitical tensions, tariff-related events, and technology disruptions, Raman said, 'To navigate through these headwinds and stay the course has been an exciting challenge for all of us in the company, and we are extremely pleased that we ended on the right side of the line.' Global economic activity is expected to remain subdued with uneven momentum. Regional growth patterns have become more fragmented, as geopolitical and policy uncertainties reshape the economic outlook, L&T noted. 'Given the prevailing economic environment, the company remains focused on sustained execution of its large order book, scaling up the new businesses, and capitalising on the emerging opportunities,' the company added. Sequentially, the company's revenue dipped by 14.4 per cent, while its profit declined by 34.2 per cent. L&T's shares listed on the BSE closed at ₹3,495.10 per equity share on Tuesday (29 July).
Hans India
25-06-2025
- Business
- Hans India
L&T garners Rs 500 cr via ESG bonds
Mumbai: Larsen & Toubro has listed India's first ESG bonds on the National Stock Exchange (NSE), setting a precedent for a greener and more sustainable financial future in India. The company has successfully raisedRs500 crore through Non-Convertible Debentures (NCD) at a coupon rate of 6.35 per cent under the Securities and Exchange Board of India's (SEBI) newly introduced ESG and sustainability-linked bond framework. The NCDs, having a three-year maturity period, will mature on June 19, 2028, and the interest would be paid on an annual basis. Issued in partnership with HSBC, who served as the sole lead arranger, this landmark transaction adheres strictly to SEBI's regulatory guidelines introduced on June 5, 2025, aimed at enhancing transparency and accountability among bond issuers. The framework mandates key disclosures, including sustainability objectives, external evaluations such as Second-Party Opinions (SPOs), and continuous post-issuance reporting, with clear Key Performance Indicators (KPIs) to measure ESG impact. R Shankar Raman, President, Whole-time Director & CFO, L&T said: 'We are proud to lead India's transition to sustainable finance through this pioneering ESG bond listing.
India Gazette
23-06-2025
- Business
- India Gazette
L&T lists India's first ESG bonds worth 500 crore on NSE
Mumbai (Maharashtra) [India], June 23 (ANI): Infra and technology company Larsen & Toubro (L&T) has listed India's first ESG bonds on the National Stock Exchange (NSE), setting a precedent for a greener and more sustainable financial future in India. In a statement, the company said it has successfully raised Rs 500 crore through Non-Convertible Debentures (NCD) at a coupon rate of 6.35 per cent under the Securities and Exchange Board of India's (SEBI) newly introduced ESG (Environment, Social and Governance) and sustainability-linked bond framework. The NCDs, having a three-year maturity period, will mature on June 19, 2028, and the interest would be paid on an annual basis. 'Issued in partnership with HSBC, who served as the sole lead arranger, this landmark transaction adheres strictly to SEBI's regulatory guidelines introduced on June 5, 2025, aimed at enhancing transparency and accountability among bond issuers,' the company said. The framework mandates key disclosures, including sustainability objectives, external evaluations such as Second-Party Opinions (SPOs), and continuous postissuance reporting, with clear Key Performance Indicators (KPIs) to measure ESG impact. Commenting on the listing, R Shankar Raman, President, Whole-time Director and CFO, L&T said, 'We are proud to lead India's transition to sustainable finance through this pioneering ESG bond listing. This initiative underlines our dedication to long-term sustainable development and positions us at the forefront of responsible corporate governance and environmental stewardship.' 'This deal reinforces our commitment to driving L&T's ESG goals and supporting the larger energy transition objective,' R Shankar Raman added. The company added this successful issuance is a significant milestone in India's financial markets, illustrating growing investor appetite for ESG-compliant financial instruments and setting a benchmark for future sustainable financing ventures. (ANI)
Time of India
23-06-2025
- Business
- Time of India
L&T lists India's 1st ESG bonds on NSE, raises Rs 500 crore
Engineering and construction conglomerate Larsen & Toubro (L&T) on Monday announced the listing of the country's first environmental, social and governance bonds on the NSE, raising Rs 500 crore through debentures. In a filing to BSE, the company said it "has listed India's first ESG bonds on the National Stock Exchange (NSE), setting a precedent for a greener and more sustainable financial future in India". by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like How Much Money Should You Have Before Hiring a Financial Advisor? SmartAsset Learn More Undo The company said it has raised Rs 500 crore through non-convertible debentures (NCD) at a coupon rate of 6.35 per cent. Bonds Corner Powered By L&T lists India's 1st ESG bonds on NSE, raises Rs 500 crore Engineering and construction conglomerate Larsen & Toubro (L&T) on Monday announced the listing of the country's first environmental, social and governance bonds on the NSE, raising Rs 500 crore through debentures. Indian rupee, bonds under pressure as US strike on Iran deepens Middle East conflict India bonds to fall as oil spike fears heighten after US attacks Iran US strikes on Iran expected to weaken rupee and bond yields What Yoga can teach you about bond allocation and portfolio balance Browse all Bonds News with The debentures will mature over a period of three years, with annual interest payments. HSBC served as the sole lead arranger for the transaction. The bonds, issued under Sebi's newly introduced ESG and sustainability-linked bond framework, were launched on June 5. Live Events "This deal reinforces our commitment to driving L&T's ESG goals and supporting the larger energy transition objective," R Shankar Raman, president, whole-time director and CFO of the company, said. As part of the sustainability-linked bond agreement, the company undertakes environmental commitments, targeting measurable reductions in freshwater withdrawal intensity and greenhouse gas emissions. These goals align with the company's broader vision of achieving water neutrality by 2035 and carbon neutrality by 2040. "This successful issuance is a significant milestone in India's financial markets, illustrating growing investor appetite for ESG-compliant financial instruments and setting a benchmark for future sustainable financing ventures," it said.
Economic Times
23-06-2025
- Business
- Economic Times
L&T lists India's 1st ESG bonds on NSE, raises Rs 500 crore
Engineering and construction conglomerate Larsen & Toubro (L&T) on Monday announced the listing of the country's first environmental, social and governance bonds on the NSE, raising Rs 500 crore through debentures. ADVERTISEMENT In a filing to BSE, the company said it "has listed India's first ESG bonds on the National Stock Exchange (NSE), setting a precedent for a greener and more sustainable financial future in India". The company said it has raised Rs 500 crore through non-convertible debentures (NCD) at a coupon rate of 6.35 per cent. The debentures will mature over a period of three years, with annual interest payments. HSBC served as the sole lead arranger for the transaction. The bonds, issued under Sebi's newly introduced ESG and sustainability-linked bond framework, were launched on June 5. "This deal reinforces our commitment to driving L&T's ESG goals and supporting the larger energy transition objective," R Shankar Raman, president, whole-time director and CFO of the company, said. ADVERTISEMENT As part of the sustainability-linked bond agreement, the company undertakes environmental commitments, targeting measurable reductions in freshwater withdrawal intensity and greenhouse gas emissions. These goals align with the company's broader vision of achieving water neutrality by 2035 and carbon neutrality by 2040. "This successful issuance is a significant milestone in India's financial markets, illustrating growing investor appetite for ESG-compliant financial instruments and setting a benchmark for future sustainable financing ventures," it said. (You can now subscribe to our ETMarkets WhatsApp channel)
