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L&T profit beats Street, up 30%

Financial Express Kochi

|

July 30, 2025

ENGINEERING AND CONSTRUCTION major Larsen & Toubro (L&T) posted a 30% jump in net profit at ₹3,617 crore in the first quarter of FY26 compared with ₹2,786 crore in the year-ago period, beating analyst estimates.

- RAGHAVENDRA KAMATH

ENGINEERING AND CONSTRUCTION major Larsen & Toubro (L&T) posted a 30% jump in net profit at ₹3,617 crore in the first quarter of FY26 compared with ₹2,786 crore in the year-ago period, beating analyst estimates. Sequentially, profit fell 34%.

Analysts had estimated a net profit of ₹3,400 crore during April-June.

The company also beat analyst estimates on the revenue front and posted a 16% jump in revenue at ₹63,679 crore compared with ₹55,120 crore in the first quarter of FY25. Analysts expected revenue of ₹62,832 crore in the first quarter of this financial year. Sequentially, revenue fell 14%.

International revenues during the quarter were at ₹32,994 crore, making up 52% of its total revenues.

MEER VERHALEN VAN Financial Express Kochi

Financial Express Kochi

IMF directors urge India to replenish fiscal buffers

WHILE FISCAL CONSOLIDATION has progressed, achieving the fiscal deficit target remains challenging, necessitating disciplined spending and strengthened fiscal buffers to safeguard stability, the International Monetary Fund executive board directors in their report.

time to read

1 min

November 27, 2025

Financial Express Kochi

Change mindset for manufacturing push: Godrej

WE ARE LOOKING TO LIMIT PRICE INCREASES TO ABOUT 5-7% POST NEW BEE NORMS

time to read

1 mins

November 27, 2025

Financial Express Kochi

Google Cloud sees govt tie-ups rise

· Cybersecurity threats & DPDP compliance fuel demand surge

time to read

1 min

November 27, 2025

Financial Express Kochi

When humans & Al create value together

WE'RE AT AN inflection point.

time to read

1 mins

November 27, 2025

Financial Express Kochi

SBI’s NIM target of 3% safe even if RBI cuts rate: Setty

STATE BANK OF India is confident of achieving its 3% net interest margin (NIM) guidance even if the Reserve Bank of India (RBI) decides to cut the repo rate by 0.

time to read

1 mins

November 27, 2025

Financial Express Kochi

US-Russia talks gain momentum

A SENIOR KREMLIN official confirmed Wednesday that US special envoy Steve Witkoff is set to visit Moscow next week as efforts to find a consensus on ending the nearly four-year war between Russia and Ukraine pick up speed.

time to read

1 min

November 27, 2025

Financial Express Kochi

UK cuts tax-free allowance for cash savings

BRITISH FINANCE MINISTER Rachel Reeves delivered a budget on Wednesday that will take more tax from workers, people saving for a pension and from investors to give herself more room for meeting her borrowing targets.

time to read

1 mins

November 27, 2025

Financial Express Kochi

Reliance JV to build AI data centre

THE ANDHRA PRADESH government has assured full support for the Digital Connexion project, including assistance with land allotment, power infrastructure, connectivity,and timely clearances.

time to read

1 min

November 27, 2025

Financial Express Kochi

Indices near all-time high as bears go into hiding

· DIIs pump in ₹7 lakh crore, highest in a year

time to read

1 mins

November 27, 2025

Financial Express Kochi

When tax meets technology

Tax is one area where the govt has moved far ahead in adopting technology and digitisation. Professionals must catch up with the digital architecture in place

time to read

3 mins

November 27, 2025

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