L&T Q3: Revenue Up 10%, Order Book Jumps 17%; Profit Misses Estimates

• Larsen & Toubro (L&T) reported a 10.5% rise in revenue to ₹71,449 crore and an 18.6% increase in EBITDA to ₹7,416 crore for Q3.
• Net profit declined 4.3% year-on-year to ₹3,215 crore, missing Street estimates due to a ₹1,344 crore one-time labor code impact.
• The company secured fresh orders worth ₹1.36 lakh crore, a 17% year-on-year increase, with international orders accounting for 55%.
• Consolidated order book grew 30% to ₹7.33 lakh crore, driven by strong inflows in infrastructure, energy, and metals.
• Management expressed confidence in sustained growth, citing capital expenditure, policy support, and focus on execution efficiency.

Why It Matters: L&T's Q3 saw strong revenue and order book growth, but profit was impacted by one-time labor code expenses.