Shares of Larsen & Toubro Ltd (L&T) rose 0.81% on Wednesday, October 29, ahead of its Q2 FY26 results announcement later today. The stock traded at Rs 4,005.10, gaining Rs 32.30 from its previous close of Rs 3,972.80 on the NSE. L&T is among the 70 companies scheduled to release their quarterly earnings today, as part of a packed results day featuring over 300 listed firms this week.
Earnings Preview and Sector Context
The Q2 results season is set to see earnings announcements from marquee companies including Larsen & Toubro, Coal India, Hindustan Petroleum Corporation, Varun Beverages, Steel Authority of India, Bharat Heavy Electricals, and RailTel Corporation of India.
Market participants are closely watching L&T’s performance, given its diversified exposure across infrastructure, engineering, defence, and energy segments. Analysts expect the company to report steady growth driven by execution in its domestic infrastructure business and rising international order inflows.
New Order Wins in Heavy Engineering Division
Separately, L&T announced that its Heavy Engineering vertical has secured multiple significant orders — classified in the Rs 1,000–2,500 crore range — across both domestic and international markets.
On the international front, L&T bagged:
- An order from the United States to manufacture vessels for an NGL fractionator project and cartridges for a Blue Ammonia project in Louisiana.
- Contracts from Mexico for ammonia and urea processing equipment for two fertilizer plants.
- Orders from Brazil for critical heat exchangers in the replacement market.
- Projects from Saudi Arabia involving refinery and petrochemical complex upgrades, including revamp work on the HOFCC reactor and regenerator.
In addition, the company secured nuclear power equipment orders for critical components from both domestic and international clients.
Domestically, L&T also received orders for four units of the 2RK65 Heat Exchanger Package for a 3 MMTPA PTA7 project at Dahej, Gujarat, from a leading Indian client.
Stock Performance and Market Metrics
At 9:37 AM on Wednesday, L&T shares were trading at Rs 4,005.10, up 0.81%, with a day range between Rs 3,982.00 and Rs 4,016.70. The company’s market capitalization stood at Rs 5.51 lakh crore, with a P/E ratio of 34.75 and a dividend yield of 0.85%. Over the past year, L&T’s stock has traded between Rs 2,965.30 and Rs 4,016.70, reflecting strong investor confidence in its order book and infrastructure momentum.
Conclusion
L&T’s stock gained ahead of its quarterly results, supported by strong order inflows and continued expansion in the heavy engineering segment. The new global contracts reaffirm the company’s growing presence in high-value international markets and its leadership in process and nuclear equipment manufacturing.
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