₹6 lakh Cr Order Book: Stock jumps after securing ₹10,000 Cr order for metro project in Saudi Arabia

SYNOPSIS: Larsen & Toubro’s Heavy Civil Infrastructure arm secured an order worth up to Rs. 10,000 crores in Saudi Arabia for the Riyadh Metro Red Line extension, reinforcing its global metro execution capabilities.

During Wednesday’s trading session, shares of a $30 billion Indian multinational engaged in EPC projects, hi-tech manufacturing, and services are in focus on the stock exchanges, after securing an order worth up to Rs. 10,000 crores for the heavy civil infrastructure business.

At 10:21 a.m., shares of Larsen & Toubro Limited were trading in the green at Rs. 3,804.1 on BSE, up by around 0.4 percent, compared to its previous closing price of Rs. 3,790, with a market cap of Rs. 5.23 lakh crores. The stock has delivered positive returns of around 12 percent in one year, but has fallen by nearly 6 percent in the last one month.

What’s the News

As per its latest regulatory filing, the Heavy Civil Infrastructure vertical of Larsen & Toubro Limited has bagged a major order valued between Rs. 5,000-10,000 crores from the Royal Commission of Riyadh City, Saudi Arabia, for works related to the extension of the Riyadh Metro.

The contract forms a part of an ultra-mega project awarded to a global consortium of Webuild S.p.A, Larsen & Toubro, Nesma & Partners Contracting, Alstom and IDOM.

The order relates to the extension of the Red Line of the Riyadh Metro network and includes the design and turnkey construction of an 8.4-kilometre long metro line, featuring a mix of elevated and underground sections along with five metro stations.

Financials & More

In Q2 FY26, L&T reported a consolidated revenue from operations of Rs. 67,984 crores, a growth of around 7 percent QoQ and 10 percent YoY. Net profit for the quarter stood at Rs. 4,678 crores, representing a rise of more than 8 percent QoQ and 14 percent YoY. The company will announce financial results for Q3 FY26 on 28th January 2026.

During the same period, the company’s debt-to-equity ratio stood at 1.09, with a current ratio of 1.25. Net profit margin was at 6.88 percent, while the operating margin was reported at 10.01 percent.

In Q2 FY26, L&T reported total order inflows of Rs. 1,15,800 crore, a strong 45 percent YoY increase, comprising Rs. 40,200 crore in domestic orders and Rs. 75,600 crore from international markets. The company’s order book also expanded significantly, rising 31 percent to Rs. 6,67,000 crore by September 2025. This includes Rs. 3,40,200 crore in domestic orders and Rs. 3,26,800 crore in international orders.

Larsen & Toubro Limited is a $30 billion Indian multinational engaged in EPC projects, hi-tech manufacturing and a range of service sectors. It stands out as a major technology, engineering, construction, manufacturing and financial services conglomerate with global operations.

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