Can L&T's order wins pave way for re-rating?
Financial year 2026 has kicked off on a strong note for Larsen & Toubro Ltd, with the company announcing on Tuesday that its power transmission and distribution vertical has secured several new orders in India, as well as in the United Arab Emirates, Qatar, and Oman. With this order win, L&T’s Q4FY25 order inflow announcements stand strong at about ₹66,400 crore," said a JM Financial Institutional Securities Ltd report dated 26 March. The brokerage had factored order inflows of ₹52,300 crore for L&T's core Projects & Manufacturing business in Q4FY25 and ₹2.68 trillion for FY25. “We believe the recent narrative of L&T’s order inflows shrinking in FY26 is misplaced," said a BNP Paribas report dated 26 March. Read this | Afcons eyes Middle East construction boom, shifts strategy with local partnerships Against this backdrop, the brokerage house sees potential for L&T's stock to be re-rated due to its earnings growth prospects.
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