L&T Q2 profit rises as orders offset West Asia risks
Larsen & Toubro reported a 33% rise in Q2 profit, with revenue up 16% to ₹78,750 cr and order inflows up 28% to ₹1.48 trillion. OI Charts data showed short build-up in futures after the results.
after close2 sources ↓machine-written, see hownot a recommendation
- LT close
- ₹3,665
- On the day
- -0.40%
- Futures OI, short build-up
- +14.5%
- Put-call ratio
- 1.17
- Max pain
- ₹3,800
Larsen & Toubro reported a 33% rise in Q2 profit for the quarter ended September, as healthy order inflows and improving international execution offset concerns linked to the Iran war and wider West Asia disruption. Consolidated revenue rose 16% year on year to ₹78,750 cr, above the ₹74,810–₹75,110 cr range cited in the earlier preview.
Order inflows increased 28% to ₹1.48 trillion, with international orders accounting for 63% of the total. International revenue contributed 58% of consolidated sales, while revenue from infrastructure and utilities, the company’s largest segment, rose 6% year on year. The figures point to stronger execution across projects, products and manufacturing businesses, while keeping overseas exposure central to the earnings outlook 🏗️.
Key Points:
• The company’s order book received support from both domestic private-sector projects and international business, despite ongoing regional conflict.
• OI Charts data showed the stock at ₹3,665 on 27 Oct 2026, down 0.40% on the day. Volume was 1,471,485 shares; the stock was up 0.9% over five sessions but down 6.7% over 20 sessions, with a 52-week range of ₹3,288 to ₹4,440.
• Futures open interest rose 14.5% with a short build-up, while futures traded at a 0.73% premium to the underlying. The options put-call ratio was 1.17 and max pain stood at ₹3,800 for the 23 Nov 2026 expiry.
For the infrastructure and engineering sector, the result shows that order momentum and project execution remained strong enough to support revenue growth even as geopolitical conditions threatened timelines, costs and margins. The international contribution also means further movement in West Asia remains an immediate operating variable ⚙️.
The next focus is management’s commentary on project progress, margin sustainability, international order conversion and the outlook for the remaining fiscal year. In the November expiry, ₹3,700 had the largest call and put open interest, making it a key positioning level, while max pain at ₹3,800 provides the broader options-market reference.
Source: TradingView, 27 Oct 2026; OI Charts data, 27 Oct 2026; earlier preview source: news.google.com, 27 Oct 2026.
Not investment advice. For informational purposes only.