L&T Q2: Energy Business Powers Growth Despite Geopolitical Challenges | Business News | ET Now
ET Now · 27 Oct 2026 · 4 min
Management interview of Larsen & Toubro Ltd (LT), with 7 key numbers discussed.
- Larsen & Toubro Ltd
Larsen & Toubro delivered strong growth in Q2 FY25 across its energy segments driven by international order execution. Conventional energy segment revenue grew 29% year-on-year to Rs 173bn with an EBITDA margin of around 7.5%, facing headwinds from cost inflation and execution schedule disruptions. The green energy segment posted over 40% revenue growth to Rs 115bn with stable EBITDA margins at around 6%, driven mainly by international contracts in the Middle East and Europe. The manufacturing and product segment also saw solid performance, with Q2 order wins expanding 35% to Rs 58bn.