International demand drives Larsen & Toubro's order growth

Larsen & Toubro (L&T) reported strong order book growth, primarily driven by a surge in international business, especially from the Middle East. This growth has offset slower domestic demand. The engineering and infrastructure company's order book grew over 15% annually between FY21 and FY25. L&T anticipates international business will continue to outpace domestic expansion in FY26, with a significantly larger international business prospect pipeline. L&T's FY25 profit increased 25% to ₹5,497 crore in the fourth quarter, with revenue up 11%. The company has provided a revenue growth guidance of 15% for FY26, while also cautioning about geopolitical risks.