The shares of a Giant-Cap multinational conglomerate that specialises in a diversified portfolio of know-how, engineering, building, manufacturing, and monetary providers are gaining consideration. On this article, we’ll discover whether or not the corporate earns extra from the Indian or the Worldwide markets.

With a market capitalization of Rs. 5,33,942.70 crores on Friday, the shares of Larsen & Toubro Ltd elevated upto 0.02 p.c, reaching a excessive of Rs. 3892.70 per share in comparison with its earlier closing value of Rs. 3880.80 per share.


Larsen & Toubro Ltd (L&T) is a number one Indian multinational conglomerate with a robust presence in engineering, building, manufacturing, know-how, and monetary providers. Famend for its execution excellence, L&T has been instrumental in constructing a few of India’s most iconic infrastructure initiatives, together with highways, metros, airports, energy vegetation, and protection techniques.
The corporate operates throughout a number of verticals similar to Infrastructure, Energy, Heavy Engineering, Hydrocarbon, IT & Expertise Providers, and Monetary Providers, serving each home and world markets. L&T’s huge and diversified order guide displays its sturdy capabilities, sturdy mission pipeline, and trusted shopper relationships throughout sectors.
Income composition
The L&T’s phase composition spans varied industries. Infrastructure Tasks cowl areas like buildings, factories, heavy civil work, water administration, energy transmission and distribution, renewables, transportation infrastructure, and minerals & metals. Power Tasks deal with hydrocarbon, CarbonLite options, and clear power.
In Hello-Tech Manufacturing, the emphasis is on heavy engineering, precision engineering, and electrolyser manufacturing. IT & TS providers are offered by LTIMindtree, LTTS, and digital platforms, with a deal with knowledge facilities and semiconductor design.
The Monetary Providers phase contains retail and wholesale lending. Improvement Tasks embody vital initiatives similar to Hyderabad Metro, Nabha Energy, and Inexperienced Power. Lastly, the Others phase focuses on actual property, industrial tools design, and the event of good world and communications options. To grasp whether or not L&T earns extra from Indian or world markets, beneath is a breakdown of its enterprise by phase & Geography for Q2 FY26.
Phase-wise cut up
For Q2 FY26, the full income is Rs. 68,000 crores. The phase breakdown reveals that Infrastructure holds the biggest share at 47%, amounting to Rs. 31,960 crores. Following that, Providers contribute 28%, equating to Rs. 19,040 crores. Power accounts for 19%, totaling Rs. 12,920 crores, whereas Hello-Tech Manufacturing represents 4% of the full, or Rs. 2,720 crores. The smallest share, Others, stands at 2%, which is Rs. 1,360 crores.
Geography-wise cut up
Geographically, India leads with 44% of the full income, equaling Rs. 29,920 crores. The Center East follows carefully with 37%, contributing Rs. 25,160 crores. USA & Europe generate 17%, amounting to Rs. 11,560 crores, whereas the Remainder of the World (ROW) makes up the remaining 2%, Rs. 1,360 crores. This distribution highlights the dominant areas and sectors contributing to the income for the quarter.
Order Ebook as on 30-Sep-2025
As of 30-Sep-2025, the full order guide stands at Rs. 6,670 billion, which is equal to Rs. 6,67,000 crores. The phase breakdown exhibits that Infrastructure leads with 59%, amounting to Rs. 3,93,530 crores.
Power follows with 32%, totaling Rs. 2,13,440 crores, whereas Hello-Tech Manufacturing represents 6%, or Rs. 40,020 crores. The smallest portion is Others, contributing 3%, which is Rs. 20,010 crores.
Geographically, India holds the biggest share with 51%, equating to Rs. 3,40,170 crores. The Center East accounts for 41%, contributing Rs. 2,73,470 crores, whereas ROW (Remainder of the World) represents 8%, amounting to Rs. 53,360 crores. This distribution illustrates the important thing segments and areas within the order guide as of September 2025.
Order Influx Composition – Q2
As of Q2, the Order Influx by phase stands at Rs. 1158 billion, which is equal to Rs. 1,15,800 crores. The phase breakdown exhibits that Infrastructure leads with 46%, amounting to Rs. 53,268 crores, and Power follows with 33%, totaling Rs. 38,214 crores.
Providers observe with 16%, totaling Rs. 18,528 crores, whereas Hello-Tech Manufacturing represents 2%, or Rs. 2,316 crores. The smallest portion is Others, contributing 3%, which is Rs. 3,474 crores.
As of Q2, the order influx by geography exhibits that the Center East accounts for 54%, amounting to Rs. 62,532 crores, whereas India makes up 35%, amounting to Rs. 40,530 crores. USA & Europe observe with 10%, contributing Rs. 11,580 crores. The smallest portion comes from ROW (Remainder of the World), which accounts for 1%, amounting to Rs. 1,158 crores.
Conclusion
Whereas worldwide markets stay the biggest income contributor for L&T, the corporate can be increasing its footprint globally. As of Q2 FY26, worldwide markets, comprising the Center East (37%), the USA & Europe (17%), and the remainder of the world (ROW) (2%), account for 56% of complete income. India carefully follows with a contribution of 44%, reflecting the corporate’s rising success in world markets.
The order guide influx additional reinforces this development, with worldwide markets main at 65% and India making 35%. Of the order guide, India contributes 51%, whereas different worldwide markets contribute a mixed 49%, carefully following.
L&T’s diversified portfolio throughout infrastructure, power, manufacturing, and know-how providers has allowed it to leverage alternatives each domestically and internationally. With a strategic deal with world enlargement, particularly within the Center East, L&T is more and more deriving extra worth from worldwide markets, guaranteeing long-term progress past India’s borders.
Written by Sridhar J
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