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L&T scales down 5-year targets
In a strategic pivot, Larsen and Toubro has recalibrated its ambitious Lakshya Plan 2031, now earmarking an impressive ₹43,000 crore for investment in the forthcoming five years. The adjustments signal a broader order book and highlighted uncertainties in Middle Eastern markets.
War-driven inflation dents L&T's margin, company warns the effects may persist in FY27
As part of its new five-year plan, dubbed Lakshya 31, the company is aiming for 12-15% compounded annual growth in its revenues between FY26 and FY31. That translates to a top line of ₹5.8 trillion by FY31 at the upper end, double of FY26.
Sebi clears IPOs of Travelstack, Learnfluence, Tea Post; 3 issues withdrawn
Three companies -- travel technology firm Travelstack Tech, Learnfluence Education, which operates the 'Lakshya' coaching centres, and tea cafe chain Tea Post --have received approval from Sebi to raise funds through Initial Public Offerings (IPOs), according to an update from the market regulator on Monday. Meanwhile, Rays Power Infra, Madhur Iron & Steel and Arjun Jewellers saw their documents "withdrawn or returned" during March 9-13, the update showed. The development comes at a time when Indian equity markets are under pressure due to the ongoing conflict in West Asia. So far this year, 12 companies have tapped the IPO market to raise funds. One issue is currently underway, while few others are expected to hit the market later this month. According to Sebi data, Travelstack Tech, Learnfluence Education and Tea Post had filed their preliminary IPO documents between June and December and received the regulator's observations during March 10-11. In Sebi's terminology, the ...
L&T shares fall over 3% after Q4 results as brokerages flag weak margins, softer FY27 outlook
L&T shares fell in early trade post Q4 results, as brokerage reactions remained mixed. Concerns emerged around execution, margins, order inflow momentum and returns from new investments under the Lakshya 2031 strategy.