News Summary:
On April 25, 2026, L&T Finance Ltd., the non-banking financial subsidiary of Larsen & Toubro, reported a consolidated net profit of ₹806.63 crores for the fourth quarter of fiscal year 2026. This marks a 26.79% year-on-year growth and a 9.21% sequential expansion for the ₹73,112 crore market capitalization NBFC, representing its strongest quarterly performance to date, with net sales climbing to ₹4,771.03 crores—an 18.60% surge from the year-ago period. Earlier on April 25, Larsen & Toubro announced its foray into industrial electronics manufacturing, beginning operations at its Coimbatore campus in Tamil Nadu. The new business vertical, L&T Electronic Products & Systems (LTEPS), will be headquartered in Bengaluru, while manufacturing activities will be conducted in Coimbatore. Previously, on April 24, Kabilan Jayathungan, Chief Human Resources Officer (CHRO) at L&T Semiconductor Technologies, highlighted the significance of external competition over internal dynamics, drawing on his over three decades within the Larsen & Toubro ecosystem, where he has built skill development ecosystems and led large-scale workforce transformations.
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