Data centres, semiconductors to drive next growth phase for L&T: Amit Anwani
Larsen & Toubro’s latest earnings and forward commentary have painted a picture of short-term softness balanced by a cautiously optimistic long-term strategy. While execution challenges and geopolitical uncertainties weigh on near-term growth, the company’s five-year roadmap signals a decisive pivot toward technology-led and capital-intensive new businesses.
According to Amit Anwani from PL Capital, the company has reiterated its FY27 guidance of 10%–12% revenue growth and similar order inflow expansion, while maintaining a flattish margin outlook. The reclassification of business segments into Project, Product, and Manufacturing (PPM) has also brought clarity to margin expectations, with the company targeting around 7.8% PPM margins in FY27, largely unchanged from current levels.
