Engineering major #LT Larsen & Turbo is targeting group revenues of Rs 2.7 trillion and a Return on Equity (RoE) of over 18% by FY26 under its strategic five-year plan. The company will also continue to divest non-core assets to create shareholder value.
“Our strategic five-year plan — Lakshya — continues to steer the company’s growth,” L&T chairman AM Naik said in his address at the annual general meeting (AGM).
The plan was launched this year with the themes of value accretive growth in current business portfolio, exit from non-core businesses, developing business offerings to ride the energy transition wave and scaling up digital and e-commerce businesses. Business sustainability through sharper focus on environmental, social and governance (ESG) and shareholder value creation also falls under the plan, he said.
The L&T Group recorded revenues of Rs 1.56 trillion in FY22, registering 15% year-on-year growth. It posted an operational net profit of Rs 8,572 crore, a 23% growth over the previous year. Its RoE stood at 12.2%.