L&T Realty Poised for Stock Market Listing: What You Need to Know
L&T Realty, the real estate arm of Larsen & Toubro, is set to list on stock exchanges soon. Here’s everything you need to know about this significant move and the company’s future plans.
Lt RealtyStock Market ListingReal EstateLarsen ToubroFinancial PerformanceReal Estate NewsAug 22, 2025
Subrahmanyan stated, “L&T Realty… this part of the organisation will be taken out to the public at some point of time. I cannot predict the time, because the revenue must be sustainable and predictable, and there have to be sufficient signed-up properties with you to continuously keep on the development mode. And that takes time. We need to be careful about it, and we cannot rush into it.”
When asked about the possibility of listing L&T’s green business, Subrahmanyan was cautious. “Too early. We must think about the sustainability of the business, the environment in which the business operates, the kind of people that you have there, all that goes into consideration before you list, and the kind of fund infusion that is required as often as possible. L&T Green is nowhere near all that,” he explained.
Established in 2011, L&T Realty is the real estate arm of the $23 billion Larsen and Toubro and one of the leading real estate developers in India. The company boasts an extensive portfolio spanning 6.50 million square metres (i.e., 70 million sq ft) across residential, commercial, and retail developments. L&T Realty is currently present in Mumbai, Navi Mumbai, NCR, Bengaluru, Hyderabad, and Chennai.
It’s worth noting that Raymond Realty, the demerged real estate arm of Raymond Ltd, made its debut on the stock exchanges on July 1, 2025. The stock on the NSE debuted at ₹1,000 against the discovered price of ₹1,039.30. However, the stock faced some pressure after listing and last traded at ₹985 per share on the NSE.
Raymond Realty plans to launch six residential projects this fiscal year in the Mumbai Metropolitan Region (MMR), with an estimated revenue potential of about ₹14,000 crore. This expansion comes amid strong demand in the property market. The demerger will position Raymond Realty to pursue its growth trajectory as an independent pure-play real estate business.
The company’s CEO, Harmohan Sahni, highlighted that Raymond Realty has a significant land bank in the MMR, which will support its growth plans. Earlier in August 2025, Larsen & Toubro (L&T) sold 19.75 lakh units of TVS Infrastructure Trust for ₹20 crore through an open market transaction. The units were offloaded at an average price of ₹101.26 per unit.
Meanwhile, Allanzers Fin Net Pvt Ltd bought an equal number of units of TVS Infrastructure Trust at the same price, as per the bulk deal data on the NSE. The units of TVS Infrastructure Trust fell 1.45% to close at ₹101.26 per unit on the exchange.
In other news, Larsen & Toubro, the country's largest infrastructure developer, reported a net profit of ₹3,617 crore in the first quarter of the current financial year (Q1FY26), marking a 30% increase from ₹2,786 crore in the same period last year. The company's revenue from operations advanced 15% to ₹63,679 crore in Q1 from ₹55,120 crore in the previous year.
Larsen & Toubro reported stable operational performance, with earnings before interest, taxes, depreciation, and amortisation (EBITDA) jumping 12.5% to ₹6,318 crore from ₹5,615 crore in the corresponding period last year. However, the operating profit margin slipped 30 basis points to 9.92% from 10.2% in the year-ago period. In the first quarter of the current financial year, Larsen & Toubro received orders worth ₹94,453 crore at the group level.
Frequently Asked Questions
When is L&T Realty expected to list on the stock exchanges?
L&T Realty is expected to list on the stock exchanges in the near future, but the exact timing has not been announced. L&T chairman S N Subrahmanyan has stated that the company will take the necessary time to ensure revenue sustainability and predictability before listing.
What is L&T Realty's current portfolio?
L&T Realty has an extensive portfolio spanning 6.50 million square metres (70 million sq ft) across residential, commercial, and retail developments. The company is currently present in Mumbai, Navi Mumbai, NCR, Bengaluru, Hyderabad, and Chennai.
What is the recent performance of Larsen & Toubro?
Larsen & Toubro reported a net profit of ₹3,617 crore in the first quarter of FY26, marking a 30% increase from ₹2,786 crore in the same period last year. The company's revenue from operations advanced 15% to ₹63,679 crore in Q1 from ₹55,120 crore in the previous year.
What is the significance of Raymond Realty's stock market debut?
Raymond Realty, the demerged real estate arm of Raymond Ltd, made its debut on the stock exchanges on July 1, 2025. The stock debuted at ₹1,000 and last traded at ₹985 per share on the NSE. This debut is significant as it positions Raymond Realty to pursue its growth trajectory as an independent pure-play real estate business.
What are L&T Realty's future plans?
L&T Realty plans to continue its development mode with a focus on sustainable and predictable revenue. The company is cautious about rushing into a stock market listing and is ensuring that it has sufficient signed-up properties to support continuous development.
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