L&T Realty: What You Need to Know About Its Potential Listing on Stock Exchanges
L&T Realty, the real estate arm of Larsen & Toubro, is poised to list on stock exchanges soon. Here's what you need to know about this development and the company's future plans.
Lt RealtyReal EstateStock MarketLarsen ToubroListingReal EstateAug 22, 2025
Subrahmanyan emphasized the importance of ensuring that the revenue from L&T Realty is sustainable and predictable before listing. He 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 way you go about it is that 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 potential listing of L&T Green, Subrahmanyan was cautious, noting that it is too early to consider such a move. “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 one of the leading real estate developers in India, with an extensive portfolio spanning 6.50 million square metres (70 million square feet) across residential, commercial, and retail developments. The company is currently present in major cities such as Mumbai, Navi Mumbai, NCR, Bengaluru, Hyderabad, and Chennai.
It's worth noting that Raymond Realty, the demerged realty arm of Raymond Ltd, recently made its debut on the stock exchanges. The stock debuted on the National Stock Exchange (NSE) at ₹1,000 against the discovered price of ₹1,039.30. However, it faced pressure after listing and was last seen trading at ₹985 per share on the NSE.
Raymond Realty has announced plans to launch six residential projects this fiscal year in the Mumbai Metropolitan Region, with an estimated revenue potential of about ₹14,000 crore. The demerger is expected to position Raymond Realty to pursue its growth trajectory as an independent pure-play real estate business.
In an interview with PTI, Raymond Realty's CEO, Harmohan Sahni, highlighted the company's significant land bank in the Mumbai Metropolitan Region (MMR), which will support its expansion plans.
Earlier in August 2025, L&T sold 19.75 lakh units of TVS Infrastructure Trust for ₹20 crore through an open market transaction. The units were sold 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.
L&T, the country's largest infrastructure developer, reported strong financial results for the first quarter of the current financial year (Q1FY26). The company's net profit increased by 30% to ₹3,617 crore in Q1 from ₹2,786 crore in the same period last year. Revenue from operations advanced 15% to ₹63,679 crore in Q1 from ₹55,120 crore in the year-ago period.
L&T's earnings before interest, taxes, depreciation, and amortisation (EBITDA), also known as operating profit, jumped 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, L&T received orders worth ₹94,453 crore at the group level.
Frequently Asked Questions
What is L&T Realty?
L&T Realty is the real estate arm of Larsen & Toubro, one of the leading real estate developers in India with a portfolio spanning 6.50 million square metres across residential, commercial, and retail developments.
Is L&T Realty planning to list on stock exchanges?
Yes, L&T Realty is considering listing on stock exchanges, though the exact timing is not yet determined. L&T Chairman S N Subrahmanyan has indicated that the company will ensure revenue sustainability before listing.
What are the recent financial results of Larsen & Toubro?
Larsen & Toubro reported a net profit of ₹3,617 crore in Q1FY26, marking a 30% increase from ₹2,786 crore in the same period last year. Revenue from operations advanced 15% to ₹63,679 crore.
What is the current status of Raymond Realty?
Raymond Realty, the demerged realty arm of Raymond Ltd, recently made its debut on the stock exchanges. It plans to launch six residential projects in the Mumbai Metropolitan Region with an estimated revenue potential of about ₹14,000 crore.
What does L&T Chairman S N Subrahmanyan say about the potential listing of L&T Green?
Subrahmanyan stated that it is too early to consider listing L&T Green, as the company needs to ensure the sustainability of the business and the environment in which it operates.
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