New Delhi, Oct. 28 -- The scale and diversity of Larsen & Toubro's Rs.8.5 trillion orderbook helps it absorb the impact of external events and deliver steady financial performance, a top executive said.

The company is engaged in diverse businesses in multiple markets, allowing it to spread risk and be present wherever an investment cycle is active, according to R Shankar Raman, L&T's president and whole-time director for finance. He was speaking to the media a day after the company declared its Q2FY27 earnings on Tuesday.

"So, the wheel is so large with Rs.8.5 trillion of order book; we have sort of come to a zone where there are several compensating factors at play," he said. "And to that extent, I think unless we do something dramatic...