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L&T Q4 Results Preview: Construction giant seen maintaining double-digit margin—Results on THIS date
L&T Q4 FY26 Results Preview: Analysts expect L&T to stage a mixed performance for the January-March period, with a double-digit percentage fall in its net profit and a steady margin.
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L&T Q4 Results Preview: Construction giant seen maintaining double-digit margin—Results on THIS date
Written By: ZeeBiz WebTeam
Updated: Fri, May 01, 2026
08:36 AM IST
08:36 AM IST
New Delhi, ZeeBiz WebDesk
Mumbai-headquartered engineering and construction major Larsen & Toubro (L&T) is set to report its financial results for the quarter as well as the year ended March 31 on Tuesday, May 5. Analysts expect the conglomerate to stage a mixed financial performance for the final three months of FY26, with double-digit percentage growth in revenue and a 50 basis-point dip in its quarterly margin. The company's board will also consider a dividend on the same day.
Here's what investors can expect from the EPC giant's upcoming financial results:
L&T Q4 FY26 earnings preview: What to expect in headline numbers?
According to Zee Business research, Larsen & Toubro is estimated to register consolidated reveue of Rs 82,557 crore for the final three months of FY26, which translates to an increase of 11 per cent over the corresponding period a year ago.
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For the quarter ended March 31, 2025, the company's top line had stood at Rs 74,392.3 crore.
Its net profit for the quarter ended March is estimated to fall 13 per cent on a year-on-year basis to Rs 5,359 crore, according to the research.
L&T Q4 Results Due on May 5: What to expect in operational numbers?
The company is estimated to stage a steady operational performance.
The analysts peg its March-quarter earnings before interest, taxes, depreciation and amortisation (EBITDA) at Rs 8,665 crore, up 5.6 per cent over the year-ago period.
They estimate its margin to shrink to 10.5 per cent from 11.0 per cent a year ago.
Margin is a key measure of profitability.
Other expectations
According to the research, the company is estimated to register a 13 per cent decline in order inflows owing to a higher base.
The company is expected to witness supply chain and geopoitical pressure during the quarter that may prevent its margin from growing.
Q3 results
For the quarter ended December 31, L&T reported a 4.3 per cent fall in its net profit to Rs 3,215.1 crore that was worse than analysts' expectations. Analysts had pegged the net profit at Rs 4,151 crore.
Its third-quarter revenue rose 10.5 per cent to Rs 71,449.7 crore, driven by strong execution across the company’s businesses.
The company's margin stood at 10.38 per cent.
In Q3, the company clinched 17 per cent growth in its order book.
Where does L&T win its orders from?
In FY25, infrastructure accounted for 40 per cent of the company's total order book, while energy enjoyed a share of 25 per cent, followed by services (19 per cent) and high-tech manufacturing (5 per cent), according to an analyst presentation.
Geography-wise, 42 per cent of its order book inflows were from India, 34 per cent from the Middle East, 14 per cent from the US and Europe, and the remaining 10 per cent from the rest of the world.
Larsen & Toubro shares
As of April 30 (intraday), the L&T stock is down around 3 per cent so far this year, better than an 8 per cent fall in the Nifty 50.
L&T dividend history
The engineering and construction giant has been paying annual dividends consistently.
Here's a summary of L&T dividends in the past five years:
| Announcement date | Ex-dividend date | Dividend type | Dividend amount |
|---|---|---|---|
| 08 May, 2025 | 03 Jun, 2025 | Final | Rs 34 |
| 08 May, 2024 | 20 Jun, 2024 | Final | Rs 28 |
| 20 Jul, 2023 | 02 Aug, 2023 | Special | Rs 6 |
| 10 May, 2023 | 02 Aug, 2023 | Final | Rs 24 |
| 12 May, 2022 | 21 Jul, 2022 | Final | Rs 22 |
| 14 May, 2021 | 28 Jul, 2021 | Final | Rs 18 |
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