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L&T Q4 FY26 Earnings: Engineering and construction major Larsen & Toubro (L&T) on Tuesday reported a consolidated net profit of Rs 5,325.6 crore for the quarter ended March 31, almost in line with Street estimates. The net profit marked a year-on-year decline of 3.1 per cent. The company said the decline was primarily attributable to an exceptional gain of Rs 475 crore in the previous year. For the final three months of FY25, L&T's net profit had stood at Rs 5,497.3 crore.
The company's March-quarter revenue grew 11.3 per cent on a year-on-year basis to Rs 82,762.2 crore, according to a regulatory filing. The company had posted Rs 74,392 crore in the top line for the year-ago period.
Its recurring profit for the March quarter stood at Rs 5,289 crore, up 5.0 per cent, according to the company.





L&T said its international revenue was at Rs 43,747 crore for the quarter, contributing 53 per cent to its overall revenue.
The company's revenue was in line with analysts' expectations and its net profit nearly met the mark.
According to Zee Business research, L&T was estimated to log a net profit of Rs 5,359 crore with revenue of Rs 82,557 crore for the March quarter.
Revenue from infrastructure projects grew 2.0 per cent to Rs 39,694 crore. Energy project and hi-tech manufacturing revenue rose 35.5 per cent 44.9 per cent to Rs 16,594 crore and Rs 4,861 crore, respectively.
The company reported a 12.8 per cent increase in its IT and tech services revenue to Rs 14,078 crore.
L&T's consolidated order inflows for the fourth quarter stood at Rs 89,772 crore, as the company bagged several high-value orders spanning its commercial and residential buildings, roads and runways, urban transport, transmission and distribution, and hydrocarbon onshore businesses. International orders, said the company, were at Rs 59,994 crore, contributing 67 per cecnt to to its total order inflow.
The group’s consolidated order book stood at an all-time high of Rs 7,40,327 crore, as of March 31, marking 28 per cent growth. The book included 52 per cent international orders.
The company declared a final dividend of Rs 38 per equity share for FY26, subject to shareholders' nod.
The year concluded on a strong note, supported by good financial performance across segments, said SN Subrahmanyan, Chairman and Managing Director, L&T. "Order inflow for the year exceeded a record Rs 4 lakh crore -- a clear reflection of our strategy, built on a strong domestic base complemented by a significant international presence, enabling the Company to exploit global opportunities," he said.
"Over the past years, we have strengthened our leadership position through timely execution, operational excellence, and a commitment to innovation. Our growing international presence underscores our ability to compete on a global scale," he said.
"Our well-diversified portfolio ensures resilience and positions us to capture both, near-term and long-term growth opportunities. This approach demonstrates the Company’s readiness to navigate an increasingly complex business landscape," added Subrahmanyan.
Outlook
L&T noted that the global environment remains challenging, characterised by geopolitical matters resulting in disrupted trade conditions. The country’s GDP growth, it said, is supported by sustained domestic demand and public capital expenditure, with an improvement in private sector investments.
As India enters FY27, the country’s GDP growth is projected to remain among the fastest-growing major economies in the world, with its strong macroeconomic fundamentals and policy buffers offering some protection from external headwinds, said L&T.
Noting that the country's service sector and digital economy are relatively less exposed to disruptions in the Middle East, and are expected to remain key growth engines. "Momentum is likely to be sustained by continued expansion in fintech, cloud technologies, AI-enabled services, and the rise of Global Capability Centers (GCCs)," said L&T.
"As the economic environment continues to evolve, the Company remains focused on maximising shareholder value by driving operational excellence through AI & digital initiatives to enhance cost competitiveness, maintaining working capital discipline, prudent capital allocation, and ensuring effective and profitable execution of its robust order book," it added.
FY26 performance
For the year ended March 31, the company reported an 18 per cent jump in its recurring profit to Rs 17,238 crore and 12 per cent growth in its revenue to Rs 2,85,874 crore.
Its group order inflows jumped 22 per cent to a record high of Rs 4,35,590 crore, according to the company.
Earlier on Tuesday, the L&T stock ended 1.1 per cent lower at Rs 4,056.2 apiece on BSE.
At this level, L&T shares are down 1.6 per cent for the year, while the Nifty50 has dropped 8.1 per cent.
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