Larsen & Toubro Reports 14 Percent Profit Rise for First Quarter as Orders Surge to ₹1.08 Lakh Crore
New Delhi, July 28, 2026: Larsen & Toubro (L&T) announced strong financial results for the first quarter ended June 30, 2026, delivering a 14 percent year-on-year increase in consolidated Profit After Tax (PAT) to ₹4,123 crore. Consolidated revenues for the engineering, procurement, and construction conglomerate rose 7 percent year-on-year to ₹67,942 crore, supported by steady execution momentum across its diversified operating segments. International markets played a dominant role in the company’s financial output, contributing ₹34,393 crore, or 51 percent, of total quarterly revenue, L&T said in a press release.
The group secured consolidated order inflows worth ₹108,014 crore during the quarter, representing a 14 percent year-on-year growth driven by major project wins in residential and commercial buildings, transportation infrastructure, ferrous metals, offshore wind, and heavy engineering. International orders formed 56 percent of total inflows at ₹60,702 crore. As of June 30, 2026, L&T’s total order book stood at ₹778,954 crore, marking a 5 percent increase over March 2026, with international orders comprising 52 percent of the total pipeline.
“The financial year has commenced against the backdrop of geopolitical uncertainties. The Company has managed to maintain momentum by rotating its focus across sectors and geographies while maintaining robust cash flows. The performance for the quarter reflects our portfolio resilience. During the quarter, we successfully concluded the sale of Nabha Power Limited, consistent with our stated strategy of exiting the concessions portfolio. Further, we have signed the share purchase agreement with Hyderabad Metro Rail Limited (“HMRL”), a Government of Telangana Enterprise, to divest 100% of our stake in Hyderabad Metro SPV. With a well-diversified portfolio spanning sectors and geographies, we remain confident of maintaining growth while capitalising on emerging opportunities. Our continued focus on disciplined execution with innovation positions us well to deliver sustainable long-term value for stakeholders,” said S N Subrahmanyan, Chairman and Managing Director.
The quarter marked the implementation of L&T’s Lakshya 2031 strategic plan realignment, which restructured reporting segments to enhance strategic capital allocation and agility. Under the new layout, Infrastructure & Utilities generated customer revenues of ₹21,858 crore, down 3 percent year-on-year due to execution challenges in Water & Effluent Treatment, though order inflows for the segment surged over 100 percent to ₹44,357 crore. The newly carved-out Energy – Green segment secured ₹33,042 crore in orders, up 58 percent year-on-year due to offshore wind awards, though its quarterly revenues fell 11 percent to ₹5,607 crore amid supply chain disruptions from West Asia affecting the solar business.
Across other segments, Energy – Conventional revenue grew 14 percent to ₹14,239 crore on improved execution in hydrocarbon and CarbonLite solutions, while Manufacturing & Products revenue rose 9 percent to ₹4,486 crore with order inflows surging 74 percent to ₹5,535 crore. Technology, Platforms & Services generated revenues of ₹14,627 crore, up 15 percent, with 92 percent coming from international billing. Financial Services recorded a 27 percent increase in operational income to ₹5,042 crore as its loan book expanded to ₹129,634 crore, while the Realty segment saw customer revenues double to ₹1,009 crore following higher apartment handovers. The Development Projects segment recorded revenues of ₹1,074 crore and an EBIT of ₹124 crore prior to key divestments.
Looking ahead, L&T expects domestic demand and manufacturing momentum to keep the Indian economy resilient, though supply chain disruptions, elevated energy costs, currency depreciation, and West Asia geopolitical volatility present ongoing risks. The group stated that it remains focused on executing its order book efficiently, maintaining capital discipline, and deploying artificial intelligence and digital tools to enhance productivity.
