L&T’s Order Inflow Grows 17% YoY in Q326, International Orders Almost Half of Total

New Delhi, January 29, 2026: Larsen & Toubro Ltd secured orders worth INR 135,581 crore, reflecting a year-on-year (YoY) growth of 17 per cent for the quarter ended December 31, 2025. The quarter’s order inflow spanned multiple geographies and set of diverse sectors including, Thermal Power, Hydrocarbons, Renewable Infrastructure, Transmission & Distribution and Roads & Runways. International orders stood at INR 66,848 crore, contributing 49 per cent to the total order inflow.

For the nine months ended December 31, 2025, the company recorded consolidated order inflows of INR 345,818 crore, registering a YoY growth of 30 per cent. The strong performance was driven by several high-value order wins across Public Spaces, Commercial Buildings, Roads & Runways, Metro, Hydel & Tunnel, Transmission & Distribution, Renewables, Ferrous & Non-Ferrous Metals, Thermal BTG, and the Hydrocarbon businesses. International orders stood at INR 191,084 crore, contributing 55 per cent of the total order inflow.

The group’s consolidated order book as on December 31, 2025, stood at INR 733,161 crore, reflecting a 30 per cent growth over December 2024. International orders constituted 49 per cent of the overall order book.

The company for the quarter ended December 31, 2025, reported consolidated revenues of INR 71,450 crore, a YoY growth of 10 per cent, driven by steady execution progress across the various businesses within the Projects & Manufacturing (P&M) portfolio. International revenues were INR 38,775 crore, constituting 54 per cent of total revenues.

For the nine months ended December 31, 2025, the company reported consolidated revenues of INR 203,112 crore, reflecting a YoY growth of 12 per cent. International revenues stood at INR 109,991 crore, contributing 54 per cent of the company’s total revenues.

The company posted a Recurring Profit After Tax (PAT) of INR 4,406 crore for the quarter ended December 31, 2025, registering an YoY growth of 31 per cent. The total Consolidated PAT for the quarter at INR 3,215 crore includes a one-time material provision of INR 1,191 crore (net of tax & NCI) towards employee benefits arising from the implementation of the new labour codes which has been classified under Exceptional Items.

Similarly, for the nine months ended December 31, 2025, the Recurring PAT stood at INR 11,949 crore, registered a growth of 25 per cent YoY basis.

Commenting on the results, SN Subrahmanyan, Chairman and Managing Director, said: “We have witnessed another landmark quarter for the company as we posted our highest ever quarterly order inflow. For the first time, the quarterly order inflow in our Projects & Manufacturing (P&M) portfolio has exceeded the INR 1 lakh crore mark – a clear reflection of our capabilities and the inherent strength of our business model.

“Consequently, the order book of the company has surpassed the INR 7 lakh crore mark. This growth is driven by our unwavering commitment to provide sustainable execution, leveraging cutting-edge technology and seamlessly integrating ESG principles into our business framework.

“Looking ahead, we remain optimistic that pro-growth momentum will be maintained in the eco-system through sustained capital expenditure. We expect additional policy thrust to strengthen domestic manufacturing and fiscal incentives to support the deepening of India’s digital and AI ecosystem.”