Stock Report

L&T Reports Q1 FY27 Results: Consolidated Net Profit Rises 15.5% YoY to ₹4,988 Crore on Back of Strong Execution and Order Inflow

Posted On : 2026-07-30 23:31:11( TIMEZONE : IST )

Engineering and infrastructure conglomerate Larsen & Toubro Limited (L&T) has reported its financial performance for the first quarter ended June 30, 2026 (Q1 FY27). The company achieved solid top-line expansion and double-digit profit growth, underpinned by robust execution across its core EPC verticals and sustained order momentum.

Consolidated Financial Highlights

L&T reported total consolidated revenue from operations of ₹67,941.74 crore for Q1 FY27, marking a 6.69% year-on-year (YoY) growth compared to ₹63,678.92 crore in Q1 FY26. Total income for the quarter reached ₹70,318.47 crore, up from ₹65,035.70 crore in the year-ago period.

Consolidated net profit after tax (attributable to owners of the company and non-controlling interests) rose 15.51% YoY to ₹4,988.03 crore, compared to ₹4,318.17 crore in Q1 FY26. Net profit attributable directly to the owners of the company stood at ₹4,122.85 crore (up 13.98% YoY from ₹3,617.19 crore).

Profit before tax (PBT) reached ₹6,922.26 crore, registering an 18.14% YoY increase over ₹5,859.53 crore reported in Q1 FY26. Total tax expenses for the consolidated entity stood at ₹1,939.41 crore.

The company's basic earnings per share (EPS) for the quarter rose to ₹29.97 (diluted EPS at ₹29.96), compared to ₹26.30 in Q1 FY26. Total comprehensive income for the quarter came in at ₹5,825.84 crore.

Standalone Performance

On a standalone basis, L&T generated revenue from operations of ₹36,024.07 crore during Q1 FY27, up 7.63% YoY compared to ₹33,470.73 crore in Q1 FY26. Total standalone income reached ₹40,118.48 crore, compared to ₹36,076.73 crore in the corresponding period of the previous year.

Standalone profit after tax (PAT) expanded 27.83% YoY to ₹4,455.26 crore, against ₹3,485.30 crore in Q1 FY26. Standalone profit before tax stood at ₹5,180.05 crore, up 28.22% YoY from ₹4,040.09 crore. Standalone basic EPS for the quarter was ₹32.39.

Order Inflow and Order Book Momentum

L&T secured orders worth ₹108,014 crore at the group level during the quarter ended June 30, 2026, registering a 14% YoY growth. Order wins were driven by key segments including Residential & Commercial buildings, Transportation Infrastructure, Ferrous Metals, Offshore Wind, and Heavy Engineering.

International orders accounted for ₹60,702 crore, representing 56% of total order inflows during the quarter.

As of June 30, 2026, the company's consolidated order book expanded to ₹778,954 crore, marking a 5% increase compared to March 31, 2026. International orders constituted 52% of the cumulative order book.

Segment-Wise Operational Performance

L&T's primary business verticals demonstrated broad-based revenue contributions during the quarter:

Infrastructure & Utilities: Remained the largest vertical with gross segment revenue of ₹22,143.53 crore and segment results of ₹804.41 crore.

Technology, Platforms & Services: Contributed gross revenue of ₹14,719.94 crore, up from ₹12,730.18 crore in Q1 FY26, with segment results growing to ₹2,353.78 crore.

Energy - Conventional: Recorded gross segment revenue of ₹14,246.31 crore (up 14.27% YoY from ₹12,467.57 crore), delivering segment results of ₹966.74 crore.

Energy - Green: Generated revenue of ₹5,607.09 crore with segment results of ₹321.59 crore.

Financial Services: Reported gross revenue of ₹5,041.69 crore (up 26.96% YoY from ₹3,971.01 crore) and segment results of ₹1,236.26 crore.

Manufacturing & Products: Generated gross revenue of ₹4,647.63 crore with segment results of ₹593.36 crore.

Realty: Contributed revenue of ₹1,133.40 crore, more than doubling YoY from ₹534.60 crore, delivering segment results of ₹346.90 crore.

Development Projects: Reported revenue of ₹1,073.69 crore with segment results of ₹124.46 crore.

Balance Sheet & Regulatory Indicators

L&T's paid-up equity share capital stood at ₹275.15 crore as of June 30, 2026 (face value of ₹2 per share). Consolidated net worth reached ₹106,288.94 crore.

Key financial ratios reported under SEBI Listing Regulations include:

Debt-Equity Ratio: 1.01 (compared to 1.13 in Q1 FY26)

Interest Service Coverage Ratio (ISCR): 11.42

Debt Service Coverage Ratio (DSCR): 10.72

Current Ratio: 1.25

Operating Margin: 9.00%

Net Profit Margin: 7.34%

Corporate Developments

During the quarter, L&T allotted 96,988 equity shares of ₹2 each fully paid-up under its employee stock option schemes. Additionally, L&T Power Development Limited (L&T PDL), a wholly owned subsidiary, completed the divestment of its entire stake in Nabha Power Limited (NPL) on June 25, 2026, following which NPL ceased to be a subsidiary of the company.

Shares of Larsen & Toubro Limited was last trading in BSE at Rs. 3938.45 as compared to the previous close of Rs. 3930.35. The total number of shares traded during the day was 106453 in over 16887 trades.

The stock hit an intraday high of Rs. 3952.00 and intraday low of 3882.70. The net turnover during the day was Rs. 418549412.00.