Larsen & Toubro reported strong results for Q3 FY26, with record order inflow of ₹135,581 crore, up 17% year-over-year. Revenues reached ₹71,450 crore, a 10% increase. The order book surpassed ₹7 lakh crore. Recurring Profit After Tax (PAT) increased by 31% to ₹4,406 crore. However, consolidated PAT was impacted by a one-time provision related to new labor codes.
Record Order Inflow and Revenue Growth
Larsen & Toubro (L&T) secured orders worth ₹135,581 crore in Q3 FY26, marking a significant 17% year-over-year increase. This record order inflow was fueled by multiple geographies and diverse sectors, including thermal power, hydrocarbons, renewable infrastructure, and transmission & distribution. International orders contributed significantly, standing at ₹66,848 crore, or 49% of the total.
Financial Performance Highlights
The company’s revenues reached ₹71,450 crore, a 10% year-over-year growth. This growth was driven by steady execution across projects and manufacturing. International revenues were ₹38,775 crore, constituting 54% of total revenues. The order book now stands at ₹733,161 crore, reflecting a substantial 30% growth compared to December 2024, with international orders comprising 49%.
Profitability and Recurring PAT
Recurring Profit After Tax (PAT) for Q3 FY26 was reported at ₹4,406 crore, a notable 31% increase. However, the total Consolidated PAT for the quarter was ₹3,215 crore, which includes a one-time material provision of ₹1,191 crore (net of tax & NCI) for employee benefits related to the implementation of new labor codes.
Segment Performance
Infrastructure Projects recorded an order inflow of ₹61,876 crore, up 26%, with international orders accounting for 55%. Energy Projects secured ₹46,049 crore in orders, a 19% rise. Hi-Tech Manufacturing reported order inflows of ₹2,168 crore. IT & Technology Services customer revenues were ₹13,526 crore, a 12% increase.
Outlook and Future Strategy
L&T remains optimistic about maintaining pro-growth momentum through sustained capital expenditure and expects policy thrusts to strengthen domestic manufacturing. The company is confident in its ability to capitalize on emerging opportunities and deliver technology-led growth.
Source: BSE
