Larsen & Toubro (L&T) announced its Q3 FY26 results, revealing a 17% year-over-year increase in order inflow, reaching ₹135,581 crore. Revenues also increased by 10% to ₹71,450 crore, and the order book now exceeds ₹7 lakh crore. Recurring PAT saw a substantial rise of 31%, amounting to ₹4,406 crore. The company remains optimistic about sustained growth due to continued capital expenditure and supportive government policies.
Financial Performance Highlights
Larsen & Toubro’s Q3 FY26 results showcase robust growth across key metrics. The company reported a record order inflow of ₹135,581 crore, a 17% increase compared to Q3 FY25. Revenues reached ₹71,450 crore, reflecting a 10% year-over-year growth. The company’s order book has now surpassed ₹7 lakh crore, indicating a strong pipeline for future revenue generation.
Order Inflow and Revenue Details
The order inflow was driven by various sectors, including Thermal Power, Hydrocarbons, Renewable Infrastructure, Transmission & Distribution, and Roads & Runways. International orders contributed significantly, standing at ₹66,848 crore, which is 49% of the total order inflow. For the nine months ended December 31, 2025, the company recorded consolidated order inflows of ₹345,818 crore, registering a 30% year-over-year growth, with international orders contributing 55% of the total.
Profitability and Key Ratios
The Recurring Profit After Tax (PAT) for Q3 FY26 was reported at ₹4,406 crore, a substantial 31% increase year-over-year. The total Consolidated PAT for the quarter at ₹3,215 crore includes a one-time provision of ₹1,191 crore (net of tax & NCI) towards employee benefits from the new labor codes, classified under Exceptional Items. Similarly, for the nine months ended December 31, 2025, the Recurring PAT stood at ₹11,949 crore, registered a growth of 25% year-over-year.
Segment Performance
Infrastructure Projects: Recorded an order inflow of ₹61,876 crore, a 26% increase year-over-year. International orders accounted for 55% of the total.
Energy Projects: Secured order inflows of ₹46,049 crore, registering a 19% year-over-year growth, with international order inflows constituting 43% of the total.
Hi-Tech Manufacturing: Reported order inflows of ₹2,168 crore. Customer revenues were ₹3,267 crore, registering a 34% year-over-year growth.
IT & Technology Services: Reported customer revenues of ₹13,526 crore, a 12% year-over-year growth. International billing accounted for 92% of total customer revenues.
Financial Services and Other Segments
Financial Services: Reported income from operations of ₹4,477 crore, a 15% year-over-year growth, with the total Loan Book at ₹114,285 crore.
Development Projects: Reported customer revenues of ₹1,160 crore.
Others: Reported customer revenues of ₹2,594 crore, a 55% year-over-year growth.
Outlook and Strategic Direction
The company anticipates sustained growth momentum, supported by continued capital expenditure and supportive policies for domestic manufacturing and digitalization. L&T remains committed to technology-led growth and long-term value creation for stakeholders.
Source: BSE
