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Earnings Call

Larsen & Toubro Earnings Call: Key Takeaways

L&T delivered strong FY26 performance with 12% revenue growth and 18% Recurring PAT growth. Management unveiled 'Lakshya 2031' strategy focusing on AI-led models, green energy, and semiconductor design.

Why this was an Alfa AlertNot a filter event. FY26 actuals (Revenue ₹2.9T, Order Inflow ₹4.4T) exceeded original Lakshya 26 targets (₹2.7T, ₹3.4T), but no recent beat vs upper-end guidance with management confirmation was stated.
Highlights
Revenue growth12% YoY for FY26; 11% for Q4 FY26.
MarginsGroup EBITDA margin slightly down to 10.2% from 10.3%.
Order bookRecord ₹7,403bn; International orders constitute 52%.
Demand visibilityHealthy prospects pipeline of ~₹17.8 trillion for FY27.

Growth

FY26 Revenue reached ₹2,859bn (+12% YoY); Recurring PAT at ₹172bn (+18% YoY). Order Inflow grew 22% to ₹4,356bn.

Outlook

Order book stands at ₹7,403bn. Lakshya 2031 targets growth in Green Energy, Data Centers, and Semiconductor Design.

Risks

Supply chain friction, input cost volatility, geopolitical realignment, and investment deferrals are key cited risks.

Source

Earnings Call filed with BSE, NSE: LT. Summary written with AI assistance from the document.

Read the document ↗

Larsen & Toubro Ltd: key numbers

Share price
₹3,876.20
Market cap
₹5,45,359 Cr
Revenue (annual)
₹2,85,874 Cr
Net profit (annual)
₹16,084 Cr
P/E (TTM)
32.9×Sector 33.0×
Promoter holding
0.00%+0.00% QoQ
FII holding
19.13%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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