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Earnings Call

Larsen & Toubro Earnings Call: Key Takeaways

L&T reported FY26 revenue of ₹2,859 bn (+12% YoY) and recurring PAT of ₹172 bn (+18% YoY). Strategy shifts to 'Lakshya 2031' focusing on green energy and IT services.

Why this was an Alfa AlertNot a filter event. Actual FY26 revenue (₹2.9T) and order inflow (₹4.4T) met or slightly exceeded Lakshya 26 targets (₹2.7T and ₹3.4T) but without explicit management confirmation of a material guidance beat.
Highlights
Revenue growthFY26 consolidated revenue grew 12% YoY to ₹2,859 bn.
MarginsEBITDA margin slightly declined to 10.2% from 10.3% YoY.
Order bookRecord ₹7,403 bn; International orders constitute 52% of total.
Demand visibilityStrong; addressable prospect pipeline of ₹17.8 trillion for FY27.
Management confidenceHigh; transitioning from Lakshya 26 to Lakshya 2031 strategic plan.

Growth

FY26 Order Inflow grew 22% to ₹4,356 bn; Order Book reached record ₹7,403 bn (+28% YoY).

Outlook

Lakshya 2031 targets growth in Green Energy, Semiconductors, and Data Centers. FY26 ROE hit 16.6%.

Risks

Headwinds include geopolitical realignment, supply chain friction, input cost volatility, and investment deferrals.

Source

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

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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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