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Larsen & Toubro reported a 3 per cent year-on-year decline in consolidated profit after tax at INR 5,326 crore for the March quarter of FY26, primarily due to a one-off gain recorded in the previous year. Revenue from operations rose 11 per cent to INR 82,762 crore, indicating steady execution across segments. The company’s order book reached an all-time high of INR 7,40,327 crore, with international orders contributing over half the total. During the period, L&T also moved ahead with divestments in its concessions portfolio, including Nabha Power and Hyderabad Metro. The company highlighted continued momentum in India’s services and digital economy, alongside board-level changes and a proposed dividend payout.
Larsen & Toubro reported in the past week a 3 per cent decline in its consolidated profit after tax for the March quarter of FY26, with earnings standing at INR 5,326 crore compared to INR 5,497 crore in the corresponding period a year earlier. The company attributed the decline primarily to an exceptional gain of INR 475 crore recorded in the previous year, which had elevated the base for comparison. Advertisement
Despite the dip in profit, the company registered an 11 per cent increase in revenue from operations during the quarter, which rose to INR 82,762 crore from INR 74,392 crore in the year-ago period. The performance reflects continued execution across its engineering, procurement and construction businesses, supported by domestic and international project pipelines.
During the financial year, L&T advanced its strategy to exit from its concessions portfolio. The company executed agreements to divest its entire stakes in Nabha Power Ltd and L&T Metro Rail (Hyderabad) Ltd, with transaction closures expected by the end of the following month. The management indicated that these divestments are aligned with its broader capital allocation strategy and focus on core businesses.
The company’s consolidated order book stood at a record INR 7,40,327 crore as of the end of March, marking a 28 per cent increase compared to the previous year. International orders accounted for 52 per cent of the total order book, underlining the company’s continued expansion in overseas markets and diversification of revenue streams.
On the broader outlook, L&T noted that India’s macroeconomic fundamentals and policy buffers are expected to provide resilience against external uncertainties. The company indicated that sectors such as services and the digital economy, which are relatively insulated from geopolitical disruptions in regions such as the Middle East, are likely to support growth momentum.
It further highlighted that expansion in fintech, cloud computing, artificial intelligence-led services, and the increasing presence of Global Capability Centres are expected to sustain demand across key segments. These trends are seen as contributing to ongoing infrastructure and technology investments, which remain central to the company’s business portfolio.
The board has recommended a final dividend of INR 38 per equity share for FY26, subject to shareholder approval. In addition, the company announced the appointment of P Ramakrishnan as its next chief financial officer.
Larsen & Toubro operates as a multinational engineering and construction group with a presence across multiple geographies, with activities spanning infrastructure development, manufacturing and services.
Source - PTI
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