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Infrastructure major Larsen & Toubro Ltd (L&T) on Tuesday (July 28) reported a 14% year-on-year increase in consolidated profit after tax (PAT) at ₹4,123 crore for the quarter ended June 30, 2026, compared with ₹3,617 crore in the year-ago period. The profit was above the CNBC-TV18 poll estimate of ₹3,490 crore.
Consolidated revenue stood at ₹67,942 crore, rising 6.7% year-on-year from ₹63,678 crore, driven by progress across several businesses. Revenue was also above the CNBC-TV18 poll estimate of ₹66,500 crore.
The company reported earnings before interest, tax, depreciation and amortisation (EBITDA) of ₹6,116 crore, down 3.2% from ₹6,318 crore in the corresponding quarter last year. EBITDA was below the CNBC-TV18 poll estimate of ₹6,410 crore.
The EBITDA margin stood at 9% in the quarter, compared with 9.9% a year ago and the CNBC-TV18 poll estimate of 9.6%.
L&T secured orders worth ₹1,08,014 crore during the quarter, a 14% year-on-year increase. The company received significant order wins across businesses, including residential and commercial buildings, transportation infrastructure, ferrous metals, offshore wind and heavy engineering.
revenue stood at ₹34,393 crore, contributing 51% to the company’s total revenue. orders stood at ₹60,702 crore, contributing 56% of the total order inflow.
The group’s consolidated order book stood at ₹7,78,954 crore as of June 30, 2026, registering a 5% growth over March 2026. orders accounted for 52% of the overall order book.
Energy – Conventional
Larsen & Toubro’s Energy – Conventional segment secured orders worth ₹3,053 crore during the quarter ended June 30, 2026, registering a 90% year-on-year decline. The decline was due to deferment of certain anticipated orders and the high base effect from an ultra-mega order secured in the CarbonLite Solutions business in the corresponding quarter last year.
orders contributed 77% of the total order inflow during the quarter. The segment’s order book stood at ₹2,21,541 crore as of June 30, 2026, with international orders accounting for 63% of the total order book.
Customer revenues for the quarter stood at ₹14,239 crore, registering a 14% year-on-year growth, driven by improved execution in the Hydrocarbon business and CarbonLite Solutions business. revenues contributed 68% of the segment’s total customer revenues.
The segment reported an EBITDA margin of 7.6% during the quarter, compared with 7.5% in the corresponding period last year.
Energy – Green
L&T’s Energy – Green segment secured orders worth ₹33,042 crore during the quarter, registering a 58% year-on-year growth. The increase was driven by the receipt of ultra-mega orders in the Offshore Wind business.
orders accounted for 98% of the total order inflow during the quarter. The segment’s order book stood at ₹1,46,700 crore as of June 30, 2026, with international orders contributing 97%.
Customer revenues for the segment stood at ₹5,607 crore, declining 11% year-on-year. The decline was largely due to supply chain disruptions arising from the West Asia conflict in the Solar business.
revenues contributed 87% of the segment’s total customer revenues during the quarter. The segment reported an EBITDA margin of 6.0% in Q1 FY27, compared with 6.1% in the year-ago quarter.
Manufacturing & Products
The Manufacturing & Products segment reported order inflows of ₹5,535 crore during the quarter, registering a 74% year-on-year growth. The increase was driven by multiple refinery equipment package orders in the Heavy Engineering business.
Export orders contributed 59% of the segment’s total order inflow during the quarter. The segment’s order book stood at ₹42,476 crore as of June 30, 2026, with export orders accounting for 19% of the total.
Customer revenues increased 9% year-on-year to ₹4,486 crore, supported by improved execution progress in Precision Engineering & Systems, Construction Equipment & Mining Machinery and Rubber Processing Machinery businesses.
revenues contributed 16% of total customer revenues. The segment’s EBITDA margin stood at 15.2%, compared with 17.5% in the corresponding quarter last year, due to changes in the sales mix within the portfolio.
Technology, Platforms & Services
The Technology, Platforms & Services segment reported customer revenues of ₹14,627 crore for the quarter, registering a 15% year-on-year growth, driven by continued engagement across the information technology and technology services (IT&TS) sector.
billing contributed 92% of the segment’s total customer revenues during the quarter. The segment delivered an EBITDA margin of 19.2% compared with 19.5% in the year-ago quarter. The marginal decline was due to higher manpower costs and foreign exchange variations impacting hedged portfolio positions.
Shares of Larsen and Toubro Ltd ended at ₹3,832.75, up by ₹28.45, or 0.75%, on the BSE.
