Larsen & Toubro Q1 profit rises 14% to ₹4,123 crore on higher orders

Larsen & Toubro (L&T) on Tuesday reported a consolidated net profit of Rs 4,123 crore for the April-June quarter of the ongoing financial year 2027, marking nearly 14% year-on-year (YoY) rise from the Rs 3,617 crore net profit reported in the same period last year.The engineering major’s revenue from operations meanwhile rose around 7% YoY to Rs 67,942 crore during the June quarter of FY27, from Rs 63,679 crore in the corresponding quarter of FY26.International revenue stood at Rs 34,393 crore, accounting for nearly 51% of the company’s overall revenue.L&T said it secured orders worth Rs 1.08 lakh crore during Q1, registering 14% YoY growth. International order meanwhile stood at Rs 60,702 crore, contributing 56% to the total order inflow. The company’s consolidated order book rose 5% sequentially to Rs 7.79 lakh crore as on June 30, 2026. International order comprised 52% of the overall order book.During the quarter, L&T said that it won significant orders across multiple businesses such as residential and commercial buildings, transportation infrastructure, ferrous metals, offshore wind and the heavy engineering businesses.L&T segment-wise performanceAmong the segments, L&T’s infrastructure and utilities business secured order inflow of Rs 44,357 crore during Q1, marking over 100% YoY growth. Its conventional energy segment however saw a 90% YoY decline in orders at Rs 3,053 crore. The company said this reflects the deferment of certain anticipated orders and the high base effect arising from an ultra-mega order secured in the CarbonLite Solutions business in the corresponding period of the previous year. Meanwhile, green energy business’ order value rose 58% YoY.L&T’s technology, platform and services segment reported a 15% rise in order value, with EBITDA margin declining slightly to 19.2%, with higher manpower cost and forex variation adversely impacting hedged portfolio positions. The manufacturing and products segment saw 74% YoY growth in order value, while those of the financial services segment and realty grew 27% and 32% respectively.What L&T management saidFY27 commenced against the backdrop of geopolitical uncertainties, said S N Subrahmanyan, Chairman and Managing Director of L&T. He noted that the company managed to maintain momentum by rotating its focus across sectors and geographies while maintaining robust cash flows. “The performance for the quarter reflects our portfolio resilience,” he further said.“With a well-diversified portfolio spanning sectors and geographies, we remain confident of maintaining growth while capitalising on emerging opportunities. Our continued focus on disciplined execution with innovation positions us well to deliver sustainable long-term value for stakeholders,” the executive said.

Mumbai: Larsen & Toubro on Thursday reported a consolidated net profit of ₹4,123 crore for the first quarter of financial year 2026-27 (Q1 FY27), a 14% increase from ₹3,617 crore in the corresponding quarter of the previous fiscal year.Revenue PerformanceThe company's consolidated revenue from operations for Q1 FY27 stood at ₹67,942 crore, up 7% from ₹63,679 crore in Q1 FY26. International revenues contributed 51% to the total revenues at ₹34,393 crore, compared to 52% in the year-ago period.L&T Wins ₹5,000-10,000 Crore Mumbai Order, 26 Residential Towers To Rise 120 Metres Order Inflows and BookL&T secured fresh orders worth ₹108,014 crore during the quarter, registering a 14% year-on-year growth from ₹94,453 crore in Q1 FY26. International orders accounted for 56% of the total inflow at ₹60,702 crore.Segmental HighlightsThe Infrastructure & Utilities segment secured orders worth ₹44,357 crore, experiencing over 100% growth, while its customer revenues declined 3% to ₹21,858 crore. The Energy - Conventional segment saw a 90% decline in order inflows to ₹3,053 crore, but customer revenues rose 14% to ₹14,239 crore.Green Energy GrowthThe Energy - Green segment reported significant order inflows of ₹33,042 crore, up 58%, primarily from offshore wind projects. Its customer revenues, however, decreased 11% to ₹5,607 crore, impacted by supply chain disruptions.L&T Wins Mega Metals And Mining Orders, Projects Valued Up To Rs 15,000 Crore Financial Services and RealtyFinancial Services recorded an income from operations of ₹5,042 crore, a 27% increase, with its total loan book growing 6% to ₹129,634 crore. The Realty segment's order inflows rose 32% to ₹1,299 crore, and customer revenues more than doubled to ₹1,009 crore due to higher residential apartment handovers.Merger ApprovalL&T's Board approved the merger of L&T Power Development Limited, a wholly owned subsidiary, with the company. This scheme aims to streamline the group structure and enhance operational clarity.OutlookS.N. Subrahmanyan, Chairman & Managing Director, stated that the company remains focused on disciplined execution and financial discipline. He added that L&T aims to allocate capital judiciously across targeted growth sectors amidst geopolitical uncertainties.Management CommentarySubrahmanyan noted that the company has maintained momentum by focusing across sectors and geographies, ensuring robust cash flows. He added that the performance for the quarter reflects L&T's portfolio resilience.Sale of AssetsDuring the quarter, L&T concluded the sale of Nabha Power Limited. The company also signed a share purchase agreement to divest its entire stake in Hyderabad Metro Rail Limited.Disclaimer: This report is based on the company's filed financial results (standalone or consolidated, as applicable) and is intended solely for informational purposes. It does not constitute investment advice or a recommendation to buy, sell or hold any security.