Larsen & Toubro's Fiscal Journey: Profit Dip and Order Book Growth

Larsen & Toubro (L&T) reported a 3% decline in its consolidated profit after tax for the March quarter FY26, compared to the previous year. However, its revenue from operations increased by 11%, and its order book reached a new high. The company is divesting stakes in Nabha Power and L&T Metro Rail.

Larsen & Toubro (L&T) has disclosed a 3% decrease in consolidated profit after tax for the March quarter of FY26, amounting to Rs 5,326 crore, down from Rs 5,497 crore a year prior. This decline is attributed to the absence of an exceptional gain from the previous year.

Despite the lower profit, L&T's revenue from operations saw an 11% increase, reaching Rs 82,762 crore. The company has undertaken strategic divestments, including full stakes in Nabha Power and L&T Metro Rail (Hyderabad), aligning with their strategy to exit from the concessions portfolio.

Bolstered by strong domestic fundamentals, L&T's order book reached an unprecedented Rs 7,40,327 crore, with international orders making up 52%. Going forward, the company anticipates growth through India's expanding digital economy and policy buffs.