Larsen and Toubro Q2 results: Net profit jumps 16%, revenue rises to ₹67,984 crore

L&T’s revenue from operations for the quarter under review was at ₹67,984 crore, marking a growth of 10.4% from ₹61,555 crore reported in the fourth quarter of FY25.

For Q2 FY26, the company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) jumped 7% year-on-year (YoY) to ₹6,807 crore as against ₹6,362 crore in Q4 FY24. Its margin was almost flat at 10.1% in contrast to 10.3%.

Larsen & Toubro secured orders worth ₹210,237 crore, registering YoY growth of 39% for the half-year ended September 30, 2025. On a quarterly basis, orders worth ₹115,784 crore were received at the Group level during the quarter ended September 30, 2025. The company registered a YoY growth of 45%, aided by a strong order momentum across a broad spectrum of businesses.

The consolidated order book of the Group as of September 30, 2025, was at ₹667,047 crore, a growth of 15% over March 2025. International orders comprise 49% of the order book.

L&T achieved consolidated revenues of ₹1,31,662 crore for the half year ended September 30, 2025, marking a year-on-year growth of 13%. International revenues stood at ₹71,217 crore, contributing 54% to the total revenue.

For the same half-year period, the firm reported a consolidated profit after tax (PAT) of ₹7,543 crore, reflecting a 22% year-on-year increase.

Commenting on the results, S N Subrahmanyan, Chairman and Managing Director, said: “The Company has reported a well-rounded financial performance across all parameters. The consistent execution across a diverse portfolio highlights our strength in effectively navigating local/global challenges. We continue to witness higher capex spends in both our primary geographies of India and the Middle East and remain fairly optimistic about order prospects.”

Subrahmanyan said the company has reached an in-principle agreement with the Government of Telangana for the divestment of its stake in L&T Metro Rail (Hyderabad) Limited (L&TMRHL).

Segment-wise Performance Highlights

The segment order book stood at ₹ 394,706 crore as of September 30, 2025, with the share of international orders at 43%.

The segment order book stood at ₹ 214,496 crore as of September 30, 2025, with the international order book constituting 71% of the total.

The order book of the segment was at ₹ 39,064 crore as of September 30, 2025, with the share of export orders at 11%.

“To ensure long-term sustainable growth in a rapidly evolving business environment, efforts are ongoing to streamline and grow the emerging technology-led businesses, so as to complement our core businesses in the domains of engineering, construction, manufacturing and project management. Our IT&TS portfolio continues to perform well. Lastly, L&T Finance’s strategy to focus on the retail lending space through innovative products and tech-enabled operations has resulted in improved performance of the company,” Subrahmanyan further said.