L&T share price falls nearly 4% as Q4 net profit declines 3% to ₹5,326 crore; here's a look at company's order book

L&T share price: Shares of EPC giant Larsen & Toubro (L&T) slipped on Wednesday, May 6, after the company released its latest set of numbers for the quarter ended March 31, 2026.

The stock declined as much as 3.81% to ₹3,900 apiece on the National Stock Exchange (NSE). At 9:36 am, it was down 3.01% to ₹3,932.3 per unit.

L&T Q4 results, dividend update

The company had reported a consolidated post-tax profit of ₹5,497 crore in the year-ago period.

"The total consolidated PAT for the quarter was at ₹5,326 crore, reflecting a decline of 3%. The year-on-year decline in consolidated PAT is primarily attributable to an exceptional gain (net of tax & NCI) of ₹475 crore in the previous year," the filing said.

Revenue from operations advanced 11.3% to ₹82,762 crore in the latest March quarter, compared to ₹74,392 crore in the year-ago period.

The group's consolidated order book as of March 2026 stood at a record high of ₹7,40,327 crore, up 28% over March 2025.

Speaking on earnings, S N Subrahmanyan, the company's chairman & managing director, said, "The year concluded on a strong note, supported by good financial performance across segments. Order inflow for the year exceeded a record ₹4 lakh crore."

In a media briefing, L&T's Chief Financial Officer R Shankar Raman said in the fiscal year 2027 the company is targeting a 10%-12% rise in order inflows from last year's ₹4.85 lakh crore, despite flagging the shipment delays and geopolitical risks stretching execution timelines.

"In line with the general direction of growth, we will try to cast an annual plan. Since 12 months is a lot easier to forecast as compared to 60 months, we will look for guidance for the next 12 months and see how it rolls into the larger plan," a company executive said.

The earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 5% to ₹8,610 crore in the quarter under review as against ₹8,202 crore in Q4 FY25. Its EBITDA margin was at 10.4% vs 11.03% a year back.

The company's board also recommended a final dividend of ₹38 per share for FY26, subject to shareholders' approval. The record date has been set as May 22.