L&T shares up 1.6% after 16% YoY jump in net profit for Q2FY26; Orderbook at ₹6.67 lakh crore

Shares of Larsen & Toubro (L&T) jumped 1.6% in Thursday’s trading session after the company announced its Q2FY26 results during post-market hours on Wednesday. The shares closed in red with 0.3% losses. Ths shares traded at ₹4,026 apiece on the NSE at 9:23 am.

In the Q2FY26, the company’s consolidated revenue jumped 10% YoY to ₹67984 crore as against ₹61,55 crore in the same period last year. The international business contributed 56% of the revenue for the quarter, up from 52% in the previous year.

On the operational front, the company’s EBITDA jumped 7% YoY to ₹6,806 crore as against ₹6,362 crore with a 30 bps EBITDA margin contraction at 10%. The operational costs jumped 13% YoY to ₹61,178 crore as against ₹55193 crore in the same period last year.

The company continued to maintain its healthy order inflow during the quarter at 45% YoY growth from ₹80,045 crore in the Q2FY25 to ₹115,784 crore in the Q2FY26. The order inflow growth was aided by strong momentum across the broad segments. The quarter saw an order win in businesses such as Public Spaces, Data Centres, Commercial Buildings, Metro, Hydel & Tunnel, Transmission & Distribution, Renewables, and both offshore and onshore businesses in the Hydrocarbon sector.

As of the quarter ended September 2025, the company’s consolidated orderbook stood at ₹6.67 lakh crore, up 15% from March 2025, with a domestic: international ratio of 51:49.

The net profit for the quarter jumped 16% YoY to ₹3,926 crore as against ₹3,395 crore in the same period last year. Commenting on the quarterly results, S N Subrahmanyan, Chairman and Managing Director, said, “The Company has reported a well-rounded financial performance across all parameters. Our ability to repeatedly secure large orders across segments and geographies is a true testimony to the Company’s leadership position in the EPC domain.

The company remains bullish on India’s growth story and gave a resilient outlook amid a turbulent global environment. The company stated in the exchange filing, “India’s economic outlook remains resilient, as healthy domestic fundamentals facilitate navigation of the global geopolitical and macroeconomic situations. Against this economic backdrop, the Company has the necessary capability and flexibility to continuously rebalance its approach and strategy to benefit under the ever-changing business environment. The Company remains focused on tapping the emerging opportunities, investing and growing its new businesses, and ensuring long-term sustainable growth for its stakeholders.