Larsen & Toubro share price surges over 3.5% post Q3 earnings; details you need to know

The index heavyweight on Wednesday reported a 4.2% drop in consolidated profit after tax (PAT) at ₹3,215 crore for the December quarter of FY26 on the back of higher expenses.

The company had posted a PAT of ₹3,359 crore in the year-ago period, L&T said in a filing to the BSE.

However, revenue from operations in the October-December period rose to ₹71,450 crore from ₹64,668 crore logged in the year-ago period, the filing said.

Total expenses during the quarter rose to ₹65,729.76 crore from ₹60,302.62 crore seen in the year-ago period.

L&T's order book update

As of December 31, 2025, the group's consolidated order book reached ₹7,33,161 crore, a 30% increase from December 2024, with international orders making up 49% of the overall order book.

What the management said

"Looking ahead, we remain optimistic that pro-growth momentum will be maintained in the ecosystem through sustained capital expenditure," said Chairman and Managing Director S N Subrahmanyan.

The chairman added that they expect additional policy thrust to strengthen domestic manufacturing and fiscal incentives to support the deepening of India's digital and AI ecosystem.

"As we scale up, we remain committed to delivering technology-led growth and creating long-term value for our stakeholders," the chairman said.

About L&T

Larsen & Toubro is a $30-billion Indian multinational engaged in engineering, procurement, and construction projects, hi-tech manufacturing, and services, operating across multiple geographies.

Other key details

• In its press release, L&T said that it secured orders worth ₹135,581 crore, reflecting a YoY growth of 17% for the quarter ended December 31, 2025. The quarter’s order inflow spanned multiple geographies and a diverse set of sectors, including thermal power, hydrocarbons, renewable infrastructure, transmission & distribution, and roads & runways.

• International orders stood at ₹66,848 crore, contributing 49% to the total order inflow.

9M FY26 earnings

• For the nine months ended December 31, 2025, the company recorded consolidated order inflows of ₹ 345,818 crore, registering a YoY growth of 30%.

• The strong performance was driven by several high-value order wins across Public Spaces, Commercial Buildings, Roads & Runways, Metro, Hydel & Tunnel, Transmission & Distribution, Renewables, Ferrous & Non-Ferrous Metals, Thermal BTG, and the Hydrocarbon businesses.

• International orders stood at ₹191,084 crore, contributing 55% of the total order inflow.

Outlook

L&T said it was confident that the various reform measures currently being undertaken will continue to foster a supportive investment climate, further strengthened by the country’s demonstrated resilience.

The company remains well positioned to capitalise on emerging opportunities. Its strategy of expanding its geographical footprint, driving efficient execution across the Projects & Manufacturing portfolio, focusing on cost & cash flow management, and strengthening its services businesses in a rapidly evolving business environment is expected to enhance returns to all stakeholders.