Larsen & Toubro shares soar 4.5% after robust Q1 earnings: Check segment-wise updates

The infrastructure major reported a net profit of ₹3,617 crore in the first quarter of the current financial year (Q1FY26), marking an increase of 30% from ₹2,786 crore in the same period last year.

The Mumbai-based company's revenue from operations advanced 15% to ₹63,679 crore in Q1 from ₹55,120 crore in the year-ago period. The company also registered 16% growth with healthy execution witnessed in its key projects and manufacturing (P&M) portfolio.

The international revenues during the quarter were at ₹32,994 crore, which constituted 52% of the total revenues.

Larsen & Toubro reported stable operational performance as its earnings before interest, taxes, depreciation, and amortisation (EBITDA), also known as operating profit, jumped 12.5% to ₹6,318 crore from ₹5,615 crore in the corresponding period last year.

Its operating profit margin, however, slipped 30 basis points to 9.92% from 10.2% in the year-ago period.

Following the earnings, L&T shares were trading 4.36% higher at ₹3,648 apiece on the National Stock Exchange. It was the top contributor on the 50-share index in the morning session.

L&T’s orders flow grew 33%, worth ₹94,453 crore in the reporting quarter at the group level, aided by a strong ordering momentum witnessed across diverse businesses. Its international orders stood at ₹48,675 crore, accounting for 52% of the total order inflow.

“During the quarter, orders were received across multiple businesses like Thermal BTG, Renewables, Power Transmission & Distribution, Hydel, Non-Ferrous Metals, Offshore & Onshore businesses of Hydrocarbon, and Commercial and Residential projects,” the firm said in a statement.

The consolidated order book of the group as of June 30, 2025, was at ₹612,761 crore, a growth of 6% over Mar’25. The share of international orders is 46%.

The company’s strong prospect pipeline of approximately ₹15 lakh crore for the remaining nine months

“This quarter we have performed well across all financial parameters. At a group level, we registered, once again, the highest order inflow for Q1 ever. Besides improved performance on all P&L parameters, the return ratios have also moved higher. The projects and manufacturing businesses of the company continue to perform well. The record order book of ₹ 6 lakh crore+ is a testimony of our proven expertise in the domains of engineering, construction, manufacturing, and project management," said SN Subrahmanyan, Chairman and Managing Director of L&T.

• The infrastructure projects segment secured order inflow of ₹ 41,024 crore in the first quarter, registering growth of 2% over the corresponding quarter of the previous year.

• The Energy Projects segment secured orders worth ₹31,420 crore in Q1, registering more than 100% growth on a YoY basis with the receipt of multiple BTG packages in the CarbonLite Solutions business.

• The Hi-Tech manufacturing segment bagged orders at ₹1,889 crore for Q1, a 49% decline over the corresponding quarter of the previous year primarily attributable to a high base in the Precision Engineering & Systems (PES) business.

• The IT & Technology Services (IT&TS) segment revenues were ₹12,619 crore in the reporting quarter, registering a yearly growth of 10%, largely in line with the cautious IT&TS spending across the developed world.

• For the financial services section, L&T recorded income from operations at ₹3,971 crore in Q1 with a yearly growth of 8%, mainly attributable to the focused higher disbursements in the retail business.

• In its further outlook, L&T said that given the prevailing economic environment, it remains focused on sustained execution of its large order book, scaling up the new businesses, and capitalising on the emerging opportunities.

• “The company continues to pursue its stated objective of delivering profitable growth through its diverse business portfolio and multi-geography presence,” it said.