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Larsen & Toubro Limited Q2 FY26 results deck summary

NSE: LT · BSE: 500510

Results deck of 29 Oct 2025, summarised by AI from the filing.

Q2 FY26 revenue ₹680 bn (+10% y-o-y), PAT ₹39 bn (+16% y-o-y), order inflow ₹1158 bn (+45% y-o-y).

Key takeaways

  1. Order inflow Q2 FY26 order inflow ₹1158 bn, up 45% y-o-y; order book ₹6670 bn, up 31% y-o-y.
  2. Margin EBITDA margin declined to 10.0% in Q2 FY26 from 10.3% in Q2 FY25.
  3. Risk Subdued execution in Infrastructure and margin compression in IT & TS portfolio.

Original filing on BSE

Larsen & Toubro Limited Q1 FY27 results

As filed: Revenue ₹67,942 cr (+7% year on year), EBITDA ₹6,116 cr (−3% year on year), PAT ₹4,988 cr (+16% year on year), EBITDA margin 9.0% (−92 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹82,762 cr (+11% year on year), EBITDA ₹8,610 cr (−1% year on year), PAT ₹6,133 cr (+12% year on year), EBITDA margin 10.4% (−126 bps). Score 40 of 100, Below trend. Revenue growth was below the company's own trend; EBITDA growth was well below it; profit growth was in line with it. EBITDA margin fell 126 bps year on year. Revenue rose ₹8,370 cr on a year ago, more than the ₹7,313 cr it added the year before. Share price after the results: −2.8% in 30 days (Nifty 500: −1.4%).
  • Q3 FY26: Revenue ₹71,450 cr (+10% year on year), EBITDA ₹7,417 cr (+19% year on year), PAT ₹3,825 cr (+34% year on year), EBITDA margin 10.4% (+71 bps). Score 59 of 100, In line with trend. Revenue growth was below the company's own trend; EBITDA and profit before exceptional items growth were well above it. EBITDA margin rose 71 bps year on year. Other income 27% of PBT. Revenue rose ₹6,782 cr on a year ago, against ₹9,540 cr the year before. Share price after the results: +16.3% in 30 days (Nifty 500: +0.4%).
  • Q2 FY26: Revenue ₹67,984 cr (+10% year on year), EBITDA ₹6,807 cr (+7% year on year), PAT ₹4,678 cr (+14% year on year), EBITDA margin 10.0% (−32 bps). Score 35 of 100, Below trend. Revenue and EBITDA growth were well below the company's own trend; profit growth was in line with it. EBITDA margin fell 32 bps year on year. Consolidated profit +14% but standalone -280%. Revenue rose ₹6,429 cr on a year ago, against ₹10,531 cr the year before. Share price after the results: +2.8% in 30 days (Nifty 500: −0.1%).
  • Q1 FY26: Revenue ₹63,679 cr (+16% year on year), EBITDA ₹6,318 cr (+13% year on year), PAT ₹4,318 cr (+25% year on year), EBITDA margin 9.9% (−27 bps). Score 64 of 100, In line with trend. Revenue and EBITDA growth were in line with the company's own trend; profit growth was well above it. EBITDA margin fell 27 bps year on year. Revenue fell 14% from last quarter. Revenue rose ₹8,559 cr on a year ago, more than the ₹7,238 cr it added the year before. Share price after the results: +1.8% in 30 days (Nifty 500: −2.0%).
  • Q4 FY25: Revenue ₹74,392 cr (+11% year on year), EBITDA ₹8,677 cr (+20% year on year), PAT ₹5,497 cr (+10% year on year), EBITDA margin 11.7% (+88 bps). Score 59 of 100, In line with trend. Revenue growth was well below the company's own trend; EBITDA growth was well above it; profit growth was below it. EBITDA margin rose 88 bps year on year. Revenue rose ₹7,313 cr on a year ago, against ₹8,744 cr the year before. Share price after the results: +10.0% in 29 days (Nifty 500: +6.1%).
  • Q3 FY25: Revenue ₹64,668 cr (+17% year on year), EBITDA ₹6,255 cr (+9% year on year), PAT ₹3,974 cr (+11% year on year), EBITDA margin 9.7% (−77 bps). Score 46 of 100, In line with trend. Revenue and profit growth were in line with the company's own trend; EBITDA growth was below it. EBITDA margin fell 77 bps year on year. Profit fell 3% from last quarter. Revenue rose ₹9,540 cr on a year ago, more than the ₹8,738 cr it added the year before.
  • Q2 FY25: Revenue ₹61,555 cr (+21% year on year), EBITDA ₹6,362 cr (+13% year on year), PAT ₹4,099 cr (+7% year on year), EBITDA margin 10.3% (−70 bps). Score 48 of 100, In line with trend. EBITDA margin fell 70 bps year on year. Consolidated profit +7% but standalone -26%. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

Larsen & Toubro Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.