Larsen & Toubro reports 14% rise in Q1 profit; order inflows exceed FY27 guidance with 14% YoY growth
JefferiesS.N. SubrahmanyanCLSALarsen & Toubro

Larsen & Toubro reports 14% rise in Q1 profit; order inflows exceed FY27 guidance with 14% YoY growth

Larsen & Toubro reported a 14% rise in Q1 net profit to ₹4,123 crore, driven by treasury gains and a 7% increase in sales. The company secured orders worth ₹108,014 crore, exceeding its FY27 guidance with a 14% year-on-year growth in order inflows.

The Hindu The Hindu+1 source29 July 2026 · 05:09 UTC
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Larsen & Toubro achieved a consolidated net profit of ₹4,123 crore for Q1, marking a 14% year-on-year increase. This growth was bolstered by treasury gains and a 7% rise in revenues to ₹67,942 crore, surpassing market expectations.1

The company’s international revenues reached ₹34,393 crore, accounting for 51% of total revenues. Additionally, L&T secured orders worth ₹108,014 crore, reflecting a 14% YoY growth and exceeding its FY27 guidance of 10-12% growth.34

S.N. Subrahmanyan, Chairman and Managing Director, noted, “The financial year has commenced against the backdrop of geopolitical uncertainties.” Despite challenges, including the West Asia conflict, L&T maintained its growth projections for FY27.

The company’s consolidated order book stood at ₹778,954 crore as of June 30, 2026, a 5% increase from March 2026. Analysts remain optimistic, with Jefferies retaining a Buy rating and a target price of ₹5,000, indicating a potential upside of over 30%. CLSA also maintained an Outperform rating with a target price of ₹4,842, highlighting the growth driven by offshore projects in Europe and private-sector industrial capex in India.5678

Key Insight
“The Group's consolidated order book reached ₹778,954 crore as of June 30, 2026, reflecting a 5% growth over March 2026. Brokerages like Jefferies and CLSA have maintained positive ratings, with target prices of ₹5,000 and ₹4,842, respectively, indicating strong market confidence.”
L&T Q1 Results Shock: Profit Beats Estimates But Margins Fall, What Next For Investors? | ET Now
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L&T Q1 Results Shock: Profit Beats Estimates But Margins Fall, What Next For Investors? | ET Now
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The HinduThe Hindu
“Larsen & Toubro Q1 net profit surges 14% to ₹4,123 crore supported by treasury gains, sales up 7%”
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2
Moneycontrol.com
“Larsen & Toubro shares gained over 3 percent on July 29 after the engineering major reported better-than-expected June-quarter profit and revenue, while maintaining its FY27 guidance.”
Moneycontrol.com →
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EARLIER IN THE STORY:
Investing.com Nigeria
Larsen & Toubro Q1 profit rises as order book surges 27% year-over-year to ₹7,790 billion; order inflows reach ₹1,080 billion

Larsen & Toubro reported consolidated revenue of ₹679 billion for Q1 FY27, representing 7% year-over-year growth.

Geopolitical TensionsLarsen & ToubroQ1 Profit
2026-07-29
TL;DR by CuriousCats.ai
  • Larsen & Toubro's Q1 profit has risen as the order book surged 27% year-over-year to ₹7,790 billion, providing approximately three years of revenue visibility.
  • The company's order inflows for the quarter reached ₹1,080 billion, up 14% from the prior year, driven by 'ultra-mega offshore wind orders from Europe' and sustained domestic private sector demand.
  • Net working capital as a percentage of revenue improved dramatically to 4.9% from 10.1% a year earlier—a 520 basis point enhancement that demonstrates the company’s focus on cash conversion.
  • Larsen & Toubro maintains an addressable prospects pipeline of approximately ₹15 trillion for the near term, providing confidence in its ability to sustain order growth despite near-term execution headwinds.
Investing.com
Larsen & Toubro reports Q1 results with revenue of INR 679 billion and profit after tax of INR 41 billion; EBITDA margin slips to 9% amid growth in offshore wind.

Larsen & Toubro reported a 14% profit increase and 7% revenue growth for Q1 FY 2027.

Financial ReportLarsen & ToubroLarsen Toubro
2026-07-28
TL;DR by CuriousCats.ai
  • Larsen & Toubro reported group revenue of INR 679 billion and profit after tax of INR 41 billion for Q1 FY 2027, while maintaining its full-year growth targets for revenue and order inflows.
  • Revenue rose 7% year on year to INR 679 billion, while profit after tax climbed 14% to INR 41 billion.
  • The total order book reached INR 7.79 trillion, giving the company about three years of visibility.
  • EBITDA margin slipped to 9% from 9.9% a year earlier, reflecting lower execution and higher expected credit loss provisions.
  • Offshore wind emerged as a major growth area, with L&T securing an ultra-mega order under the TenneT North Sea HVDC program.
  • The company ended the quarter with an opportunity pipeline of about INR 15 trillion for the balance nine months of FY 2027.
Larsen and Toubro Limited reports Q1 financial results as US-Iran war impacts margins and order inflow
livemint.comlivemint.com
Larsen and Toubro Limited reports Q1 financial results as US-Iran war impacts margins and order inflow

The US-Iran war negatively impacted Larsen & Toubro Ltd's margins and order inflow for the second straight quarter.

Cost EscalationsInfrastructure SegmentL&T Margins
2026-07-28
TL;DR by CuriousCats.ai
  • L&T reports Q1 financial results, facing challenges as the US-Iran war continues to impact its margins and order inflow.
  • The EBITDA margin for L&T declined primarily due to the impact of the ongoing war in West Asia, leading to slower execution and increased project costs.
  • The blockade of the Strait of Hormuz has delayed material shipments to project sites, further impacting execution and costs.
  • The margin impact in the infrastructure segment has negatively affected overall margins due to slower execution caused by the war.
  • L&T expects some of the recent cost escalations to be reimbursed once the situation stabilizes.
Larsen and Toubro Limited reports Q1 financial results with a 14% increase in net profit to ₹4,123 crore and 7% rise in revenue to ₹67,942 crore.
NDTV Profit
Larsen and Toubro Limited reports Q1 financial results with a 14% increase in net profit to ₹4,123 crore and 7% rise in revenue to ₹67,942 crore.

L&T will report Q1 FY27 earnings on July 28, with a conference call at 7:30 p.m. IST.

L&T EarningsL&T Financial ResultsL&T Growth
2026-07-28
TL;DR by CuriousCats.ai
  • Larsen & Toubro Limited (L&T) reported a 14% increase in net profit to ₹4,123 crore for Q1 FY27, compared to ₹3,617 crore in the same quarter last year.
  • Revenue for the quarter rose 7% to ₹67,942 crore, up from ₹63,678 crore in the previous year.
  • L&T's order inflows for the quarter reached ₹1,08,014 crore, marking a 14% year-on-year increase.
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