Larsen & Toubro Limited Q3 2026 Earnings Recap

LT.NS Q3 2026 January 29, 2026

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Larsen & Toubro reported a record quarterly order inflow of INR 1,356 billion in Q3 FY '26, driving a 31% year-on-year growth in recurring profit after tax, despite facing one-time cost impacts.

Earnings Per Share Miss

$23.37 vs $32.59 est.

-28.3% surprise

Revenue Miss

714497000000 vs 741144200000 est.

-3.6% surprise

Market Reaction

1-Day -0.02%

5-Day +3.92%

30-Day +8.99%

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Key Takeaways

Highest-ever quarterly order inflows of INR 1,356 billion, up 17% year-on-year.
Group revenues rose 10% year-on-year, with improved project execution despite sector-specific challenges.
Net working capital to revenue ratio improved significantly to 8.2%, reflecting enhanced operational efficiency.
Recurring profit after tax surged 31% year-on-year to INR 44 billion, while reported PAT declined 4% due to one-time Labour Codes impacts.
Significant strategic partnerships formed, including a collaboration with General Atomics for drone manufacturing and a tie-up with Holtec International for nuclear solutions.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit LT.NS on AllInvestView.