L&T Q1 Net Profit Rises 14% To ₹4,123 Crore

Larsen & Toubro (L&T) has reported a consolidated net profit of ₹4,123 crore for the first quarter of financial year 2026-27, a 14% increase from ₹3,617 crore in the corresponding quarter of the previous fiscal year.

The company's consolidated revenue from operations for Q1 FY27 stood at ₹67,942 crore, up 7% from ₹63,679 crore in Q1 FY26. International revenues contributed 51% to the total revenues at ₹34,393 crore, compared to 52% in the year-ago period.

L&T secured fresh orders worth ₹108,014 crore during the quarter, registering a 14% year-on-year growth from ₹94,453 crore in Q1 FY26. International orders accounted for 56% of the total inflow at ₹60,702 crore.

The Infrastructure & Utilities segment secured orders worth ₹44,357 crore, experiencing over 100% growth, while its customer revenues declined 3% to ₹21,858 crore. The Energy - Conventional segment saw a 90% decline in order inflows to ₹3,053 crore, but customer revenues rose 14% to ₹14,239 crore.

The Energy - Green segment reported significant order inflows of ₹33,042 crore, up 58%, primarily from offshore wind projects. Its customer revenues, however, decreased 11% to ₹5,607 crore, impacted by supply chain disruptions.

Financial Services recorded an income from operations of ₹5,042 crore, a 27% increase, with its total loan book growing 6% to ₹129,634 crore. The Realty segment's order inflows rose 32% to ₹1,299 crore, and customer revenues more than doubled to ₹1,009 crore due to higher residential apartment handovers.

L&T's Board approved the merger of L&T Power Development Limited, a wholly owned subsidiary, with the company. This scheme aims to streamline the group structure and enhance operational clarity.

S.N. Subrahmanyan, Chairman & Managing Director, stated that the company remains focused on disciplined execution and financial discipline. He added that L&T aims to allocate capital judiciously across targeted growth sectors amidst geopolitical uncertainties.

The company has maintained momentum by focusing across sectors and geographies, ensuring robust cash flows. The performance for the quarter reflects L&T's portfolio resilience.

During the quarter, L&T concluded the sale of Nabha Power Limited. The company also signed a share purchase agreement to divest its entire stake in Hyderabad Metro Rail Limited.

The strong performance of L&T in the first quarter of FY27 is a positive sign for the company and its investors. With a focus on disciplined execution and financial discipline, L&T is well-positioned to navigate the challenges of the current market and achieve its growth objectives.

In the context of the Indian economy, L&T's performance is significant as it is one of the largest and most diversified conglomerates in the country. The company's growth is closely tied to the growth of the Indian economy, and its performance is often seen as a bellwether for the overall health of the economy.

Overall, L&T's Q1 FY27 results are a testament to the company's resilience and its ability to adapt to changing market conditions. With a strong order book and a focus on disciplined execution, L&T is well-positioned for long-term growth and success.

The company's commitment to investing in targeted growth sectors and its focus on financial discipline are key factors that will drive its growth in the coming quarters. As the Indian economy continues to grow and evolve, L&T is likely to play a major role in shaping the country's infrastructure and industrial landscape.

In conclusion, L&T's Q1 FY27 results are a positive sign for the company and its investors. With a strong performance and a focus on disciplined execution, L&T is well-positioned for long-term growth and success.