L&T Q1 Results FY26 – Larsen & Toubro (L&T) has announced its Q1 results for FY2026 (April to June 2025), showcasing strong growth in revenue, profitability, and record-high order inflows. Backed by a robust performance in infrastructure and energy segments, the company continues to build a strong order book, including a significant contribution from international markets.
As someone who closely tracks the infrastructure sector and L&T’s performance, I’ve consistently seen the company lead the market due to its strong execution and diversified project base. This quarter’s results confirm the continued trust investors place in L&T’s long-term potential.
IN THIS ARTICLE
L&T Q1 FY26 Results Overview
| Particulars | Q1 FY26 (₹ Crore) | Q1 FY25 (₹ Crore) | Year-on-Year Growth |
|---|---|---|---|
| Revenue | 63,679 | 54,885 | +16% |
| Net Profit (PAT) | 3,617 | 2,785 | +30% |
| EBITDA | 6,318 | 5,589 | +13% |
| EBITDA Margin (%) | 9.9% | 10.2% | Slight decrease |
| Order Inflow | 94,453 | 71,500 | +32% |
| Total Order Book | 6,12,761 | 5,80,000* | +6% (QoQ) |
*Estimated for previous quarter.
Segment-wise Performance in L&T Q1 Results FY26
Infrastructure Business Revenue and Orders
- Revenue from infrastructure projects stood at ₹28,757 crore, a 7% increase compared to the same quarter last year.
- The segment secured ₹41,024 crore in new orders, with 69% coming from international markets.
- The EBITDA margin for this segment remained steady at 5.7%.
L&T’s infrastructure arm benefited from urban transport, water supply, and metro projects both in India and abroad.
Energy Projects Growth in Q1 FY26
- Energy segment revenue rose sharply by 47% to ₹12,470 crore.
- Order inflows reached ₹31,420 crore, a major jump from the previous year.
- About 71% of the revenue came from international markets.
- EBITDA margin for this segment dropped slightly to 7.3%.
Strong growth was driven by demand in hydrocarbon and renewable energy sectors.
Hi-Tech Manufacturing Business Performance
- Revenue increased by 75% year-on-year to ₹3,227 crore.
- Order inflow stood at ₹1,889 crore, which is lower compared to last year due to a high base effect.
- EBITDA margin was 15.1%, reflecting early-stage execution of several projects.
This segment includes defense equipment and heavy engineering projects.
L&T IT and Technology Services Update
- Revenue from IT and technology services grew by 10% to ₹12,619 crore.
- The segment recorded 92% revenue from international clients.
- EBITDA margin was slightly lower at 19.5%, mainly due to investments in new business areas.
The digital and tech business remains a stable contributor to L&T’s profitability.
Financial Services Business Highlights
- The financial services division reported ₹3,971 crore in revenue, an 8% increase.
- The total loan book grew to ₹1.02 lakh crore, with 98% being retail loans.
- Profit before tax was ₹943 crore, in line with expectations.
L&T continues to focus on retail lending and asset quality in this segment.
Development Projects and Realty Segment Performance
- Development projects revenue was ₹1,242 crore, down by 6% year-on-year.
- Realty and other businesses contributed ₹1,393 crore in revenue, up by 1%.
- The EBITDA margin in the “Others” category was strong at 32.9%.
The decline in development project revenue was due to delays in road and metro projects.
L&T Order Book and International Business Contribution
- L&T achieved record order inflows worth ₹94,453 crore in Q1 FY26, a 32% growth over the previous year.
- The international order contribution stood at 52% of the total new orders.
- The company’s total order book at the end of the quarter stood at ₹6.13 lakh crore, with 46% from global markets.
International demand, especially from the Middle East and Southeast Asia, continues to support L&T’s growth.
Guidance and Future Outlook for L&T
Management is confident about achieving double-digit revenue growth for the full financial year. While margins were slightly compressed due to early-stage projects, they are expected to improve in the upcoming quarters.
Key growth areas to watch:
- Government investment in infrastructure and urban development
- Global demand in renewable energy and power transmission
- Continued digital transformation across industries
- Strong international presence driving new contracts
Conclusion: L&T Q1 Results FY26 Reflect Strong Growth and Global Expansion
L&T’s Q1 FY26 results reflect strong execution and a solid financial position. A 30% rise in net profit, 16% revenue growth, and a record ₹94,453 crore in order inflows clearly indicate positive momentum.
With a diversified business model and a growing global footprint, Larsen & Toubro remains one of the most stable and growth-focused companies in India’s infrastructure and engineering sector.
