Larsen & Toubro Approves Q1 FY27 Results and Merger of Subsidiary
Larsen & Toubro Limited reported Q1 FY27 consolidated revenues of ₹67,942 crore (up 7% YoY) and PAT of ₹4,123 crore (up 14% YoY). Order inflows grew 14% to ₹108,014 crore. The Board approved the merger of its wholly-owned subsidiary, L&T Power Development Limited, with the company.
The announcement includes strong financial results and a significant corporate action (merger of a subsidiary), which are material events for the company and its stakeholders.
The company reported strong year-on-year growth in revenues, PAT, and order inflows. The approval of a subsidiary merger is also a strategic positive step for streamlining operations.
Larsen & Toubro Limited's Board of Directors, in a meeting held on July 28, 2026, approved the Consolidated and Standalone Unaudited Financial Results for the quarter ended June 30, 2026. The company reported consolidated revenues of ₹67,942 crore, a 7% year-on-year growth, and a Consolidated Profit After Tax (PAT) of ₹4,123 crore, marking a 14% year-on-year increase. Group order inflows stood at ₹108,014 crore, up 14% year-on-year, with a consolidated order book of ₹778,954 crore as of June 30, 2026.
During the meeting, the Board also approved a Scheme of Amalgamation for merging L&T Power Development Limited, a wholly-owned subsidiary, with Larsen & Toubro Limited. This merger, subject to approvals from the National Company Law Tribunal (NCLT) and other regulatory bodies, aims to rationalize administrative efforts, streamline management, and simplify the group structure. The scheme involves the cancellation of shares held by L&T in L&T Power Development Limited, with no new shares or cash consideration being issued.
The financial results highlighted strong performance across various segments. The Infrastructure & Utilities segment saw a significant order inflow increase of over 100%, while the Energy - Green segment benefited from ultra-mega orders in the Offshore Wind business. The Technology, Platforms & Services segment reported a 15% year-on-year revenue growth. The Financial Services segment also showed robust growth with a 27% increase in income from operations.
Commenting on the results, S.N. Subrahmanyan, Chairman and Managing Director, noted the company's ability to maintain momentum amid geopolitical uncertainties and highlighted the successful conclusion of the sale of Nabha Power Limited and the signing of a share purchase agreement to divest stake in Hyderabad Metro SPV. He expressed confidence in maintaining growth and delivering sustainable long-term value.
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