Larsen & Toubro Approves Q1 FY27 Results; Merges Wholly-Owned Subsidiary
Larsen & Toubro 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 company approved the merger of its wholly-owned subsidiary, L&T Power Development Limited, with itself.
The financial results show robust performance, and the merger of a subsidiary is a significant corporate action that will impact the company's structure and operations.
The company reported strong year-on-year growth in revenue, profit after tax, and order inflows. The approval of a merger with a subsidiary is also a strategic move that can lead to operational efficiencies.
Larsen & Toubro Limited announced the approval of its 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 increase, and a Consolidated Profit After Tax (PAT) of ₹4,123 crore, up 14% year-on-year. Group order inflows reached ₹108,014 crore, marking a 14% year-on-year growth, with the consolidated order book standing at ₹778,954 crore as of June 30, 2026.
The Board of Directors also approved the merger of L&T Power Development Limited, a wholly-owned subsidiary, with the company. This scheme of amalgamation is subject to necessary approvals, including sanction by the National Company Law Tribunal (NCLT).
Commenting on the results, S N Subrahmanyan, Chairman and Managing Director, highlighted the company's resilience amidst geopolitical uncertainties and its strategy of exiting the concessions portfolio, citing the successful conclusion of the sale of Nabha Power Limited and the signing of a share purchase agreement with Hyderabad Metro Rail Limited.
The company also presented segment-wise performance highlights, with significant order inflows reported in Infrastructure & Utilities and Energy – Green segments. The Technology, Platforms & Services segment showed strong revenue growth, while the Financial Services segment reported a notable increase in its loan book and profitability.
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