Larsen & Toubro Q3 FY26 Results: Revenue Up 10%, Recurring PAT Surges 31%
Larsen & Toubro reported Q3 FY26 revenue of ₹714 billion, up 10% YoY. Recurring PAT surged 31% to ₹44 billion. Order inflow increased 17% to ₹1,356 billion, with the order book reaching ₹7,332 billion. Key growth drivers were Hi-Tech Manufacturing, Energy, and IT Services. Financial Services saw record retail disbursements.
The announcement contains crucial financial performance indicators like revenue growth, profit increase, and order book expansion, which are material information for investors and stakeholders.
The company reported strong year-on-year growth in revenue and a significant increase in recurring PAT, along with robust order inflow and a growing order book, indicating positive business performance.
Larsen & Toubro Limited has announced its financial results for the third quarter and nine months ended December 31, 2025 (Q3/9M FY26). The company reported a 10% year-on-year increase in revenue for Q3 FY26, reaching ₹714 billion (₹71,400 crore), compared to ₹647 billion (₹64,700 crore) in the corresponding period last year.
Recurring Profit After Tax (PAT) saw a significant jump of 31% year-on-year to ₹44 billion (₹4,400 crore) in Q3 FY26, up from ₹34 billion (₹3,400 crore) in Q3 FY25. This growth was attributed to improved activity levels, operational efficiencies, and efficient treasury operations. The Return on Equity (ROE) improved by 40 basis points year-on-year to 16.5%.
Order inflow for the quarter was robust, increasing by 17% year-on-year to ₹1,356 billion (₹1,35,600 crore), driven by strong domestic ordering momentum. The order book as of December 31, 2025, stood at ₹7,332 billion (₹7,33,200 crore), a 30% increase year-on-year. The company highlighted a strong prospect pipeline of approximately ₹5.9 trillion for the near term.
Key business segments contributing to revenue growth included Hi-Tech Manufacturing (34% YoY), Energy (15% YoY), and IT Services (12% YoY). The Infrastructure Projects segment saw a 5% increase in net revenue, while the Energy Projects segment revenue grew by 35% YoY. The Financial Services segment reported a 15% increase in income from operations and the highest ever retail disbursements in a quarter.
The company also noted an exceptional item impacting reported PAT, which included a one-time material increase in provision for employee benefits due to the New Labour Codes.
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