Larsen & Toubro Q4 FY26 Analyst Presentation: Order Inflow Up 22%, Revenue Up 12%
Larsen & Toubro's Q4 FY26 results show a 22% YoY increase in order inflow to ₹4356 billion and a 12% YoY revenue growth to ₹2859 billion. Order book grew 28% to ₹7403 billion. Recurring PAT rose 18% to ₹172 billion. The company is divesting Nabha Power and Hyderabad Metro, expected to close in Q1 FY27.
The significant growth in order inflow and revenue, coupled with strategic business decisions like divestments and acquisitions, are material events that are likely to have a substantial impact on the company's future performance and investor sentiment.
The company reported strong year-on-year growth in order inflow and revenue, along with improved profitability and a healthy order book. Strategic divestments and acquisitions also indicate proactive business management.
Larsen & Toubro Limited (L&T) has released its Analyst Presentation for the fourth quarter and full fiscal year 2026. The company reported a significant 22% year-on-year growth in order inflow for Q4 FY26, reaching ₹4356 billion (₹4,35,600 crore). The total order book also saw a substantial increase of 28% year-on-year, standing at ₹7403 billion (₹7,40,300 crore).
Revenue for the quarter grew by 12% year-on-year to ₹2859 billion (₹2,85,900 crore). Recurring Profit After Tax (PAT) increased by 18% to ₹172 billion (₹17,200 crore). The company highlighted a multi-year low in Net Working Capital to Revenue ratio at 4.1%, with a 690 basis points improvement. Return on Equity (ROE) improved by 30 basis points to 16.6% (excluding the labour code impact).
Key segments driving revenue growth include Hi-Tech Manufacturing (45% YoY), Energy (36% YoY), and Financial Services (22% YoY). The Infrastructure Projects segment saw a 2% subdued progress. Geographically, international revenue constituted 54% of the total revenue in FY26, up from 50% in FY25. The Middle East remains a significant market, contributing 47% to order inflow and 36% to the order book in FY26.
L&T also announced strategic moves, including signing Share Purchase Agreements (SPAs) for the divestment of Nabha Power and Hyderabad Metro. These transactions are expected to close in Q1 FY27. The company is also pursuing strategic acquisitions, partnerships, and MoUs across Realty, Renewables, Green Energy, Defence, and Semiconductor businesses.
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