L&T Reports Strong Q2 & H1 FY26 Results: Order Inflow Up 39%, PAT Rises 22%
L&T reported strong Q2 and H1 FY26 results with significant growth in order inflow, revenue, and PAT, driven by robust project execution and strategic divestment plans.
The announcement details strong financial performance across key metrics (order inflow, revenue, PAT, order book) for a major engineering and construction conglomerate. The positive growth figures and optimistic management outlook indicate robust business health and potential for continued growth, which is highly significant for investors.
The company reported substantial year-on-year growth in order inflow (39%), revenue (13%), and PAT (22%) for the half-year, along with a healthy consolidated order book. The management's commentary is optimistic about future prospects and strategic initiatives like the divestment of L&T Metro Rail (Hyderabad) Limited are in line with long-term objectives.
Larsen & Toubro Limited announced its consolidated and standalone unaudited financial results for the quarter and half-year ended September 30, 2025, following a Board Meeting held on October 29, 2025. The company reported a strong financial performance: * For the half-year ended September 30, 2025: * Order Inflow: ₹ 210,237 crore, a year-on-year growth of 39%. International orders constituted 59%. * Consolidated Revenues: ₹ 131,662 crore, a year-on-year growth of 13%. International revenues were 54%. * Consolidated Profit After Tax (PAT): ₹ 7,543 crore, a year-on-year growth of 22%. * For the quarter ended September 30, 2025: * Order Inflow: ₹ 115,784 crore, a year-on-year growth of 45%. International orders accounted for 65%. * Consolidated Revenues: ₹ 67,984 crore, a year-on-year growth of 10%. International revenues were 56%. * Consolidated Profit After Tax (PAT): ₹ 3,926 crore, a year-on-year growth of 16%. * The consolidated order book as of September 30, 2025, stood at ₹ 667,047 crore, a 15% growth over March 2025, with international orders comprising 49%.
S N Subrahmanyan, Chairman and Managing Director, commented on the well-rounded financial performance, highlighting the company's ability to secure large orders and consistent execution. He noted higher capital expenditure in India and the Middle East, making the company optimistic about order prospects. He also mentioned an in-principle understanding to divest L&T Metro Rail (Hyderabad) Limited to the Government of Telangana, aligning with the Lakshya 2026 objective to exit public concessions.
Segment-wise performance for Q2 FY26 included: * Energy Projects: Over 100% growth in order inflow to ₹ 38,156 crore, driven by ultra-mega orders in the Hydrocarbon sector. * Financial Services: Loan Book grew 10% to ₹ 107,096 crore, with retail loans comprising 98%.
The outlook remains positive, with India's GDP growth projected at 6.5%-7.0% in FY26, supporting L&T's focus on emerging opportunities and sustainable growth.
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Larsen & Toubro Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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