Larsen & Toubro's Q3 FY 2025-26 Quarterly Results
- 29 Jan 2026
Result Summary
- Larsen & Toubro Ltd reported a 5.1% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 11.1%.
- Its expenses for the quarter were up by 4.3% QoQ and 9.0% YoY.
- The net profit decreased 18.2% QoQ and decreased 3.8% YoY.
- The earnings per share (EPS) of Larsen & Toubro Ltd stood at 23.36 during Q3 FY 2025-26.
Financial Statments for Q3 FY 2025-26
Total Income | 72890.74 | 69367.81 | 65635.65 | 5.1% | 11.1% |
Total Expenses | 65729.76 | 63031.70 | 60302.62 | 4.3% | 9.0% |
Profit Before Tax | 5817.22 | 6336.11 | 5333.03 | -8.2% | 9.1% |
Tax | 1987.99 | 1649.02 | 1332.00 | 20.6% | 49.2% |
Profit After Tax | 3824.65 | 4678.01 | 3973.98 | -18.2% | -3.8% |
Earnings Per Share | 23.36 | 28.53 | 24.41 | -18.1% | -4.3% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Larsen & Toubro Ltd, commonly known as L&T, is a major Indian multinational company with a strong presence in engineering, construction, manufacturing, technology, and financial services. Operating primarily in the infrastructure sector, L&T is renowned for its expertise in executing large-scale projects across various industries, including construction, power, heavy engineering, and more. The company is headquartered in Mumbai, India, and has a significant global footprint, executing projects in various countries. Recent developments have seen L&T focus on digital transformation and sustainability as part of its growth strategy, aligning with global trends in technology adoption and environmental consciousness.
Revenue
For the third quarter of the fiscal year 2026 (Q3FY26), Larsen & Toubro Ltd reported a total income of ₹72,890.74 crores, showing a quarter-over-quarter (QoQ) increase of 5.1% from ₹69,367.81 crores in Q2FY26. Year-over-year (YoY) growth was 11.1% compared to ₹65,635.65 crores in Q3FY25. This revenue growth reflects the company's expanding operations and successful execution of its ongoing projects. The increase in total income is indicative of the company's ability to secure and deliver on contracts effectively, maintaining its growth trajectory in the competitive infrastructure sector.
Profitability
Larsen & Toubro Ltd's profitability for Q3FY26 saw a profit before tax (PBT) of ₹5,817.22 crores, which represents a decline of 8.2% QoQ from ₹6,336.11 crores in Q2FY26 but a YoY increase of 9.1% from ₹5,333.03 crores in Q3FY25. The tax expense for the quarter was ₹1,987.99 crores, which increased by 20.6% QoQ and 49.2% YoY, leading to a profit after tax (PAT) of ₹3,824.65 crores, down 18.2% QoQ and 3.8% YoY. Earnings per share (EPS) decreased by 18.1% QoQ to ₹23.36 from ₹28.53 in Q2FY26 and fell by 4.3% YoY from ₹24.41 in Q3FY25. These changes in profitability metrics indicate the impact of increased tax expenses on the company's net income for the quarter.
Operating Metrics
Total expenses for Larsen & Toubro Ltd in Q3FY26 amounted to ₹65,729.76 crores, increasing by 4.3% QoQ from ₹63,031.70 crores in Q2FY26 and by 9.0% YoY from ₹60,302.62 crores in Q3FY25. The controlled rise in expenses compared to income growth highlights the company's operational efficiency and cost management efforts. Despite the increase in expenses, the company managed to maintain a positive income growth trajectory, showcasing its ability to optimize operational processes and manage costs effectively while expanding its operations. The financial metrics reflect the company's strategic focus on achieving sustainable growth through efficient project execution and resource management.