L&T Q1 FY27 Results: PAT Rises 14% To ₹4,123 Crore, And Order Inflow Hits ₹1.08 Lakh Crore

Larsen & Toubro reported a steady start to FY27 with healthy order wins and higher profitability. Consolidated revenue for the June quarter rose 7% year-on-year to ₹67,942 crore from ₹63,679 crore in the corresponding period last year. Profit after tax increased 14% year-on-year to ₹4,123 crore from ₹3,620 crore.

The company secured fresh orders worth ₹1.08 lakh crore during the quarter, up 14% year-on-year, taking its total order book to ₹7.79 lakh crore as of June 30, 2026, a 27% increase from a year ago. International projects accounted for 52% of the order book, while overseas orders contributed 56% of the quarter's order inflow.

EBITDA stood at ₹6,123 crore, compared with ₹6,320 crore a year earlier, with the EBITDA margin moderating to 9.0% from 9.9%. Net working capital improved significantly to 4.9% of revenue from 10.1% a year ago, while return on equity stood at 16.1%. The company also generated operating cash flow of ₹434 crore, excluding the financial services business.

L&T Q1 FY27 Business Performance Highlights

L&T said order inflow was driven by ultra-mega offshore wind projects in Europe and continued momentum in domestic private sector investments. It also highlighted a near-term addressable opportunity pipeline of around ₹15 lakh crore.

The Energy-Conventional business delivered a 14% revenue growth, supported by stronger execution in the CarbonLite Solutions business. Manufacturing & Products reported a 9% increase in income as the Precision Engineering & Systems and Construction Equipment businesses showed excellent performance. But overall margins were down mainly due to the shift in sales mix.

Technology, Platforms & Services recorded 15% revenue growth, with LTM delivering broad-based expansion across businesses, while LTTS benefited from strong demand in its sustainability segment. Financial Services also maintained healthy momentum, with income from operations rising 27%, supported by robust retail disbursements, improving collection efficiency and better asset quality.

On the other hand, Infrastructure & Utilities revenue declined 3% because of the execution stage of its existing order book. At the same time, the Energy-Green segment saw revenue fall 11% due to supply chain disruptions in the solar business. Realty delivered strong growth, with revenue more than doubling on higher residential handovers in the Mumbai Metropolitan Region.

Management Commentary And Market Reaction

L&T said demand remains supported by private sector capital expenditure, energy transition projects, digital infrastructure and global technology investments despite geopolitical uncertainty and supply chain challenges.

At the close of trading on 28 July, L&T's share price was ₹3,832.0 on the National Stock Exchange, a rise of 2.69%.

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