L&T Q2 FY27 Results: Profit Rises 33% As Record Order Inflows Reach ₹1.48 Lakh Crore And Revenue Grows

Larsen & Toubro reported consolidated revenue of ₹78,750 crore for Q2 FY27. This was an increase of 16% from ₹67,984 crore a year earlier. Consolidated profit after tax (PAT) also increased to ₹5,202 crore from ₹3,926 crore, reflecting a 33% rise.

The L&T Q2 results showed continued project execution and strong order wins, although operating profitability remained under pressure.

The L&T share price closed at ₹3,665.10 on 27 October 2026 on the National Stock Exchange (NSE).

L&T Q2 Results: Order Inflows And Order Book Performance

L&T secured record quarterly orders worth ₹1,47,665 crore, up 28% YoY. International orders added ₹92,375 crore, or 63% of the total. The consolidated L&T order book stood at ₹8,53,514 crore on 30 September 2026, up 15% from 31 March 2026, providing visibility for future execution.

For the first half of the year, order inflows increased by 22% to ₹2,55,678 crore. In this, international orders accounted for around 60%.

EBITDA Margin Narrows Despite Higher Profit

Quarterly earnings before interest, tax, depreciation and amortisation (EBITDA) were nearly flat at ₹6,845 crore against ₹6,806 crore, while the EBITDA margin narrowed to 8.7% from 10%. Finance costs fell 38% to ₹473 crore, helping support the increase in L&T profit.

For H1 FY27, revenue grew 11% to ₹1,46,692 crore, and PAT rose 24% to ₹9,325 crore, even as EBITDA declined 1% to ₹12,961 crore.

Which Business Segments Stood Out?

Conventional Energy segment revenue grew 29% to ₹17,285 crore. Green Energy segment revenue rose even higher, 43%, to ₹11,493 crore. Manufacturing and Products segment revenue increased 34% to ₹4,480 crore, with its EBITDA margin improving to 15.7%.

Infrastructure and Utilities segment revenue grew 6%, but its margin fell to 5.7%. Realty segment revenue fell 43% to ₹225 crore due to fewer residential handovers.

What Did Management Say?

Chairman and Managing Director S N Subrahmanyan highlighted the record order inflow and order book. He attributed customer confidence, project execution and a risk-calibrated approach to bidding as important drivers, together with continued investment in technology and innovation.

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