Larsen & Toubro Ltd

Larsen & Toubro FY26 Results: Order Book Hits ₹7.4T 📈

• Order inflow for FY26 reached ₹4,356 billion, a 22% increase from previous year

• Order book grew 28% year-on-year to ₹7,403 billion

• International orders account for 52% of total order book

• Q4 FY26 revenue of ₹828 billion, up 11% year-on-year

• Recurring profit after tax (PAT) rose 18% to ₹172 billion for FY26

• Cash flow from operations (excluding Financial Services) surged 87% to ₹355 billion

• Financial Services PAT grew 13% to ₹29.8 billion

• Return on equity (ROE) improved to 16.6% excluding labour code impact

• Net working capital improved significantly to 4.1% of revenue from 11.0%

• Lakshya 2031 targets: 10-12% CAGR for order inflows and 12-15% for revenue growth