Quick Take
- L&T Q1 profit rose 14% to Rs 4,123 Cr in Q1 FY27, filed June 30, 2026.
- Consolidated revenue grew 7% to Rs 67,942 Cr, with order inflow up 14% to Rs 108,014 Cr.
- L&T closed the Nabha Power sale and signed the Hyderabad Metro exit, sharpening its core focus.
In This Article
L&T Q1 profit rose 14% year on year to Rs 4,123 crore for the quarter ended June 30, 2026 (Q1 FY27), Larsen & Toubro said in its stock exchange filing. Consolidated revenue grew 7% to Rs 67,942 crore over the year-ago period.
The engineering and construction major posted the result on July 28, 2026. Growth came from steady execution across its infrastructure, hi-tech manufacturing, and services businesses, along with lower finance costs and higher other income. The company also crossed Rs 1 lakh crore in fresh orders during a single quarter. Full details sit in the L&T investor relations filings.
StartupFeed Insight
The real story in L&T Q1 profit is not the 14% headline, it is the mix shift. Domestic Infrastructure & Utilities revenue fell 3% on water business execution, yet total order inflow still jumped 14%, because international orders now drive 56% of new wins. That means L&T’s next two years hinge on Gulf and offshore markets, not just India capex. Watch founders and analysts tracking defence and green energy: StartupFeed expects L&T to report its Hyderabad Metro exit as closed by the December 2026 quarter, freeing capital for its Lakshya 2031 bets. By Harshvardhan Jain.
L&T Q1 Profit: The Numbers Breakdown
L&T Q1 profit attributable to owners stood at Rs 4,123 crore, up from Rs 3,617 crore a year earlier, per the company filing. Overall consolidated profit, including minority interests, rose 15.5% to Rs 4,988 crore. Finance costs fell sharply, aiding the bottom line.
| Metric | Q1 FY27 | Notes |
|---|---|---|
| Net Profit (to owners) | Rs 4,123 Cr | +14% YoY (company filing) |
| Revenue from Operations | Rs 67,942 Cr | +7% YoY (company filing) |
| Order Inflow | Rs 108,014 Cr | +14% YoY (company filing) |
| Consolidated Order Book | Rs 778,954 Cr | +5% over March 2026 |
| EBITDA | Rs 6,116 Cr | -3.2% YoY (company filing) |
| Announcement Date | July 28, 2026 | For quarter ended June 30, 2026 |
One figure stands out: EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) slipped 3.2% to Rs 6,116 crore even as profit rose, showing that lower finance costs and other income, not operating margin, powered the quarter.
About Larsen & Toubro
Larsen & Toubro (L&T) is an Indian multinational founded in 1938 by Henning Holck-Larsen and Soren Kristian Toubro, headquartered in Mumbai. It runs engineering, procurement and construction (EPC) projects, hi-tech manufacturing, and technology services across sectors and geographies. The group posted a consolidated order book of Rs 778,954 crore as of June 30, 2026, and is chaired by S N Subrahmanyan.
How Strong Was the Order Inflow?
L&T secured fresh orders worth Rs 108,014 crore in Q1 FY27, a 14% rise over Rs 94,453 crore a year earlier, the company said. International orders made up 56% of the total at Rs 60,702 crore. The Infrastructure & Utilities segment alone booked Rs 44,357 crore, more than doubling year on year.
“The financial year has commenced against the backdrop of geopolitical uncertainties. The Company has managed to maintain momentum by rotating its focus across sectors and geographies while maintaining robust cash flows,” S N Subrahmanyan, Chairman and Managing Director, L&T.
The order strength offsets a soft patch at home. Infrastructure & Utilities customer revenue fell 3% to Rs 21,858 crore, which L&T linked to execution challenges in its water and effluent treatment business.
Why Is L&T Selling Nabha Power and Metro?
L&T is exiting capital-heavy concession assets to sharpen its core EPC and manufacturing focus under its Lakshya 2031 plan. The company completed the sale of Nabha Power Limited on June 25, 2026, and signed a share purchase agreement to sell its full stake in the Hyderabad Metro business to Hyderabad Metro Rail Limited, a Government of Telangana enterprise.
The metro exit timeline now points to September 30, 2026, per the company’s filing. Effective April 1, 2026, L&T also realigned its reporting segments, renaming Infrastructure Projects as Infrastructure & Utilities, to improve capital allocation. You can read the strategy detail in the official L&T newsroom.
How Does L&T Compare With Rivals?
L&T remains India’s largest EPC player by order book, well ahead of listed construction peers. Its Q1 FY27 order book of Rs 778,954 crore dwarfs most single-segment rivals, giving it multi-year revenue visibility.
| Company | Q1 FY27 Order Inflow | Focus |
|---|---|---|
| L&T | Rs 108,014 Cr | Diversified EPC, defence, tech |
| Segment split | 56% international | Gulf, offshore heavy |
| Order book cover | Rs 778,954 Cr | Multi-year visibility |
What sets L&T apart is scale plus spread: no domestic peer matches its blend of infrastructure, defence, green energy, and IT services under one group.
What’s Next
Watch the September 2026 quarter for the Hyderabad Metro exit to close, which will free up capital and cut concession losses. L&T has also pushed deeper into offshore wind, data centres, and defence, so its next order updates will test that pivot. Will international demand keep carrying L&T while domestic infrastructure execution recovers?
Frequently Asked Questions
Disclaimer: This article is for informational purposes only and does not constitute investment advice. StartupFeed and its authors are not SEBI-registered investment advisors. The analysis above is based on publicly available information and should not be the sole basis for any investment decision. Please consult a SEBI-registered financial advisor before making investment decisions.
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