Larsen & Toubro Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Published 25 Aug 2026 | Construction | Market Cap: ₹5.6L Cr
Larsen & Toubro (L&T) remains committed to its FY '27 revenue growth guidance of 10% to 12%. - Order inflows grew strongly by 14% YoY in Q1 FY '27 despite temporary project deferments. - The prospects pipeline remains healthy at Rs. L&T maintains a FY 2027 revenue growth guidance of 10% to 12%. - Targeted margin for FY 2027 in the Projects, Products & Manufacturing (PPM) portfolio is around 7.8%. - Group EBITDA margin for Q1 FY '27 was 9.0% excluding other income, down from 9.9% last year, mainly due to lower execution and higher ECL provisions. - Group PAT for Q1 FY '27 increased by 14% year-on-year, aided by strong services performance and higher treasury income. - Order prospects pipeline remains healthy at ~Rs.
From Larsen & Toubro Ltd's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Price
₹4,116
Market Cap
₹5.6L Cr
P/E Ratio
32.0
Revenue Rank
Margin Rank
How does Larsen & Toubro Ltd rank in Construction?
Compare Larsen & Toubro Ltd against every Construction company this quarter on revenue, margins and earnings-call signals.
Larsen & Toubro Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹82.8K Cr, net profit ₹6.1K Cr.
Full financials →📊 Revenue & Sales Performance
Rank 3- →Larsen & Toubro (L&T) remains committed to its FY '27 revenue growth guidance of 10% to 12%.
- →Order inflows grew strongly by 14% YoY in Q1 FY '27 despite temporary project deferments.
- →The prospects pipeline remains healthy at Rs. 15 trillion for the remaining nine months of FY '27, supporting strong visibility.
- →Growth is driven by ongoing investment momentum in both public and private sectors in India, and robust tendering/bidding activities globally.
- →Large order backlog (~Rs. 8 lakh crores) spanning 3-4 years offers stability and capacity to scale execution.
- →No significant constraints are expected across sub-segments, except targeted execution focus on offshore wind.
- →Some revenue growth moderation was expected in Q1 due to Middle East geopolitical disruptions, but Q2 onwards execution and growth are expected to normalize.
- →L&T's diversified business model and prudent risk management support sustained growth amid dynamic operating conditions.
📈 Profitability & Margins
Rank 3- →L&T maintains a FY 2027 revenue growth guidance of 10% to 12%.
- →Targeted margin for FY 2027 in the Projects, Products & Manufacturing (PPM) portfolio is around 7.8%.
- →Group EBITDA margin for Q1 FY '27 was 9.0% excluding other income, down from 9.9% last year, mainly due to lower execution and higher ECL provisions.
- →Group PAT for Q1 FY '27 increased by 14% year-on-year, aided by strong services performance and higher treasury income.
- →Order prospects pipeline remains healthy at ~Rs. 15 trillion for the next nine months, with balanced domestic (49%) and private sector share (~45%).
- →Offshore wind and renewables expected to contribute positively over next 4-5 years with potentially better margins.
- →Other income currently elevated due to higher cash yields but may moderate as investments ramp up in green energy and data centers.
- →Overall outlook assumes improving execution environment with no significant order deferments expected.
🏗️ Capital Expenditure Plans
Yes💰 Fundraising & Capital Structure
No information📋 Order Book & Pipeline
Yes- →Total order book stood at Rs. 7.79 trillion as of June 2026, a 27% increase from June 2025.
- →Domestic order book (excluding Realty) is Rs. 3.54 trillion with 40% private sector share.
- →International order book is Rs. 4.07 trillion; Middle East accounts for 71%, Europe 14%, rest spread across other regions.
- →Offshore wind order book is around Rs. 57,000-60,000 crores (about 8 GW capacity), to be executed over 4-5 years.
- →Order prospects pipeline stands at approximately Rs. 15.07 trillion, with 49% domestic share and 45% private sector within domestic.
- →Rs. 2.5 billion worth of slow-moving orders were deleted during the quarter.
- →Backlog is healthy, with about three years of order book in EPC; no peak order book issues noted across segments.
- →The company maintains discipline in bidding with strong focus on margins and risk management.
- →Despite geopolitical challenges, order inflow guidance for the year remains achievable.
Key Metrics
Revenue
Margin
Capex
Fundraise
Order Book
Frequently Asked Questions
What were Larsen & Toubro Ltd Q1 FY27 results?
Larsen & Toubro (L&T) remains committed to its FY '27 revenue growth guidance of 10% to 12%. - Order inflows grew strongly by 14% YoY in Q1 FY '27 despite temporary project deferments. - The prospects pipeline remains healthy at Rs. L&T maintains a FY 2027 revenue growth guidance of 10% to 12%. - Targeted margin for FY 2027 in the Projects, Products & Manufacturing (PPM) portfolio is around 7.8%. - Group EBITDA margin for Q1 FY '27 was 9.0% excluding other income, down from 9.9% last year, mainly due to lower execution and higher ECL provisions. - Group PAT for Q1 FY '27 increased by 14% year-on-year, aided by strong services performance and higher treasury income. - Order prospects pipeline remains healthy at ~Rs.
What is Larsen & Toubro Ltd share price analysis?
Larsen & Toubro Ltd currently shows a below-average growth signal. The stock trades at a P/E of 32.0 with a market cap of ₹563,142 Cr. Investors should review the full earnings analysis for detailed insights.
Is Larsen & Toubro Ltd planning capital expenditure?
The company is executing its Lakshya 2031 Strategic Plan involving realignment and capital allocation enhancement.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.