Larsen & Toubro Ltd
Larsen & Toubro Q1 FY27 earnings call: Revenue & Margins
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
2 of 4 strong
The short version
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.
Revenue & Sales Performance
- 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.
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Profitability & Margins
See what Larsen & Toubro Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- The company is executing its Lakshya 2031 Strategic Plan involving realignment and capital allocation enhancement.
- There is considerable cash generation across the group, currently yielding higher-than-market returns (1.5% to 2.5% more).
- CapEx related to the Lakshya plan for the current fiscal year is in progress but final numbers will be shared post Q2.
- Several new investments, such as in green energy, data center business, and others are at initial stages and expected to absorb some cash.
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Top-ranked in Construction
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Larsen & Toubro Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- 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.
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Larsen & Toubro Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹82.8K Cr, net profit ₹6.1K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Larsen & Toubro Ltd's management said in earlier quarters
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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 the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.