Larsen & Toubro Ltd
Larsen & Toubro Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Future growth expectations for Larsen & Toubro Limited as per the transcript are: - Revenue growth guidance of 10% to 12% for FY27, considering a softer first half due to supply chain issues and geopolitical challenges with pickup expected in the second half. Larsen & Toubro targets a revenue CAGR of 12% to 15% over the Lakshya 31 plan period, primarily driven by existing businesses.
From Larsen & Toubro Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
2 more points management made on revenue & sales performance
Profitability & Margins
See what Larsen & Toubro Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Rs 50 billion capex planned for Industrial Electronics focused on industrial and defense-related electronics, robotics, and automation.
- Rs 30 billion investment in the Semiconductor business aimed at acquiring IP and creating lab facilities, focusing more on design rather than fabrication or OSAT.
- Rs 150 billion targeted for Green Hydrogen, with active evaluation of strategic partnerships to optimize capital deployment.
- Around Rs 100 billion earmarked for the Data Center business, with investments adaptable based on business and partnership models.
- Rs 44 billion allocated for Realty development, primarily for commercial real estate and supporting land acquisitions for residential/mixed-use projects.
- Rs 50 billion investment for upgrading hydrocarbon modular fabrication yard and shipbuilding facilities.
2 more points management made on capital expenditure plans
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
- As of March 2026, Larsen & Toubro's order book stands at Rs 7.40 trillion, up 28% compared to March 2025.
- Approximately 92% of the order book is from Infrastructure and Energy sectors.
- Geographical split: 48% domestic and 52% international markets.
- Domestic order book (Rs 3.58 trillion): Central Government 9%, State & Local 22%, Public Sector/State-owned 30%, Private Sector 39% (Private Sector share rose from 21% in March 2025).
- International order book (Rs 3.82 trillion): 78% Middle East, 22% rest of the world.
- Slow-moving orders constitute about 1% of the order book.
2 more points management made on order book & pipeline
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 Q4 FY26 results?
Future growth expectations for Larsen & Toubro Limited as per the transcript are: - Revenue growth guidance of 10% to 12% for FY27, considering a softer first half due to supply chain issues and geopolitical challenges with pickup expected in the second half. Larsen & Toubro targets a revenue CAGR of 12% to 15% over the Lakshya 31 plan period, primarily driven by existing businesses.
What is Larsen & Toubro Ltd share price analysis?
Larsen & Toubro Ltd currently shows a neutral. 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?
Rs 50 billion capex planned for Industrial Electronics focused on industrial and defense-related electronics, robotics, and automation. - Rs 30 billion investment in the Semiconductor business aimed at acquiring IP and creating lab facilities, focusing more on design rather than fabrication or OSAT. - Rs 150 billion targeted for Green Hydrogen, with active evaluation of strategic partnerships to optimize capital deployment. - Around Rs 100 billion earmarked for the Data Center business, with investments adaptable based on business and partnership models. - Rs 44 billion allocated for Realty development, primarily for commercial real estate and supporting land acquisitions for residential/mixed-use projects. - Rs 50 billion investment for upgrading hydrocarbon modular fabrication yard and shipbuilding facilities. - Capex for FY27: Approx.
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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.