Larsen & Toubro financials

Latest results Q2 FY27 · Jul–Sep 2026
Revenue
₹78,750cr+15.8% on Q2 FY26
Net profit
₹5,949cr+27.2% on Q2 FY26
EBITDA margin
8.7%−1.3 pts on Q2 FY26
EPS
₹37.81+32.5% on Q2 FY26

Quarterly results

Every quarter ›
₹ croreQ2 FY27Q2 FY26Change
Revenue78,75067,984+15.8%
EBITDA6,8456,806+0.6%
EBITDA margin8.7%10.0%−1.3 pts
Profit before tax7,6416,336+20.6%
Net profit5,9494,678+27.2%
EPS₹37.81₹28.54+32.5%

Over time

Q2 FY27 · Jul–Sep 2026latest
Revenue₹78,750 crNet profit₹5,949 crNet margin7.6%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
5,22,926————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
89,62174,91655,54846,91652,500
20,22719,24117,74816,19014,241
1,21,6831,21,68393,3651,14,0401,18,513
5,75,214————
3,00,9042,85,8742,55,7342,21,1131,83,341
—+11.8%+15.7%+20.6%—
28,98829,15126,43523,49420,753
9.6%10.2%10.3%10.6%11.3%
24,67924,78622,31419,81117,251
20,89518,95415,03715,54712,531
6.9%6.6%5.9%7.0%6.8%
₹129.87₹116.92₹90.15₹94.93₹76.11
—+29.7%−5.0%+24.7%—
—16,7419,16118,26622,777
—−4,809−4,419−4,517−4,144
11,93211,9324,74213,75018,633
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

LT₹3,801.30

Larsen & Toubro Ltd.

· Infrastructure
₹ CrorePeersRVNLKECNBCCAFCONSIRCONCEMPROENGINERSINIRBMcap ₹5.23L Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————5,22,925.8
- Cash, Equiv & ST Investments52,500.146,916.155,547.674,916.189,621.4
+ Minority Interest14,241.316,190.417,748.119,240.720,226.6
+ Total Debt1,18,513.41,14,039.893,364.61,21,683.01,21,683.0
Enterprise Value————5,75,214.0
Revenue1,83,340.72,21,112.92,55,734.52,85,874.43,00,903.5
Growth %, YoY—+20.6+15.7+11.8—
EBITDA20,753.323,493.726,434.729,151.128,988.2
Margin %11.3210.6310.3410.209.63
EBIT17,251.019,811.322,313.624,786.424,679.3
Net Income12,530.615,547.115,037.118,953.920,894.9
Margin %6.837.035.886.636.94
EPS, Adj (current shares)76.1194.9390.15116.92129.87
Growth %, YoY—+24.7-5.0+29.7—
Cash from Operations22,777.018,266.39,160.716,741.0—
Capital Expenditures-4,143.8-4,516.5-4,418.8-4,809.2—
Free Cash Flow18,633.213,749.84,741.911,931.811,931.8
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 193%.

L&T financials and key ratios

Prices at the 29 October 2026 close · figures from the company's filings with NSE

Larsen & Toubro (NSE: LT) had a market capitalisation of ₹5,27,947 crore at the 29 October 2026 close (₹3,837.10 a share), a PE ratio of 29.6 on the last four quarters' profit and a price-to-book ratio of 4.67. In FY26 its consolidated net profit attributable to shareholders was ₹16,084 crore on revenue of ₹2,85,874 crore; in Q2 FY27 (July–September 2026) it was ₹5,202 crore, up 32.5% year on year. Its debt-to-equity ratio was 1.02 on 30 September 2026.

L&T Q2 FY27 results
filed 27 October 2026
Share price used
₹3,837.10 · 29 October 2026 close
Latest balance sheet
30 September 2026
Shareholding pattern
30 September 2026
Share price and live chart
₹3,837.10 · 29 Oct close

L&T at a glance · consolidated

Market cap
₹5,27,947 Crat ₹3,837.10 · 29 Oct close
PE ratio (last 4 quarters)
29.632.8 on FY26 profit
Price to book (PB)
4.67book value ₹821.49 a share
ROE (FY26)
15.5%+2.1 pts vs FY25ROCE 12.5%
Debt to equity
1.02net debt ₹38,792 Cr
FII holding
19.21%+0.1 pts vs 30 Jun 2026no promoter group
Dividend yield
0.99%₹38 a share in 12 months
Net worth
₹1,13,029 Cr+11.5% vs 30 Sep 202530 September 2026
Free cash flow (FY26)
₹11,932 Cr+151.6% vs FY25

Questions

What is the L&T PE ratio today?

L&T's PE ratio is 29.6 at the 29 October 2026 close (₹3,837.10 a share): a market capitalisation of ₹5,27,947 crore divided by consolidated net profit attributable to shareholders of ₹17,866 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit attributable to shareholders (₹16,084 crore) it is 32.8.

What is the L&T PB ratio (price to book value)?

L&T's price-to-book (PB) ratio is 4.67 at the 29 October 2026 close: a market capitalisation of ₹5,27,947 crore divided by shareholders' equity (book value) of ₹1,13,029 crore on 30 September 2026. That is a book value of ₹821.49 per share against a share price of ₹3,837.10.

What is the L&T net worth?

L&T's net worth — shareholders' equity in its consolidated balance sheet — was ₹1,13,029 crore (₹1.13 lakh crore) on 30 September 2026, up 11.5% from ₹1,01,384 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹5,27,947 crore at the 29 October 2026 close.

What is the L&T market cap?

L&T's market capitalisation was ₹5,27,947 crore (₹5.28 lakh crore) at the 29 October 2026 close: 137.59 crore shares at ₹3,837.10 each.

What is the L&T EPS?

L&T's basic earnings per share (EPS) were ₹116.93 in FY26, against ₹109.36 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹129.86.

What is the L&T dividend in 2026 and its record date?

In 2026, L&T has declared one dividend: ₹38 with record date 22 May 2026.

Is L&T debt free?

No. L&T had borrowings of ₹1,36,227 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 1.02. Its cash and current investments were ₹97,435 crore, so its net debt was ₹38,792 crore.

What is the L&T debt to equity ratio?

L&T's debt-to-equity ratio was 1.02 on 30 September 2026: borrowings of ₹1,36,227 crore against total equity of ₹1,33,255 crore. A year earlier, on 30 September 2025, it was 1.09.

What is the L&T dividend yield?

L&T's dividend yield is 0.99% at the 29 October 2026 close: dividends of ₹38 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹3,837.10. They were ₹38 on 22 May 2026.

What is the L&T ROE and ROCE?

In FY26, L&T's return on equity (ROE) was 15.5% and its return on capital employed (ROCE) was 12.5%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 13.5% and ROCE 13.1%.

What is the L&T book value per share?

L&T's book value per share was ₹821.49 on 30 September 2026: shareholders' equity of ₹1,13,029 crore divided by the 137.59 crore shares in issue, up 11.5% from ₹737.04 a year earlier. The share price at the 29 October 2026 close was ₹3,837.10.

What is the L&T shareholding pattern?

On 30 September 2026, L&T's shares were held by foreign portfolio investors (FII/FPI) 19.21%, domestic institutions (DII) 42.86% (including mutual funds at 19.39%) and retail and other non-institutional investors 37.67%. Over the year, FII holding was down 0.27 percentage points from 19.48% and DII holding was down 0.49 percentage points from 43.35%.

What is the L&T promoter holding?

L&T has no promoter group: on 30 September 2026 promoters held 0% of its shares, according to the shareholding pattern filed with NSE. Foreign portfolio investors held 19.21% and domestic institutions 42.86%.

What is the L&T free cash flow?

In FY26, L&T generated ₹16,741 crore of cash from operations and spent ₹4,809 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹11,932 crore. In FY25 it was ₹4,742 crore.

When are the L&T next results?

L&T has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.

What are the L&T latest quarterly results?

L&T's latest results are for Q2 FY27 (July–September 2026), filed on 27 October 2026: consolidated net profit attributable to shareholders ₹5,202 crore, up 32.5% from ₹3,926 crore in Q2 FY26; revenue from operations ₹78,750 crore, up 15.8% year on year.

What is the L&T revenue and profit in FY26?

In FY26 (April 2025–March 2026), L&T's consolidated net profit attributable to shareholders was ₹16,084 crore, up 7.0% from ₹15,037 crore in FY25, on revenue from operations of ₹2,85,874 crore (up 11.8%). Over three years, from FY23, net profit was up 53.6%.

L&T vs RVNL: how do they compare?

In FY26, L&T earned net profit attributable to shareholders of ₹16,084 crore on revenue of ₹2,85,874 crore, against ₹875 crore on ₹20,412 crore for RVNL. L&T's operating margin was 8.7% (RVNL 3.6%) and its return on equity 15.5% (RVNL 9.0%). At the 29 October 2026 close, L&T's market capitalisation was ₹5,27,947 crore against ₹38,781 crore for RVNL, and its PE ratio on FY26 profit 32.8 against 44.3.

How does L&T compare with its peers?

On FY26 consolidated figures, against RVNL, Kec International and NBCC: L&T's operating margin of 8.7% is the highest of the four (RVNL 3.6%, Kec International 6.2%, NBCC 4.7%; peer average 4.8%); its return on equity of 15.5% is the second highest of the four (RVNL 9.0%, Kec International 10.5%, NBCC 26.2%; peer average 15.3%); its revenue growth over three years of 16.0% a year is the highest of the four (RVNL 0.2% a year, Kec International 10.8% a year, NBCC 13.8% a year; peer average 8.3% a year).

Where do these L&T figures come from?

From Larsen & Toubro's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.