Larsen & Toubro quarterly results

Q2 FY27 · Jul–Sep 2026

₹ crore	Q2 FY27	Q2 FY26	Change
Revenue	78,750	67,984	+15.8%
EBITDA	6,845	6,806	+0.6%
EBITDA margin	8.7%	10.0%	−1.3 pts
Profit before tax	7,641	6,336	+20.6%
Net profit	5,949	4,678	+27.2%
EPS	₹37.81	₹28.54	+32.5%

Every quarter

₹ crore except per share

Tap a line for its trend	Q2 FY27Sep 2026	Q1 FY27Jun 2026	Q4 FY26Mar 2026	Q3 FY26Dec 2025	Q2 FY26Sep 2025	Q1 FY26Jun 2025	Q4 FY25Mar 2025	Q3 FY25Dec 2024	Q2 FY25Sep 2024	Q1 FY25Jun 2024	Q4 FY24Mar 2024	Q3 FY24Dec 2023	Earlier quartersAlpha Plus

Expenses
	78,750	67,942	82,762	71,450	67,984	63,679	74,392	64,668	61,555	55,120	67,079	55,128	Earlier quartersEvery year the company has filed comes with Alpha Plus.
	2,306	2,377	1,579	1,441	1,384	1,357	1,135	968	1,101	921	1,042	838
	81,056	70,318	84,341	72,891	69,368	65,036	75,527	65,636	62,656	56,040	68,120	55,966
	29,989	20,959	29,939	24,451	24,593	21,610	29,071	23,622	24,285	18,597	25,840	18,899
	360	427	450	298	302	212	263	456	332	352	115	285
	−82.4	−1,791	−1,290	−11.1	−169	−493	244	−20.9	−477	−156	1,057	−2.1
	14,246	14,043	13,763	12,800	12,986	12,638	12,357	11,912	11,456	11,044	10,730	10,253
	473	539	679	625	763	782	746	843	884	861	926	904
	1,037	1,032	1,168	1,072	1,092	1,033	1,052	1,047	1,024	998	1,021	921
	27,393	28,187	31,291	26,495	23,465	23,394	24,254	22,444	19,597	19,669	22,103	19,934
	73,415	63,396	75,999	65,730	63,032	59,176	67,988	60,303	57,101	51,364	61,792	51,194
	6,845	6,116	8,610	7,417	6,806	6,318	8,203	6,255	6,362	5,615	7,234	5,759
	5,808	5,084	7,442	6,345	5,715	5,284	7,150	5,208	5,338	4,617	6,213	4,838
Profit
	7,641	6,922	8,342	7,161	6,336	5,860	8,014	5,333	5,555	4,677	6,328	4,772
	0.0	0.0	68.7	−1,791	0.0	0.0	475	0.0	0.0	0.0	93.6	0.0
	7,641	6,922	8,410	5,370	6,336	5,860	8,014	5,333	5,555	4,677	6,422	4,772
	2,063	1,881	2,215	1,442	1,577	1,519	1,752	1,520	1,493	1,335	1,600	1,191
	−337	58.2	−123	98.6	72.1	15.5	129	−188	−50.9	−98.9	−181	−13.3
	1,726	1,939	2,093	1,541	1,649	1,534	1,881	1,332	1,442	1,237	1,418	1,177
	34.0	5.2	−184	−4.6	−9.1	−7.4	22.4	−27.1	−14.0	4.6	9.6	−1.7
	5,949	4,988	6,133	3,825	4,678	4,318	5,497	3,974	4,099	3,445	5,013	3,593
	5,915	4,983	6,318	3,829	4,687	4,326	—	4,001	4,113	3,440	5,004	3,595
	−312	838	−1,723	648	−490	1,159	—	−1,276	358	196	6.6	493
	5,637	5,826	4,410	4,472	4,188	5,477	—	2,698	4,457	3,641	5,020	4,085
	5,202	4,123	5,326	3,215	3,926	3,617	—	3,359	3,395	2,786	4,396	2,947
	747	865	807	610	752	701	—	615	704	659	617	645
Per share
	₹37.81	₹29.97	₹38.71	₹23.37	₹28.54	₹26.30	₹39.98	₹24.43	₹24.69	₹20.26	₹31.98	₹21.44
	₹37.80	₹29.96	₹38.70	₹23.36	₹28.53	₹26.29	₹39.95	₹24.41	₹24.68	₹20.25	₹31.95	₹21.42
Other comprehensive income — detail
	−312	838	−1,723	648	−490	1,159	—	—	—	—	—	—
	−173	130	−93.3	99.7	−31.6	−90.7	—	−31.4	−61.4	−53.5	2.7	29.0
	−44.6	32.9	−24.9	28.8	−7.5	−27.0	—	—	—	—	—	—
	—	—	—	—	—	—	—	−8.1	−13.7	−14.0	1.3	5.9
	−209	976	−2,195	753	−628	1,346	—	−1,460	450	301	40.1	592
	−25.0	235	−540	177	−163	123	—	—	—	—	—	—
	—	—	—	—	—	—	—	−207	44.2	65.8	34.9	122
	4,878	4,740	3,941	3,896	3,658	4,774	—	2,194	3,818	2,934	4,355	3,416
	759	1,085	468	576	530	703	—	504	639	707	665	669
Per share — as-filed variants
	₹37.81	₹29.97	₹38.71	₹23.37	₹28.54	₹26.30	—	₹24.43	₹24.69	₹20.26	₹31.98	₹21.44
	₹37.80	₹29.96	₹38.70	₹23.36	₹28.53	₹26.29	—	₹24.41	₹24.68	₹20.25	₹31.95	₹21.42
Derived — gross profit (revenue − materials − purchases − Δ inventories)
	48,483	48,347	53,664	46,712	43,258	42,350	44,814	40,611	37,415	36,328	40,067	35,946
	61.6%	71.2%	64.8%	65.4%	63.6%	66.5%	60.2%	62.8%	60.8%	65.9%	59.7%	65.2%
Adjusted (ex-exceptional items) — derived
	7,641	6,922	8,342	7,161	6,336	5,860	8,014	5,333	5,555	4,677	6,328	4,772
	0.0	0.0	68.7	−1,791	0.0	0.0	475	0.0	0.0	0.0	93.6	0.0
	5,949	4,988	6,081	5,102	4,678	4,318	5,497	3,974	4,099	3,445	4,940	3,593
	₹37.81	₹29.97	₹38.38	₹31.17	₹28.54	₹26.30	₹39.98	₹24.43	₹24.69	₹20.26	₹31.51	₹21.44

Open the chart

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

alphave

LT₹3,837.10

Larsen & Toubro Ltd.

· Infrastructure

Annual Quarterly₹ CrorePeersRVNL KEC NBCC AFCONS IRCON CEMPRO ENGINERSIN IRBMcap ₹5.28L Cr

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In ₹ Crore except Per Share 3 Months Ending	Q3 FY24 31/12/2023	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026	Q2 FY27 30/09/2026
Revenue from Operations	55,127.8	67,078.7	55,119.8	61,554.6	64,667.8	74,392.3	63,678.9	67,983.5	71,449.7	82,762.2	67,941.7	78,749.9
Other Income	837.8	1,041.7	920.6	1,101.3	967.9	1,135.1	1,356.8	1,384.3	1,441.0	1,578.6	2,376.7	2,306.3
Total Income	55,965.6	68,120.4	56,040.5	62,655.9	65,635.7	75,527.3	65,035.7	69,367.8	72,890.7	84,340.8	70,318.5	81,056.2
Expenses
+ Cost of Materials Consumed	18,898.6	25,839.9	18,596.7	24,284.9	23,622.1	29,071.2	21,610.3	24,592.6	24,450.7	29,938.8	20,959.5	29,988.8
+ Purchases of Stock-in-Trade	285.2	114.8	351.6	331.9	455.7	263.0	212.4	302.1	298.3	449.6	426.7	360.4
+ Changes in Inventories	-2.1	1,057.3	-156.3	-477.3	-20.9	243.8	-493.3	-168.7	-11.1	-1,290.0	-1,791.3	-82.4
+ Employee Benefit Expense	10,253.3	10,729.5	11,043.5	11,455.7	11,912.2	12,357.3	12,638.4	12,986.0	12,799.9	13,762.9	14,043.4	14,245.6
+ Finance Costs	904.2	926.3	861.4	884.4	842.7	745.9	781.6	762.8	625.1	679.3	538.7	472.9
+ Depreciation & Amortisation	920.8	1,021.2	997.9	1,023.8	1,047.0	1,052.4	1,033.3	1,091.8	1,071.7	1,168.0	1,032.3	1,036.9
+ Other Expenses	19,933.9	22,103.3	19,669.0	19,597.4	22,443.9	24,254.5	23,393.5	23,465.2	26,495.1	31,290.6	28,187.0	27,393.0
Total Expenses	51,193.7	61,792.2	51,363.8	57,100.8	60,302.6	67,988.1	59,176.2	63,031.7	65,729.8	75,999.1	63,396.2	73,415.1
EBITDA	5,759.0	7,234.0	5,615.3	6,362.0	6,254.9	8,202.5	6,317.7	6,806.4	7,416.8	8,610.3	6,116.5	6,844.7
EBIT	4,838.3	6,212.8	4,617.4	5,338.2	5,207.9	7,150.1	5,284.4	5,714.6	6,345.1	7,442.3	5,084.2	5,807.7
Profit
PBT before Exceptional Items	4,771.8	6,328.2	4,676.7	5,555.1	5,333.0	8,014.0	5,859.5	6,336.1	7,161.0	8,341.6	6,922.3	7,641.1
+ Exceptional Items	0.0	93.6	0.0	0.0	0.0	474.8	0.0	0.0	-1,791.1	68.7	0.0	0.0
Pretax Income	4,771.8	6,421.8	4,676.7	5,555.1	5,333.0	8,014.0	5,859.5	6,336.1	5,369.9	8,410.3	6,922.3	7,641.1
+ Current Tax	1,190.6	1,599.5	1,335.5	1,493.2	1,520.5	1,751.7	1,518.5	1,577.0	1,442.0	2,215.5	1,881.2	2,063.0
+ Deferred Tax	-13.3	-181.2	-98.9	-50.9	-188.5	128.9	15.5	72.1	98.6	-122.7	58.2	-337.1
Tax Expense	1,177.3	1,418.3	1,236.5	1,442.3	1,332.0	1,880.6	1,534.0	1,649.0	1,540.7	2,092.8	1,939.4	1,725.9
+ Share of Associates & JVs	-1.7	9.6	4.6	-14.0	-27.1	22.4	-7.4	-9.1	-4.6	-184.5	5.2	34.0
Net Income	3,592.8	5,013.2	3,444.7	4,098.8	3,974.0	5,497.3	4,318.2	4,678.0	3,824.7	6,133.1	4,988.0	5,949.2
+ Net Income — Continuing Ops	3,594.5	5,003.5	3,440.1	4,112.8	4,001.0	—	4,325.6	4,687.1	3,829.2	6,317.5	4,982.9	5,915.2
+ Other Comprehensive Income	492.6	6.6	196.1	358.3	-1,276.1	—	1,158.9	-489.5	647.6	-1,723.4	837.8	-311.9
Total Comprehensive Income	4,085.4	5,019.8	3,640.8	4,457.2	2,697.9	—	5,477.1	4,188.5	4,472.2	4,409.6	5,825.8	5,637.2
Net Income to Common	2,947.4	4,396.1	2,785.7	3,395.3	3,358.8	—	3,617.2	3,926.1	3,215.1	5,325.6	4,122.9	5,202.1
Minority Interest	645.5	617.1	659.0	703.6	615.1	—	701.0	751.9	609.5	807.5	865.2	747.1
Per Share
Basic EPS	21.44	31.98	20.26	24.69	24.43	39.98	26.30	28.54	23.37	38.71	29.97	37.81
Diluted EPS	21.42	31.95	20.25	24.68	24.41	39.95	26.29	28.53	23.36	38.70	29.96	37.80
Other Comprehensive Income — detail
+ Other Comprehensive Income	—	—	—	—	—	—	1,158.9	-489.5	647.6	-1,723.4	837.8	-311.9
+ Items NOT to be Reclassified to P&L	29.0	2.7	-53.5	-61.4	-31.4	—	-90.7	-31.6	99.7	-93.3	129.6	-172.6
+ Tax on Items NOT to be Reclassified	—	—	—	—	—	—	-27.0	-7.5	28.8	-24.9	32.9	-44.6
+ Tax on Items NOT to be Reclassified — alt tag	5.9	1.3	-14.0	-13.7	-8.1	—	—	—	—	—	—	—
+ Items to be Reclassified to P&L	591.8	40.1	301.4	450.2	-1,460.1	—	1,345.6	-628.1	753.4	-2,194.5	976.1	-208.9
+ Tax on Items to be Reclassified	—	—	—	—	—	—	122.9	-162.7	176.8	-539.5	235.0	-25.0
+ Tax on Items to be Reclassified — alt tag	122.2	34.9	65.8	44.2	-207.3	—	—	—	—	—	—	—
Comprehensive Income — Owners of Parent	3,416.4	4,354.7	2,933.6	3,818.3	2,193.5	—	4,774.5	3,658.0	3,896.0	3,941.4	4,740.4	4,878.2
Comprehensive Income — Non-controlling Interests	669.1	665.1	707.2	638.9	504.4	—	702.6	530.5	576.2	468.2	1,085.5	759.0
Per Share — as-filed variants
Basic EPS — Continuing Operations	21.44	31.98	20.26	24.69	24.43	—	26.30	28.54	23.37	38.71	29.97	37.81
Diluted EPS — Continuing Operations	21.42	31.95	20.25	24.68	24.41	—	26.29	28.53	23.36	38.70	29.96	37.80
Derived — Gross Profit (Revenue − Materials − Purchases − Δ Inventories)
Gross Profit	35,946.2	40,066.8	36,327.8	37,415.1	40,611.0	44,814.3	42,349.6	43,257.6	46,711.8	53,663.8	48,346.9	48,483.2
Gross Margin %	65.21	59.73	65.91	60.78	62.80	60.24	66.50	63.63	65.38	64.84	71.16	61.57
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	4,771.8	6,328.2	4,676.7	5,555.1	5,333.0	8,014.0	5,859.5	6,336.1	7,161.0	8,341.6	6,922.3	7,641.1
− Exceptional Items (reconciliation)	0.0	93.6	0.0	0.0	0.0	474.8	0.0	0.0	-1,791.1	68.7	0.0	0.0
Net Income Adj (tax-effected)	3,592.8	4,940.2	3,444.7	4,098.8	3,974.0	5,497.3	4,318.2	4,678.0	5,101.9	6,081.5	4,988.0	5,949.2
EPS Adj	21.44	31.51	20.26	24.69	24.43	39.98	26.30	28.54	31.17	38.38	29.97	37.81
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00
Filed Debt Equity	1.00	1.00	1.00	1.00	1.00	1.12	1.13	1.09	1.06	0.95	1.01	1.02
Filed Dscr	5.00	6.00	1.00	3.00	2.00	5.92	0.68	6.00	1.86	9.00	10.72	14.37
Filed Iscr	5.00	7.00	5.00	6.00	6.00	9.89	7.15	7.96	10.65	11.55	11.42	14.37
Paid Up Equity Capital	274.9	274.9	275.0	275.0	275.0	275.0	275.1	275.1	275.1	275.1	275.2	275.2

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: Q2 FY27 · 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 ✓ 95%.

L&T Q2 FY27 results (July–September 2026)

Filed with NSE on Tuesday, 27 October 2026 at 5:13 pm IST

Larsen & Toubro (NSE: LT) reported its Q2 FY27 results (July–September 2026) on Tuesday, 27 October 2026 at 5:13 pm IST. Consolidated net profit attributable to shareholders was ₹5,202 crore, up 32.5% from ₹3,926 crore in Q2 FY26 and up 26.2% from ₹4,123 crore in Q1 FY27. Revenue from operations was ₹78,750 crore, up 15.8% year on year and up 15.9% from the previous quarter.

Q2 FY26 results (a year earlier): 29 October 2025
Q3 FY27 results due by: 14 February 2027

Q2 FY27 at a glance · consolidated

Net profit (shareholders'): ₹5,202 Cr+32.5% vs Q2 FY26+26.2% vs Q1 FY27Total incl. minority interest ₹5,949 Cr
Revenue from operations: ₹78,750 Cr+15.8% vs Q2 FY26+15.9% vs Q1 FY27
Operating margin (EBIT): 7.4%−1.0 pts vs Q2 FY26−0.1 pts vs Q1 FY27EBIT ₹5,808 Cr
EBITDA: ₹6,845 Cr+0.6% vs Q2 FY26+11.9% vs Q1 FY27margin 8.7%
Earnings per share (basic): ₹37.81+32.5% vs Q2 FY26+26.2% vs Q1 FY27
Net profit margin: 6.6%+0.8 pts vs Q2 FY26+0.5 pts vs Q1 FY27

Questions

What was L&T's net profit in Q2 FY27?

Consolidated net profit attributable to shareholders was ₹5,202 crore, up 32.5% from ₹3,926 crore in Q2 FY26 and up 26.2% from ₹4,123 crore in Q1 FY27. Including the minority shareholders' share, total profit was ₹5,949 crore.

How were L&T's Q2 FY27 results?

Both grew from a year earlier: net profit was up 32.5% at ₹5,202 crore and revenue was up 15.8% at ₹78,750 crore. The operating margin was 7.4%, down 1.0 percentage points from 8.4% a year earlier. Against Q1 FY27, net profit was up 26.2% and revenue up 15.9%.

What was L&T's net profit in FY26?

Consolidated net profit attributable to shareholders was ₹16,084 crore in FY26 (April 2025–March 2026), up 7.0% from ₹15,037 crore in FY25. It was ₹13,059 crore in FY24 and ₹10,471 crore in FY23: up 53.6% over three years, 15.4% a year on average.

What was L&T's revenue in Q2 FY27?

Revenue from operations was ₹78,750 crore, up 15.8% year on year and up 15.9% from the previous quarter.

What was L&T's EPS in Q2 FY27?

Basic earnings per share were ₹37.81, against ₹28.54 in Q2 FY26.

When did L&T announce its Q2 FY27 results?

On Tuesday, 27 October 2026 at 5:13 pm IST, in its results filing to the stock exchanges. A year earlier it reported Q2 FY26 on 29 October 2025.

What was L&T's operating margin in Q2 FY27?

Operating profit (EBIT — revenue less operating expenses, before finance costs and other income) was ₹5,808 crore, a margin of 7.4%, against 7.5% in Q1 FY27 and 8.4% in Q2 FY26. EBITDA was ₹6,845 crore, 8.7% of revenue.

What is L&T's net profit margin?

L&T's net profit margin was 6.6% in Q2 FY27 (net profit attributable to shareholders as a share of revenue from operations), against 5.8% in Q2 FY26 (up 0.8 percentage points). For FY26 as a whole it was 5.6%.

What was L&T's revenue in FY26?

Revenue from operations was ₹2,85,874 crore in FY26 (April 2025–March 2026), up 11.8% from ₹2,55,734 crore in FY25. It was ₹2,21,113 crore in FY24 and ₹1,83,341 crore in FY23: up 55.9% over three years, 16.0% a year on average.

What was L&T's net profit in the first half of FY27?

Consolidated net profit attributable to shareholders for the first half of FY27 (April–September 2026) was ₹9,325 crore, up 23.6% from ₹7,543 crore in the same months a year earlier. Revenue from operations was ₹1,46,692 crore, up 11.4%.

How has L&T's profit changed over the last four quarters?

Net profit attributable to shareholders by quarter: ₹3,215 crore in Q3 FY26, ₹5,326 crore in Q4 FY26, ₹4,123 crore in Q1 FY27 and ₹5,202 crore in Q2 FY27. That is ₹17,866 crore over the four quarters, up 8.9% from ₹16,399 crore in the four quarters before. Revenue from operations: ₹71,450 crore, ₹82,762 crore, ₹67,942 crore and ₹78,750 crore.

When will L&T announce its Q3 FY27 results?

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

Where do these L&T figures come from?

From Larsen & Toubro's own consolidated results filings to NSE, in ₹ crore as filed (Q2 FY27 on 27 October 2026). Growth compares the same consolidated figures a year and a quarter earlier.

Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.