L&T Q3 Results: Engineering and construction major Larsen & Toubro (L&T) announced its December quarter results for FY26 on Wednesday. The company posted a net profit of Rs 3,215.11 crore in Q3FY26, down 4.29 per cent year-on-year and below the Zee Business Research estimate of Rs 4,151 crore. The decline was primarily due to a one-time exceptional charge related to the new Labour Codes, which increased provisions for employee benefits, including recognition of past service costs.
Revenue rises YoY
Revenue for the quarter rose 10.49 per cent to Rs 71,449.70 crore, slightly below the research team’s forecast of Rs 72,358 crore, driven by strong execution across the company’s businesses. EBITDA came in at Rs 7,417 crore, up 18.58 per cent YoY, while the EBITDA margin improved to 10.38 per cent, though below the projected 12 per cent.
L&T achieved a record quarterly order inflow, with its Projects & Manufacturing portfolio crossing Rs 1 lakh crore for the first time. The overall order book now exceeds Rs 7 lakh crore, highlighting the company’s execution capabilities and strong business model.
Management commentary
S N Subrahmanyan, Chairman and Managing Director of L&T, said, “This is another landmark quarter for the company. Our order book growth reflects our execution capabilities, cutting-edge technology, and integration of ESG principles into our business.” He added that the company expects pro-growth momentum to continue, supported by capital expenditure, government policies promoting domestic manufacturing, and fiscal incentives for India’s digital and AI ecosystem.
“As we scale up, we remain committed to technology-led growth and creating long-term value for our stakeholders,” Subrahmanyan concluded.
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