L&T Q2 Profit Rises About 33% to Rs 5,202 Crore
Larsen & Toubro's consolidated revenue grew about 16% to Rs 78,750 crore in the September 2026 quarter.
Key Takeaways
- L&T's consolidated Q2 FY27 net profit was Rs 5,202 crore, up about 33% year on year.
- Revenue from operations rose about 16% to Rs 78,750 crore.
- Order inflow of Rs 1,47,665 crore, up about 28%, was a record for a quarter.
- Order book stood at Rs 8,53,514 crore on 30 September 2026.
- EBITDA margin was 8.7%, down from 10% a year earlier.
Larsen & Toubro (L&T) reported a consolidated net profit of Rs 5,202 crore for the September 2026 quarter (Q2 FY27), up about 33% from Rs 3,926 crore in the same quarter last year. The figure is profit attributable to shareholders, and the results are unaudited.
Revenue from operations rose about 16% to Rs 78,750 crore. The company won orders worth Rs 1,47,665 crore in the quarter, up about 28% year on year and a record for a single quarter. Its order book stood at Rs 8,53,514 crore on 30 September 2026.
L&T Q2 FY27 at a glance
| Detail | Value |
|---|---|
| Company | Larsen & Toubro (L&T) |
| Period | Quarter ended 30 September 2026 (Q2 FY27) |
| Basis | Consolidated, unaudited |
| Net profit (attributable to shareholders) | Rs 5,202 crore, up about 33% from Rs 3,926 crore a year earlier |
| Revenue from operations | Rs 78,750 crore, up about 16% from Rs 67,984 crore |
| Order inflow | Rs 1,47,665 crore, up about 28% year on year, a record for a quarter |
| International orders | Rs 92,375 crore, about 63% of the quarter's inflow |
| Order book | Rs 8,53,514 crore on 30 September 2026, up about 15% from 31 March 2026 |
| EBITDA margin | 8.7%, down from 10% a year earlier |
How L&T's profit compares with the earlier quarters
The Rs 5,202 crore profit is about 26% higher than the Rs 4,123 crore L&T reported for the June 2026 quarter. For the first half of FY27, consolidated profit was Rs 9,325 crore, which is the sum of the two quarters, and revenue was Rs 1,46,692 crore, up about 11%.
| Quarter | Net profit (consolidated) |
|---|---|
| Q2 FY26 (July to September 2025) | Rs 3,926 crore |
| Q1 FY27 (April to June 2026) | Rs 4,123 crore |
| Q2 FY27 (July to September 2026) | Rs 5,202 crore |
Which L&T businesses grew fastest in the quarter
L&T reports its business in segments. Green energy and manufacturing grew fastest, while realty revenue fell.
| Segment | Q2 FY27 revenue change, year on year |
|---|---|
| Energy: Green | Up 43% to Rs 11,493 crore |
| Manufacturing and Products | Up 34% to Rs 4,480 crore |
| Energy: Conventional | Up 29% to Rs 17,285 crore |
| Infrastructure and Utilities | Up 6% |
| Realty | Down 43% |
The EBITDA margin narrowed to 8.7% from 10% a year earlier, even as net profit rose.
How much of the Rs 1,47,665 crore inflow came from outside India
International orders were Rs 92,375 crore, about 63% of the quarter's order inflow.
Where L&T stands after its Q2 FY27 results
L&T closed the September quarter with a consolidated profit of Rs 5,202 crore on revenue of Rs 78,750 crore. Its order book of Rs 8,53,514 crore is about 15% higher than at the end of March 2026. In the first half of FY27, the group earned Rs 9,325 crore in consolidated profit.
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