{"id":178340,"date":"2026-01-29T07:01:06","date_gmt":"2026-01-29T12:01:06","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=178340"},"modified":"2026-01-29T07:01:08","modified_gmt":"2026-01-29T12:01:08","slug":"larsen-toubro-q3-fy26-earnings-results","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/larsen-toubro-q3-fy26-earnings-results\/","title":{"rendered":"Larsen &amp; Toubro Q3 FY26 Earnings Results"},"content":{"rendered":"\n<p>Larsen &amp; Toubro Ltd is a multinational conglomerate which is primarily engaged in providing engineering, procurement and construction (EPC) solutions in key sectors such as Infrastructure, Hydrocarbon, Power, Process Industries and Defence, Information Technology and Financial Services in domestic and international markets.<\/p>\n\n\n\n<div style=\"height:36px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q3 FY26 Earnings Results<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from Operations: \u20b971,450 cr, +10.5% YoY vs \u20b964,668 cr, +10.5% YoY; steady execution in Projects &amp; Manufacturing (P&amp;M) drove growth, with international revenues at \u20b938,775 cr (54% of total, + strong Middle East\/marine orders).<\/li>\n\n\n\n<li>EBITDA: \u20b97,417 cr, +18.5% YoY vs \u20b96,255 cr, margin 10.38% (+71 bps YoY); margin expansion from operational leverage, despite some segment pressures like energy projects (5.9% vs 8.3% YoY).<\/li>\n\n\n\n<li>PAT: \u20b93,215 cr, \u22124.3% YoY vs \u20b93,359 cr (\u22124.3% YoY), impacted by one-time \u20b91,191 cr (net) provision for Labour Codes employee benefits (exceptional item); recurring PAT \u20b94,406 cr (+31% YoY).<\/li>\n\n\n\n<li>Other key metrics: Order inflow \u20b91,36,000 cr (+17% YoY, intl 49%); order book \u20b97.33 lakh cr (+30% YoY); 9M revenue \u20b92,03,112 cr (+12% YoY), inflows \u20b93.46 lakh cr (+30% YoY), recurring PAT \u20b911,949 cr (+25% YoY).<\/li>\n<\/ul>\n\n\n\n<div style=\"height:36px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary &amp; Strategic Decisions<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachLive\/ca98c1da-bc36-4786-9461-2db7fdc08ed4.pdf\" target=\"_blank\" rel=\"noopener\">Outstanding order momentum<\/a> with record inflows\/order book provides multi-year visibility; core profitability strong despite exceptional Labour Code costs, optimistic on capex cycle\/digital push.<\/li>\n\n\n\n<li>Strategic moves: Diversified inflows across thermal\/hydrocarbons\/renewables\/roads; debt\/equity 1.06x, interest coverage 8.44x (9M); focus on sustainable execution\/tech\/ESG.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-109-839x1024.png\" alt=\"\" class=\"wp-image-178344\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-109-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-109-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-109-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-109-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-109.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q2 FY26 Earnings Results<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from Operations: \u20b967,984 cr, +10.4% YoY vs \u20b961,554 cr, +6.8% QoQ; H1 \u20b91.31 trillion (+12.8% YoY), intl ~59%.<\/li>\n\n\n\n<li>EBITDA: \u20b96,806 cr (+7% YoY), margin 10.01% (\u221232 bps YoY); H1 profit \u20b97,543 cr (+22% YoY).<\/li>\n\n\n\n<li>PAT: \u20b93,926 cr (+15.6% YoY vs \u20b93,391 cr), H1 inflows \u20b92.1 trillion (+39% YoY).<\/li>\n\n\n\n<li>Other key metrics: H1 intl orders +51% YoY; debt\/equity 1.09x.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:34px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary Q2<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Solid execution amid volatility; private sector inflows 51% H1 relief.<\/li>\n\n\n\n<li>Strategic moves: Partnerships\/competitiveness focus; Q2\/H1 beat expectations on orders.<\/li>\n<\/ul>\n\n\n\n<p>To view the company\u2019s previous earnings and latest concall transcripts,&nbsp;<a href=\"https:\/\/alphastreet.com\/india\/\">click here<\/a>&nbsp; to visit the Alphastreet India news channel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Larsen &amp; Toubro Ltd is a multinational conglomerate which is primarily engaged in providing engineering, procurement and construction (EPC) solutions in key sectors such as Infrastructure, Hydrocarbon, Power, Process Industries and Defence, Information Technology and Financial Services in domestic and international markets. Q3 FY26 Earnings Results Management Commentary &amp; Strategic Decisions Q2 FY26 Earnings Results [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":178344,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,11809],"tags":[11279],"class_list":["post-178340","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-realty","tag-engineering-construction"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-109.png","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":171972,"url":"https:\/\/alphastreet.com\/india\/larsen-toubro-q2-fy26-earnings-results\/","url_meta":{"origin":178340,"position":0},"title":"Larsen &#038; Toubro Q2 FY26 Earnings Results","author":"Chirag Gupta","date":"October 30, 2025","format":false,"excerpt":"Larsen & Toubro Ltd is a multinational conglomerate which is primarily engaged in providing engineering, procurement and construction (EPC) solutions in key sectors such as Infrastructure, Hydrocarbon, Power, Process Industries and Defence, Information Technology and Financial Services in domestic and international markets. \u00a0 Q2 FY26 Earnings Results Revenue from Operations:\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Larsen & Toubro Q2 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Larsen-Toubro-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Larsen-Toubro-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Larsen-Toubro-Q2-FY26-Earnings-Results.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Larsen-Toubro-Q2-FY26-Earnings-Results.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Larsen-Toubro-Q2-FY26-Earnings-Results.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Larsen-Toubro-Q2-FY26-Earnings-Results.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":178532,"url":"https:\/\/alphastreet.com\/india\/voltas-q3-fy26-earnings-results\/","url_meta":{"origin":178340,"position":1},"title":"Voltas Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 30, 2026","format":false,"excerpt":"Voltas is engaged in the business of air conditioning, refrigeration, electro - mechanical projects as an EPC contractor both in domestic and international geographies (Middle East and Singapore) and engineering product services for mining, water management and treatment, construction equipments and textile industry. Voltas was created 6 decades ago when\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-128.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-128.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-128.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-128.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-128.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-128.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":178106,"url":"https:\/\/alphastreet.com\/india\/raymond-q3-fy26-earnings-results\/","url_meta":{"origin":178340,"position":2},"title":"Raymond Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 28, 2026","format":false,"excerpt":"Raymond Limited incorporated in 1925 is a diversified group with interests in Textile & Apparel sectors as well as presence across diverse segments such as Real Estate, FMCG, Engineering in national and international markets 55+ Countries including the USA, Europe, Japan & Middle East. The Company has a retail network\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-98.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-98.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-98.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-98.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-98.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-98.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":178336,"url":"https:\/\/alphastreet.com\/india\/symphony-q3-fy26-earnings-results\/","url_meta":{"origin":178340,"position":3},"title":"Symphony Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 29, 2026","format":false,"excerpt":"Symphony was established in 1988, in Ahmedabad, India. 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It is the largest air cooler manufacturer in the world.\u00a097% of the revenue comes from the sale of Air coolers.\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-106.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-106.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-106.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-106.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-106.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-106.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":169517,"url":"https:\/\/alphastreet.com\/india\/larsen-toubro-ltd-q1-fy26-earnings-results-25-rise-in-profits\/","url_meta":{"origin":178340,"position":4},"title":"L&#038;T Ltd Q1 FY26 Earnings Results &#8211; A whopping 25% rise in Profits","author":"Chirag Gupta","date":"July 29, 2025","format":false,"excerpt":"Larsen & Toubro Ltd is a multinational conglomerate which is primarily engaged in providing engineering, procurement and construction (EPC) solutions in key sectors such as Infrastructure, Hydrocarbon, Power, Process Industries and Defence, Information Technology and Financial Services in domestic and international markets. Q1 FY26 Earnings Summary (Apr\u2013Jun 2025) Revenue from\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/7-1.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/7-1.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/7-1.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/7-1.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/7-1.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/7-1.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":179635,"url":"https:\/\/alphastreet.com\/india\/tube-investments-q3-fy26-earnings-results\/","url_meta":{"origin":178340,"position":5},"title":"Tube Investments Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"February 5, 2026","format":false,"excerpt":"Tube Investments of India Limited (TII) is one of India\u2019s leading manufacturers of a wide range of products for major industries such as Automotive, Railway, Construction, Mining, Agriculture, etc. The Company\u2019s 3 main verticals are Engineering, Metal Formed Products and Bicycles. 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