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Earnings Data
Report Date
Jul 28, 2026TBA (Confirmed)
Period Ending
2027 (Q1)Consensus EPS Forecast
27.48Last Year’s EPS
26.29Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a largely positive operational and financial picture: record order inflows, a materially larger order book, double-digit revenue growth, improved EBITDA margins, strong recurring PAT growth, and a significant improvement in working capital and cash flows. Strategic initiatives (partnerships, data centers, semiconductor and electrolyzer work) and ESG recognition further bolster the outlook. Headwinds include margin pressure in the Energy/Hydrocarbon portfolio from a few legacy projects (expected to persist for a few quarters), a one-time INR 11.9 billion Labour Codes charge that reduced reported PAT, some cancellations/delays (notably Kuwait) and slowing activity/funding in certain domestic water projects. On balance, the operational momentum, balance sheet improvements and record orders outweigh the transitory execution and one-time issues, with management retaining FY'26 revenue and order guidance and revising working-capital targets lower.Company Guidance
Record Quarterly Order Inflows
Highest ever quarterly order inflows of INR 1,356 billion (INR 1.356 trillion), up 17% YoY; Projects & Manufacturing inflows INR 1,164 billion, up 18% YoY. Domestic P&M orders INR 620 billion (+30% YoY) and international INR 544 billion (+7% YoY).
Strong Order Book and Prospects
Order book at INR 7.33 trillion, up 30% YoY. Near-term prospects pipeline INR 5.92 trillion, up 7% YoY, with notable expansion in CarbonLite and Hi‑Tech Manufacturing prospects.
Revenue Growth
Group revenues for Q3 FY'26 at INR 714 billion, up 10% YoY; Projects & Manufacturing revenues INR 523 billion, up 11% YoY. 9M revenue growth ~12% and management remains confident of full-year revenue growth guidance of 15%.
Margin and Profitability Improvement (Recurring)
Group EBITDA margin (ex-other income) improved to 10.4% from 9.7% a year ago. Projects & Manufacturing EBITDA margin improved to 8.1%, up ~50 basis points YoY. Recurring PAT at INR 44 billion, up 31% YoY.
Working Capital and Cash Flow Improvement
Net working capital to revenue improved sharply to 8.2% (from 12.7% a year ago), an improvement of ~450 bps. Group collections (ex-FS) for Q3 at INR 642 billion vs INR 591 billion prior year; operating cash flow (ex-FS) INR 79 billion vs INR 21 billion prior year.
Return on Equity Resilience
Trailing 12-month ROE at 16.5%, up 40 bps YoY. Excluding one-time Labour Codes provision, ROE would be 17.6%, close to the 18% target under the Lakshya plan.
Strategic Partnerships, New Businesses and ESG Recognition
Entered strategic partnerships (e.g., General Atomics for MALE RPAS, MoU with Holtec for nuclear heat transfer equipment), rebranded data center business (L&T‑Vyoma) targeting hyperscale metro campuses, initiated transfer of Realty business to L&T Realty Properties Ltd, and upgraded MSCI ESG rating from BBB to A; featured among ENR Top 200 Environmental Firms.
Realty and New-venture Traction
L&T Realty recorded highest ever quarterly presales ~INR 50 billion; a new project (L&T Green Reserve Noida) achieved >INR 40 billion presales in first week. Data center capacity ~32 MW (14 MW live; 18 MW to commission by year end) with ~INR 1,000 crore total CapEx to date.
Financial Services and Development Project Improvements
L&T Finance posted highest ever quarterly retail disbursements, 98% retailization of loan book and RoA 2.31% for Q3. L&T Hyderabad Metro average fare rose to INR 47 from INR 38 YoY, with net loss narrowing to INR 1.85 billion from INR 2.03 billion.
IN:LT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
IN:LT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | ₹4060.54 | ₹4016.91 | -1.07% |
Jan 28, 2026 | ₹3753.34 | ₹3756.95 | +0.10% |
Oct 29, 2025 | ₹3934.42 | ₹3913.47 | -0.53% |
Jul 29, 2025 | ₹3389.09 | ₹3461.29 | +2.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Larsen & Toubro Limited (IN:LT) report earnings?
Larsen & Toubro Limited (IN:LT) is schdueled to report earning on Jul 28, 2026, TBA (Confirmed).
What is Larsen & Toubro Limited (IN:LT) earnings time?
Larsen & Toubro Limited (IN:LT) earnings time is at Jul 28, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is the P/E ratio of Larsen & Toubro Limited stock?
The P/E ratio of Larsen & Toubro Limited is N/A.
What is IN:LT EPS forecast?
IN:LT EPS forecast for the fiscal quarter 2027 (Q1) is 27.48.