Larsen & Toubro Limited (LT) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

May 07, 2026

TBA (Confirmed)

Period Ending

2026 (Q4)

Consensus EPS Forecast

43.03

Last Year’s EPS

39.95

Same Quarter Last Year

Analyst Consensus

Strong Buy

Based on 6 Analysts Ratings

Earnings Call Summary

Q3 2026

Earnings Call Date:Jan 28, 2026|

% Change Since:

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

On guidance, L&T said it now expects to exceed its FY‑26 order‑inflow target of +10% after 9M order inflows rose ~30% YoY (Q3 group inflows INR 1,356bn; Projects & Manufacturing INR 1,164bn — domestic INR 620bn, international INR 544bn), and it remains confident of achieving full‑year revenue growth of 15% (9M revenue +12%; Q3 group revenue INR 714bn; P&M revenue INR 523bn). Projects & Manufacturing EBITDA was 7.9% for 9M against a full‑year target of 8.5% (Q3 P&M 8.1%); group EBITDA margin in Q3 was 10.4% (9.7% a year ago). Net working‑capital/revenue improved to 8.2% as of Dec‑25 (upside of 450bps YoY) and the March‑26 target has been revised down to ~10% (from 12%). Recurring PAT in Q3 was INR 44bn (+31% YoY) while reported PAT was INR 32bn (‑4% YoY) after an INR 11.9bn one‑time Labour Codes provision; trailing 12‑month RoE was 16.5% (17.6% ex‑provision) versus an 18% Lakshya target. Order book stands at INR 7.33tn (+30% YoY) and near‑term prospects at INR 5.92tn (+7% YoY).

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.

Larsen & Toubro Limited (IN:LT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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IN:LT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 07, 2026	2026 (Q4)	43.02 / -	39.95	―	―	―
Jan 28, 2026	2026 (Q3)	31.45 / 23.36	24.41	-4.30% (-1.05)	―	―
Oct 29, 2025	2026 (Q2)	28.80 / 28.53	24.68	15.60% (+3.85)	―	―
Jul 29, 2025	2026 (Q1)	26.32 / 26.29	20.25	29.83% (+6.04)	―	―
May 08, 2025	2025 (Q4)	37.18 / 39.95	31.95	25.04% (+8.00)	―	―
Jan 30, 2025	2025 (Q3)	29.03 / 24.41	21.42	13.96% (+2.99)	―	―
Oct 30, 2024	2025 (Q2)	25.61 / 24.68	22.92	7.68% (+1.76)	―	―
Jul 24, 2024	2025 (Q1)	24.12 / 20.25	17.73	14.21% (+2.52)	―	―
May 08, 2024	2024 (Q4)	31.22 / 31.95	28.35	12.70% (+3.60)	―	―
Jan 30, 2024	2024 (Q3)	25.02 / 21.42	18.15	18.02% (+3.27)	―	―

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
Jan 28, 2026	₹3790.00	₹3793.65	+0.10%
Oct 29, 2025	₹3972.85	₹3951.70	-0.53%
Jul 29, 2025	₹3422.20	₹3495.10	+2.13%
May 08, 2025	₹3291.43	₹3289.95	-0.04%

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 May 07, 2026, TBA (Confirmed).

What is Larsen & Toubro Limited (IN:LT) earnings time?

Larsen & Toubro Limited (IN:LT) earnings time is at May 07, 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 2026 (Q4) is 43.03.