)
Visual
test
Larsen & Toubro
Larsen & Toubro (LT) investor relations material
Larsen & Toubro Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 25/26 earnings summary28 Jan, 2026
Executive summary
Achieved record quarterly order inflow of INR 1,356 billion (₹135,581 crore), up 17% YoY, with strong domestic and international momentum; order book reached INR 7.33 trillion (₹733,161 crore), up 30% YoY, with a 49% international share.
Group revenues grew 10% YoY to INR 714 billion (₹71,450 crore), with 54% from international markets; recurring PAT rose 31% YoY to INR 44 billion (₹4,406 crore), while reported PAT declined due to a one-time INR 11.9 billion (₹1,191 crore) labor code provision.
Return on equity improved to 16.5%, up 40 bps YoY; net working capital to revenue ratio improved by 450 bps to 8.2%.
Notable strategic moves include realty business consolidation, partnerships in defense and nuclear sectors, and rebranding of the data center business.
Highest ever pre-sales in Realty and record retail disbursements in Financial Services.
Financial highlights
Projects and manufacturing order inflows at INR 1.16 trillion, up 18% YoY; domestic orders up 30%, international up 7%.
Group EBITDA margin improved to 10.4% (from 9.7% YoY); projects and manufacturing margin at 8.1%, up 50 bps.
Cash flow from operations (excluding financial services) at INR 79 billion for Q3, up from INR 21 billion YoY; 9M FY26 at INR 184 billion, up from INR 83 billion YoY.
Decline in finance cost due to lower borrowing levels and rates; other income increased from higher surpluses and yields.
Exceptional item of INR 11.9 billion (₹1,191 crore) due to one-time provision for new labour codes.
Outlook and guidance
Expects to exceed 10% order inflow guidance for FY26, driven by strong nine-month performance and robust pipeline of INR 5.9 trillion.
Confident of achieving 15% full-year revenue growth, with Q4 expected to see customary execution ramp-up.
Projects and manufacturing EBITDA margin target of 8.5% for FY26 remains in focus.
Net working capital to revenue target revised to around 10% by year-end, reflecting improved collections.
Company aims to capitalize on emerging opportunities through geographic expansion and focus on cost and cash flow management.
Are Q3 exceptional items truly one-off?
Address Energy Projects margin decline
How will Realty business transfer impact strategy?
Kuwait projects: expected timeline for re-tendering?
P&M margin uplift post-legacy project completion?
New age CapEx: scale of semiconductor investments?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Latest summaries
- TimeTickerHeadlineOpen
- PNDORA
2025 organic growth reached 6%, with EBIT margin at 23.9% and cautious 2026 outlook. - PRU
Earnings rose 12% to $6.6B; Japan sales pause to cut 2026 earnings by $300M-$350M. - FTV
2025 results beat guidance, with strong EPS growth and $1.6B in share repurchases. - BEN
All proposals passed, with strong financial growth and strategic progress in alternatives and ETFs. - APAM
AUM hit $180B in 2025, with strong credit/alternatives growth and higher dividends. - OXBR
Tokenized reinsurance contracts on Solana open Florida’s high-return market to global investors. - KMT
Q2 sales and earnings surged, driving raised full-year guidance and strong segment growth. - RNR
Net income hit $2.65B in 2025, with 30.8% book value growth despite major loss events. - WNC
Q4 2025 revenue was $321.5M with losses, but Parts & Services grew 32.6% year-over-year. - AGI
Path to 1M oz gold by 2029, with lower costs, strong cash flow, and major expansions advancing.
Next Larsen & Toubro earnings date
Q4 25/267 May, 2026
Larsen & Toubro
Next Larsen & Toubro earnings date
Q4 25/267 May, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Larsen & Toubro Limited is an India-based conglomerate engaged in engineering, construction, manufacturing, and technology services. The company operates through various segments including infrastructure, energy, defense, heavy engineering, and IT services. It serves clients in domestic and international markets. Larsen & Toubro Limited is headquartered in Mumbai, India, and its shares are listed on the NSE.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage