Larsen & Toubro Ltd. Q1 FY2027 results: revenue ₹67,942 crore, up 6.7% on the year
Larsen & Toubro Ltd. (LT) reported consolidated revenue from operations of ₹67,942 crore for Q1 FY2027, the quarter ended 30 June 2026, up 6.7% on the same quarter a year earlier. Profit after tax was ₹4,988 crore, up 15.5% on the year, and earnings per share ₹29.97. The figures are the company's own, from the un-audited results it filed with NSE on 28 July 2026.
The quarter, against the one before and a year earlier
| Line | Q1 FY2027 | Q4 FY2026 | Q1 FY2026 | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 67,942 | 82,762 | 63,679 | +6.7% |
| Other income | 2,377 | 1,579 | 1,357 | +75.2% |
| Total income | 70,318 | 84,341 | 65,036 | +8.1% |
| Cost of materials consumed | 20,959 | 29,939 | 21,610 | -3.0% |
| Purchases of stock-in-trade | 427 | 450 | 212 | +100.9% |
| Changes in inventories | -1,791 | -1,290 | -493 | n/a |
| Employee benefit expense | 14,043 | 13,763 | 12,638 | +11.1% |
| Finance costs | 539 | 679 | 782 | -31.1% |
| Depreciation, depletion and amortisation | 1,032 | 1,168 | 1,033 | -0.1% |
| Other expenses | 28,187 | 31,291 | 23,394 | +20.5% |
| Total expenses | 63,396 | 75,999 | 59,176 | +7.1% |
| Profit before exceptional items and tax | 6,922 | 8,342 | 5,860 | +18.1% |
| Exceptional items | 0 | 69 | 0 | n/a |
| Profit before tax | 6,922 | 8,410 | 5,860 | +18.1% |
| Current tax | 1,881 | 2,215 | 1,518 | +23.9% |
| Deferred tax | 58 | -123 | 15 | +276.6% |
| Total tax | 1,939 | 2,093 | 1,534 | +26.4% |
| Profit after tax | 4,988 | 6,133 | 4,318 | +15.5% |
| Attributable to owners of the parent | 4,123 | 5,326 | 3,617 | +14.0% |
| Other comprehensive income | 838 | -1,723 | 1,159 | -27.7% |
| Total comprehensive income | 5,826 | 4,410 | 5,477 | +6.4% |
| EPS, basic | ₹29.97 | ₹38.71 | ₹26.30 | +14.0% |
| EPS, diluted | ₹29.96 | ₹38.70 | ₹26.29 | +14.0% |
₹ crore except per share.
Leverage, as the company states it
| Line | Q1 FY2027 | Q4 FY2026 | Q1 FY2026 | Change on the year |
|---|---|---|---|---|
| Debt to equity | 1.01 | 0.95 | 0.01 | |
| Debt service coverage | 10.72 | 9.00 | 0.01 | |
| Interest service coverage | 11.42 | 11.55 | 0.07 |
Debt to equity, debt service coverage and interest service coverage are the figures the company prints in its result statement under the listing regulations.
Segments, Q1 FY2027
| Segment | Revenue ₹ crore | Share of segment revenue | Result ₹ crore | Result over revenue |
|---|---|---|---|---|
| Infrastructure & Utilities | 22,144 | 32.3% | 804 | 3.6% |
| Energy - Conventional | 14,246 | 20.8% | 967 | 6.8% |
| Energy - Green | 5,607 | 8.2% | 322 | 5.7% |
| Manufacturing & Products | 4,648 | 6.8% | 593 | 12.8% |
| Technology, Platforms & Services | 14,720 | 21.5% | 2,354 | 16.0% |
| Financial Services | 5,042 | 7.3% | 1,236 | 24.5% |
| Realty | 1,133 | 1.7% | 347 | 30.6% |
| Development Projects | 1,074 | 1.6% | 124 | 11.6% |
| Add: Exceptional items (net of tax) | 0 | n/a | 0 | n/a |
| Less: Inter-segment assets | 0 | n/a | 0 | n/a |
| Less: Inter-segment liabilities | 0 | n/a | 0 | n/a |
| (Add)/Less: Inter-segment margins on capital jobs | 0 | n/a | -18 | n/a |
Segment revenue and segment result as the company filed them, before inter-segment eliminations; share and result over revenue are arithmetic on those.
Quarterly results, the last 12 quarters
| Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 51,024 | 55,128 | 67,079 | 55,120 | 61,555 | 64,668 | 74,392 | 63,679 | 67,984 | 71,450 | 82,762 | 67,942 |
| Expenses | 47,166 | 51,194 | 61,792 | 51,364 | 57,101 | 60,303 | 67,988 | 59,176 | 63,032 | 65,730 | 75,999 | 63,396 |
| Operating profit | 5,632 | 5,759 | 7,234 | 5,615 | 6,362 | 6,255 | 8,203 | 6,318 | 6,806 | 7,417 | 8,610 | 6,116 |
| OPM % | 11% | 10% | 11% | 10% | 10% | 10% | 11% | 10% | 10% | 10% | 10% | 9% |
| Other income | 1,133 | 838 | 1,042 | 921 | 1,101 | 968 | 1,135 | 1,357 | 1,384 | 1,441 | 1,579 | 2,377 |
| Interest | 864 | 904 | 926 | 861 | 884 | 843 | 746 | 782 | 763 | 625 | 679 | 539 |
| Depreciation | 910 | 921 | 1,021 | 998 | 1,024 | 1,047 | 1,052 | 1,033 | 1,092 | 1,072 | 1,168 | 1,032 |
| Exceptional items | 0 | 0 | 94 | 0 | 0 | 0 | 475 | 0 | 0 | -1,791 | 69 | 0 |
| Profit before tax | 4,991 | 4,772 | 6,422 | 4,677 | 5,555 | 5,333 | 8,014 | 5,860 | 6,336 | 5,370 | 8,410 | 6,922 |
| Tax % | 23% | 25% | 22% | 26% | 26% | 25% | 23% | 26% | 26% | 29% | 25% | 28% |
| Net profit | 3,846 | 3,593 | 5,013 | 3,445 | 4,099 | 3,974 | 6,156 | 4,318 | 4,678 | 3,825 | 6,133 | 4,988 |
| EPS in ₹ | ₹22.94 | ₹21.44 | ₹31.98 | ₹20.26 | ₹24.69 | ₹24.43 | ₹39.98 | ₹26.30 | ₹28.54 | ₹23.37 | ₹38.71 | ₹29.97 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Un-audited consolidated results for the quarter ended 30 June 2026, filed with NSE on 28 July 2026: the result statement. All of Larsen & Toubro Ltd.'s results: NSE company page.
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