Mumbai, January 28, 2026: Larsen & Toubro (L&T) delivered a blockbuster performance in Q3 FY26, posting its highest-ever quarterly order inflow of ₹1.35 lakh crore—a 17% year-on-year surge—propelling its total order book past the historic ₹7 lakh crore milestone.
The engineering behemoth reported a 31% jump in recurring profit after tax (PAT) to ₹4,406 crore for the December quarter, while revenue grew 10% to ₹71,450 crore. The consolidated PAT stood at ₹3,215 crore after accounting for a one-time exceptional provision of ₹1,191 crore related to new labour codes.
Order Book & Growth Drivers
-
9-Month Order Inflow: ₹3.46 lakh crore (up 30% YoY)
-
International Orders Contribution: 49% of Q3 inflow (₹66,848 crore)
-
Key Sectors: Thermal Power, Hydrocarbons, Renewables, Transmission & Distribution, Roads & Runways
-
Order Book Position: ₹7.33 lakh crore (up 30% from last year)
Segment-Wise Performance Highlights
-
Infrastructure Projects: Order inflow up 26% to ₹61,876 crore; EBITDA margin improved to 6.1%
-
Energy Projects: Order inflow up 19% to ₹46,049 crore, driven by offshore wind and carbon solutions
-
IT & Tech Services: Revenue grew 12% to ₹13,526 crore with margin expansion
-
Financial Services: Loan book expanded 20% to ₹1.14 lakh crore
Management Outlook
Chairman & MD S N Subrahmanyan stated: "We have witnessed another landmark quarter... This growth is driven by our unwavering commitment to sustainable execution and integrating ESG principles." He expressed optimism about sustained capital expenditure and expected policy support in the upcoming Union Budget for manufacturing and digital infrastructure.
The company's EBITDA margin expanded to 10.4% from 9.7% a year ago, reflecting improved operational efficiency despite global headwinds.