Larsen & Toubro logo

Larsen & Toubro results

NSE: LTBSE: 500510ConstructionLarge Cap

Last close ₹3,647.00up ₹8.70 (0.24%)BSE ₹3,645.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹3,638.30.

52-week range of traded prices to 23 Oct 2026
₹3,288.10Low, 23 Mar 2026₹4,440.00High, 24 Feb 2026
Market cap
₹5,01,789 Cr8th largest listed
P/E
30.2
P/E without one-offs
27.4
P/B
4.6
Dividend yield
1.04%
ROE
16.0%
ROE without one-offs
17.7%
ROCE
9.8%
Debt to equity
0.95
Volume, NSE
20,21,97357.2% delivered

Q1 results, quarter to Jun 2026

Consolidated: the company and its subsidiaries together. ₹ crore.Larsen & Toubro annual results and balance sheet

Revenue
₹67,942 Cr+6.7% on a year ago · −17.9% on the quarter before
Operating profit
₹6,116 Cr−3.2% on a year ago · −29.0% on the quarter before
Net profit
₹4,988 Cr+15.5% on a year ago · −18.7% on the quarter before
Earnings per share
₹29.97+14.0% on a year ago · −22.6% on the quarter before
Operating margin
9.0%
Net margin
7.3%

From revenue to net profit, ₹ crore

  1. Revenue67,942
  2. Materials and goods−19,595
  3. Employee costs−14,043
  4. Other expenses−28,187
  5. Operating profit6,116
  6. Depreciation−1,032
  7. Other income+2,377
  8. Finance costs−539
  9. Profit before tax6,922
  10. Tax−1,939
  11. Joint ventures+5.2
  12. Net profit4,988

Larsen & Toubro results by quarter

Consolidated: the company and its subsidiaries together. Latest quarter to Jun 2026. Results for the quarter to Sep 2026 are due by 14 Nov 2026, 45 days after it ends.Results filings and date

Revenue and net profit by quarter, ₹ crore

  • Revenue
  • Net profit

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
₹ croreSep 2021Q2Filed 28 OctDec 2021Q3Filed 29 JanMar 2022Q4Filed 13 MayJun 2022Q1Filed 28 JulSep 2022Q2Filed 1 NovDec 2022Q3Filed 31 JanMar 2023Q4Filed 12 MayJun 2023Q1Filed 26 JulSep 2023Q2Filed 1 NovDec 2023Q3Filed 31 JanMar 2024Q4Filed 9 MayJun 2024Q1Filed 26 JulSep 2024Q2Filed 31 OctDec 2024Q3Filed 31 JanMar 2025Q4Filed 9 MayJun 2025Q1Filed 29 JulSep 2025Q2Filed 29 OctDec 2025Q3Filed 28 JanMar 2026Q4Filed 5 MayJun 2026Q1Filed 28 Jul
Revenue from operations34,77339,56352,85135,85342,76346,39058,33547,88251,02455,12867,07955,12061,55564,66874,39263,67967,98471,45082,76267,942
30,77835,03346,33031,89737,86341,31751,50243,01445,39249,36959,84549,50555,19358,413–57,36161,17764,03374,15261,825
Materials and goods bought10,63713,57220,31611,66613,70516,07623,09216,70317,87619,18227,01218,79224,13924,05729,57821,32924,72624,73829,09819,595
Employee costs7,2527,6317,9688,5569,1669,5339,9819,88910,29910,25310,73011,04411,45611,912–12,63812,98612,80013,76314,043
Other expenses12,88913,82918,04511,67414,99115,70818,43016,42117,21719,93422,10319,66919,59722,444–23,39423,46526,49531,29128,187
Operating profit before depreciation3,9954,5306,5213,9574,8995,0736,8334,8695,6325,7597,2345,6156,3626,255–6,3186,8067,4178,6106,116
Operating margin11.5%11.5%12.3%11.0%11.5%10.9%11.7%10.2%11.0%10.4%10.8%10.2%10.3%9.7%–9.9%10.0%10.4%10.4%9.0%
Depreciation and amortisation7297327699638608258548309109211,0219981,0241,047–1,0331,0921,0721,1681,032
Other income5325715166957397557411,1461,1338381,0429211,1019681,1351,3571,3841,4411,5792,377
Finance costs779814705756836802813851864904926861884843746782763625679539
Profit before one-off items and tax3,0193,5565,5622,9323,9424,2005,9074,3324,9914,7726,3284,6775,5555,3337,5395,8606,3367,1618,3426,922
One-off items1200000136000094000–00−1,791690
Profit before tax3,1393,5565,5622,9323,9424,3365,9074,3324,9914,7726,4224,6775,5555,3338,0145,8606,3365,3708,4106,922
9071,0591,5556391,1231,2711,4611,2161,1361,1771,4181,2371,4421,332–1,5341,6491,5412,0931,939
Tax rate28.9%29.8%28.0%21.8%28.5%29.3%24.7%28.1%22.8%24.7%22.1%26.4%26.0%25.0%–26.2%26.0%28.7%24.9%28.0%
Share of profit of joint ventures and associates120132−65−34−712−21−10−2105−14−2722−7−9−5−1845
2,2322,5174,1382,2282,7853,0584,4593,0963,8463,5935,0133,4454,0993,974–4,3184,6783,8256,1334,988
Other comprehensive income871726−956−868449416331−4234937196358−1,276–1,159−490648−1,723838
Total comprehensive income2,3192,6894,1451,2721,9173,5074,8753,4273,4224,0855,0203,6414,4572,698–5,4774,1884,4724,4105,826
Net margin6.4%6.4%7.8%6.2%6.5%6.6%7.6%6.5%7.5%6.5%7.5%6.2%6.7%6.1%–6.8%6.9%5.4%7.4%7.3%
Net margin without joint ventures and associates6.4%6.3%7.6%6.4%6.6%6.6%7.6%6.5%7.6%6.5%7.5%6.2%6.7%6.2%–6.8%6.9%5.4%7.6%7.3%
Earnings per share₹12.95₹14.63₹25.77₹12.11₹15.86₹18.17₹28.37₹17.74₹22.94₹21.44₹31.98₹20.26₹24.69₹24.43₹39.98₹26.30₹28.54₹23.37₹38.71₹29.97
Diluted earnings per share₹12.94₹14.61₹25.75₹12.10₹15.85₹18.15₹28.35₹17.73₹22.92₹21.42₹31.95₹20.25₹24.68₹24.41₹39.95₹26.29₹28.53₹23.36₹38.70₹29.96
Earnings per share in rupees, restated for later splits and bonuses. Net profit is left blank for Mar 2025: the filing states no share for the other owners of the company's subsidiaries while the periods either side do, so the group's profit is not stated.

Filed results, as an XML file each

16 earlier filings

Segment results by quarter

Consolidated, ₹ crore, quarters to Jun 2026.Larsen & Toubro segment results by year

  • Financial Services

    Revenue, ₹ crore
    Profit, ₹ crore
  • Development Projects

    Revenue, ₹ crore
    Profit, ₹ crore
  • Infrastructure & Utilities

    Revenue, ₹ crore
    Profit, ₹ crore
  • Technology, Platforms & Services

    Revenue, ₹ crore
    Profit, ₹ crore
  • Energy - Conventional

    Revenue, ₹ crore
    Profit, ₹ crore
  • Energy - Green

    Revenue, ₹ crore
    Profit, ₹ crore
  • Manufacturing & Products

    Revenue, ₹ crore
    Profit, ₹ crore
  • Realty

    Revenue, ₹ crore
    Profit, ₹ crore
₹ croreSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue of all businesses51,88456,01667,91255,64562,38165,47575,52064,27968,73572,25283,78268,613
Company revenue, as in its results51,02455,12867,07955,12061,55564,66874,39263,67967,98471,45082,76267,942
Revenue24,97728,26638,36927,17932,35232,40839,37529,03132,14934,00440,160–
Revenue growth27.0%27.3%21.6%21.4%29.5%14.7%2.6%6.8%−0.6%4.9%2.0%–
Profit1,0361,2052,6301,2001,5501,4152,7561,2731,6381,6953,154–
Profit growth−2.9%−7.6%26.3%41.2%49.7%17.4%4.8%6.1%5.6%19.8%14.4%–
Margin4.1%4.3%6.9%4.4%4.8%4.4%7.0%4.4%5.1%5.0%7.9%–
Assets89,13493,22396,89999,5221,00,1811,00,23197,1831,00,18397,17699,2101,15,060–
Liabilities61,37364,07072,85172,56372,68769,95772,18171,27869,25473,53793,246–
Capital employed27,76129,15324,04826,95827,49430,27325,00328,90527,92225,67321,814–
Revenue6,7947,8708,2168,5008,88011,05512,25412,47413,09012,73016,600–
Revenue11,24711,32611,38311,55711,96112,21912,71712,67913,35413,67614,238–
Revenue3,0843,4073,5983,6643,8373,8813,8123,9714,1664,4774,6695,042
Revenue2,0412,1852,5711,9202,1762,5893,4963,3622,8313,3824,914–
Revenue1,8881,7422,5161,4971,7931,8872,6391,5191,6122,8222,025–
Revenue1,8531,2201,2591,3271,3831,4351,2281,2421,5331,1611,1761,074
Revenue–––––––––––22,144
Revenue–––––––––––14,720
Revenue–––––––––––14,246
Revenue–––––––––––5,607
Revenue–––––––––––4,648
Revenue–––––––––––1,133
0000–––0–––0
000000000000
000000000000
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Profit is before tax and finance costs, the way companies report their segments.