Larsen PAT drops 3 pc to Rs 5,326 cr in Q4

New Delhi, May 5 (PTI) Larsen & Toubro (L&T) on Tuesday reported a 3 per cent drop in consolidated profit after tax (PAT) to Rs 5,326 crore during the March quarter in FY26, mainly due to a high-base effect from previous exceptional gains.

The company posted a consolidated PAT of Rs 5,497 crore in the year-ago period, L&T said in a filing to the BSE.

The decline was largely due to a high base, as the corresponding quarter last financial year included an exceptional gain of Rs 475 crore.

“The total consolidated PAT for the quarter was at Rs 5,326 crore, reflecting a decline of 3 per cent. The year-on-year decline in consolidated PAT is primarily attributable to an exceptional gain (net of tax & NCI) of Rs 475 crore in the previous year,” the filing

said.

However, revenue from operations in January-March FY26 rose 11 per cent to Rs 82,762 crore from Rs 74,392 crore in the year-ago period.

“The year concluded on a strong note, supported by good financial performance across segments. Order inflow for the year exceeded a record Rs 4 lakh crore,” S N Subrahmanyan, Chairman & Managing Director, Larsen & Toubro Ltd, said.

In a media briefing on the Q4 results, company’s Chief Financial Officer R Shankar Raman said in FY27 Larsen is targetting 10-12 per cent rise in order inflows from last year’s Rs 4.85 lakh crore, even as he flagged shipment delays and geopolitical risks stretching execution timelines.

“In line with the general direction of growth, we will try to cast an annual plan. Since 12 months is a lot easier to forecast as compared to 60 months, we will look for guidance for the next 12 months and see how it rolls into the larger plan,” a company executive said.

On revenue, the company expects a 10-12 per cent growth in the current fiscal against 12 per cent in FY26, factoring in shipment disruptions from the March quarter spilling into the first half. “We are starting the year with some of the shipment delays… the disruption will begin to show in the first six months… execution line will tend to get a little stretched,” he said.

On the Middle East crisis, there was “very very limited impact” on the January-March quarter with no margin shave-off.

“Going forward… as the projects are to be executed over the next 24 months, what kind of effect it is going to happen needs to be checked,” he said, adding that most contracts include provisions for compensation, reimbursements and time extensions for events beyond the contractor’s control, such as military escalations.

The group’s consolidated order book as on March 31, 2026, stood at an all-time high of Rs 7,40,327 crore, reflecting a 28 per cent growth over March 2025.

International orders constituted 52 per cent of the overall order book.

The board recommended a final dividend of Rs 38 per equity share for FY26, subject to shareholders’ approval.

The company also named P Ramakrishnan as it next chief financial officer.

Larsen & Toubro is a USD 32-billion Indian multinational engaged in engineering, procurement and construction projects, hi-tech manufacturing and services, operating across multiple geographies. PTI SID TRB