L&T Reports 3% Year-Over-Year Decline in Q4 Profit, ₹5,326 Crore Earnings; ₹38 Dividend per Share Announced

Larsen & Toubro Reports 3% YoY Decline in Q4 Net Profit

Larsen & Toubro (L&T), a leading infrastructure major, announced its consolidated net profit for the January-March quarter of the financial year 2025-26 (FY26) on Tuesday, 5 May. The company reported a 3% year-on-year (YoY) decline in its consolidated net profit to ₹5325.60 crore, down from ₹5497.26 crore in the same period last year.

Despite the decline, the company's consolidated revenue from operations jumped 11.25% YoY to ₹82762.16 crore in Q4FY26, higher than ₹74392.28 crore in Q4FY25. On a quarter-on-quarter (QoQ) basis, the revenue figure was higher by 15.8% from ₹71449.70 crore posted for the preceding quarter ended December 2025.

Order Inflows and Order Book

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The consolidated order inflows during the quarter stood at ₹89,772 crore, L&T said in a press release. The company secured several high-value order wins across sectors, including Commercial & Residential Buildings, Roads & Runways, Urban Transport, Transmission & Distribution, and the Hydrocarbon Onshore businesses. International orders stood at ₹59,994 crore, contributing 67% to the total order inflow.

As of FY26, L&T's consolidated order book stood at an all-time high of ₹740,327 crore, reflecting a 28% growth over March 2025.

Financial Performance

The company's EBITDA growth was decent at 5% to ₹8,610 crore from ₹8,203 crore in the same period last year. However, margins declined sharply by 60 bps to 10.4% in Q4FY26 from 11% in Q4FY25.

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For the full financial year, the company achieved consolidated revenues of ₹285,874 crore, registering a YoY growth of 12% driven by steady execution progress across businesses. The total consolidated PAT for the year was ₹16,084 crore, higher by 7% YoY.

Dividend Details

The company's board also recommended a final dividend of ₹38 per share of the face value of ₹2 each for the fiscal year ended March 2026. The record date for L&T's final dividend to determine eligible shareholders for the payout has been set as 22 May, 2026.

Outlook

L&T cautioned about the challenging global environment, which is resulting in trade disruptions. However, the company added that India's GDP growth is supported by sustained domestic demand and public capital expenditure. Private sector investments have also improved. It further expects the economic growth to be strong.

Key Financial Highlights

L&T remains focused on maximising shareholder value by driving operational excellence through AI & digital initiatives to enhance cost competitiveness, maintaining working capital discipline, prudent capital allocation, and ensuring effective and profitable execution of its robust order book.