Larsen & Toubro quarterly results and financials

Larsen & Toubro (LT)₹4,185+1.82%(9 Nov 2026 close)Civil Construction

Key facts

In the Sep 2026 quarter (consolidated), Larsen & Toubro reported sales of ₹78,531 Cr, up 15.8% from Sep 2025, and net profit of ₹5,943 Cr, up 27.3% year on year. For the year to Mar 2026, sales were ₹2.85 L Cr and net profit ₹18,917 Cr.

Sales (Sep 2026): ₹78,531 Cr
Net profit (Sep 2026): ₹5,943 Cr
Sales (FY Mar 2026): ₹2.85 L Cr
Net profit (FY Mar 2026): ₹18,917 Cr
EPS (Sep 2026): ₹37.85
Borrowings (Mar 2026): ₹1.25 L Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

Larsen & Toubro quarterly results

₹ crore unless stated; each column is a quarter.

Larsen & Toubro Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	54,952	66,930	54,973	61,324	64,489	74,188	63,445	67,832	71,193	82,472	67,735	78,531
Expenses	48,008	58,547	48,157	53,704	56,907	64,666	55,770	59,595	62,351	72,472	59,915	70,023
Operating Profit	7,220	8,680	7,070	7,942	7,924	9,917	8,050	8,540	9,225	10,463	8,182	8,851
OPM %	13.0%	13.0%	13.0%	13.0%	12.0%	13.0%	13.0%	13.0%	13.0%	13.0%	12.0%	11.0%
Other Income	839	1,137	922	1,103	970	1,612	1,358	1,386	−350	1,649	2,380	2,311
Interest	2,338	2,339	2,286	2,434	2,481	2,415	2,484	2,465	2,396	2,484	2,567	2,438
Depreciation	918	1,018	994	1,021	1,043	1,049	1,029	1,087	1,068	1,163	1,028	1,032
Profit before tax	4,778	6,437	4,688	5,567	5,339	8,034	5,873	6,346	5,384	8,429	6,937	7,654
Tax %	25.0%	22.0%	25.9%	25.9%	24.9%	22.9%	25.9%	25.9%	28.9%	24.9%	28.0%	22.9%
Exceptional items	0.00	69.91	0.00	0.00	0.00	362	0.00	0.00	−1,276	50.93	0.00	0.00
Net Profit	3,587	5,007	3,439	4,092	3,965	6,144	4,314	4,667	3,821	6,121	4,977	5,943
EPS (Rs)	21.46	31.99	20.28	24.70	24.46	40.02	26.31	28.53	23.36	38.70	30.00	37.85

Larsen & Toubro profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Larsen & Toubro Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,00,858	1,09,041	1,19,411	1,34,917	1,45,125	1,35,604	1,55,948	1,82,907	2,20,622	2,55,034	2,84,873	2,99,931
Expenses	85,784	92,779	99,796	1,12,575	1,21,096	1,12,679	1,32,449	1,56,449	1,92,754	2,21,696	2,49,975	2,64,761
Operating Profit	15,532	16,688	20,189	22,961	24,633	23,559	24,401	27,249	28,848	34,694	36,498	36,721
OPM %	15.0%	15.0%	17.0%	17.0%	17.0%	17.0%	16.0%	15.0%	13.0%	14.0%	13.0%	12.2%
Other Income	1,221	1,468	1,467	2,705	3,019	8,124	2,368	2,895	4,962	3,078	4,057	5,989
Interest	6,889	6,810	7,697	9,313	10,993	11,726	9,221	9,423	9,489	9,907	10,040	9,885
Depreciation	1,781	2,363	2,213	1,915	2,451	2,892	2,937	3,488	3,670	4,108	4,347	4,292
Profit before tax	8,040	8,901	11,658	14,322	14,108	16,942	14,518	17,143	20,564	23,639	26,034	28,404
Tax %	29.9%	22.9%	27.0%	27.9%	22.9%	24.0%	28.9%	25.9%	24.0%	24.9%	25.9%	—
Exceptional items	143	117	−1,397	221	−24.97	−2,578	561	389	1,020	−379	−380	−1,225
Net Profit	4,584	6,479	7,992	10,200	10,882	12,896	10,408	12,519	15,530	17,640	18,917	20,862
EPS (Rs)	30.67	43.20	52.58	63.52	68.04	82.57	61.76	74.52	95.02	109.48	116.89	129.91
Dividend payout %	40.0%	22.0%	30.0%	28.0%	26.0%	44.0%	36.0%	32.0%	36.0%	31.0%	32.0%	—

Larsen & Toubro balance sheet

₹ crore, at each year end.

Larsen & Toubro Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	186	187	187	281	282	282	282	282	281	275	276	276
Reserves	40,671	43,910	49,920	54,486	61,970	66,368	75,467	81,941	88,847	85,872	97,156	1,08,829
Borrowings	93,363	87,883	93,719	1,07,216	1,25,223	1,42,741	1,34,387	1,25,303	1,20,345	1,16,056	1,32,135	1,25,123
Other Liabilities	58,445	61,626	67,076	80,556	89,843	96,485	99,119	1,10,697	1,19,472	1,36,367	1,48,726	2,16,846
Total Liabilities	1,92,666	1,93,607	2,10,903	2,42,539	2,77,318	3,05,876	3,09,254	3,18,223	3,28,946	3,38,571	3,78,292	4,51,074
Fixed Assets	34,632	14,133	16,625	18,526	21,130	43,571	44,187	42,871	42,554	42,850	43,966	30,811
CWIP	15,007	10,982	13,304	13,449	13,932	3,310	500	1,251	3,067	3,045	2,589	3,312
Investments	9,625	15,495	19,788	15,348	20,952	20,075	39,706	39,436	44,858	45,744	54,883	68,542
Other Assets	1,33,402	1,52,996	1,61,186	1,95,215	2,21,303	2,38,919	2,24,861	2,34,665	2,38,467	2,46,932	2,76,854	3,48,409
Inventories	6,491	4,844	4,134	4,837	6,398	5,735	5,813	5,935	6,812	6,608	7,652	9,510
Trade receivables	30,114	26,061	28,711	33,139	36,898	40,785	42,279	46,197	44,757	48,786	53,716	60,538
Cash & equivalents	5,763	5,395	5,306	8,042	11,724	15,125	16,261	18,950	22,536	15,360	22,992	20,853
Total Assets	1,92,666	1,93,607	2,10,903	2,42,539	2,77,318	3,05,876	3,09,254	3,18,223	3,28,946	3,38,571	3,78,292	4,51,074

Larsen & Toubro cash flow

₹ crore, for each year.

Larsen & Toubro Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	−1,366	−3,242	6,654	−10,040	−4,756	6,695	23,071	19,179	22,800	18,281	9,150	16,736
Cash from investing activity	−4,762	−4,614	−9,778	3,902	−10,993	−8,392	−5,733	−3,576	−8,024	2,172	−15,439	−11,345
Cash from financing activity	7,873	7,230	2,886	9,333	15,392	6,348	−15,209	−15,128	−11,540	−25,305	6,537	−2,148
Net cash flow	1,767	−616	−246	3,267	−339	4,678	2,056	398	3,170	−4,990	229	3,215
Capex	6,244	4,320	2,976	2,873	4,302	3,433	1,807	3,105	4,142	4,512	4,417	4,806
Free cash flow	−7,465	−7,370	3,840	−12,053	−8,271	3,401	22,188	16,146	19,002	14,071	5,616	12,285
CFO / OP %	10.0%	0.0%	59.1%	−32.9%	1.0%	44.0%	113.0%	97.1%	103.1%	82.1%	43.1%	63.1%

Larsen & Toubro ratios

Working-capital days and returns, by year.

Larsen & Toubro Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	119	94	96	101	99	102	113	108	89	81	77	77
Inventory days	75	50	40	44	50	43	50	43	40	31	29	35
Days payable	288	283	301	349	340	336	401	378	302	255	208	265
Cash conversion cycle	−92	−138	−164	−203	−190	−190	−236	−227	−172	−143	−101	−151
Working capital days	11	43	41	44	19	24	27	0	1	−17	−34	−28
ROCE %	10.0%	11.0%	11.0%	14.0%	13.0%	11.9%	10.0%	10.0%	12.0%	13.0%	15.0%	15.0%

Larsen & Toubro: frequently asked questions

What are the latest quarterly results of Larsen & Toubro?

For the Sep 2026 quarter, Larsen & Toubro reported sales of ₹78,531 Cr, up 15.8% year on year and net profit of ₹5,943 Cr, up 27.3% year on year. The operating margin was 11.0%.

What is the annual revenue of Larsen & Toubro?

Larsen & Toubro's sales for the year to Mar 2026 were ₹2.85 L Cr; over the last twelve months they were ₹3.00 L Cr.

What is the net profit of Larsen & Toubro?

Net profit for the year to Mar 2026 was ₹18,917 Cr, and ₹20,862 Cr over the last twelve months. Earnings per share over the same trailing period were ₹129.91.

How much debt does Larsen & Toubro have?

Larsen & Toubro reported borrowings of ₹1.25 L Cr at Mar 2026, against cash and equivalents of ₹20,853 Cr.

What is the free cash flow of Larsen & Toubro?

Cash from operations was ₹16,736 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹12,285 Cr.

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