Announced Tue, 5 May · 18:18 IST

Analyst Presentation - Q4/FY26

Order Pipeline DisclosedAnalyst Day Multiyear TargetsMgmt Guided Margin PressureInvestor Communications View source PDF

LT · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-1.3%1-day move

₹4075.00

prior close

₹3974.00

base price

After-mkt

timing

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AI summary

L&T reported record order inflow of ₹4,356 bn (+22% YoY) with order book at ₹7,403 bn (+28% YoY). Revenue grew 12% to ₹2,859 bn while Recurring PAT increased 18% to ₹172 bn. ROE improved 30bps to 16.6% (excl labour code impact). Net Working Capital to Revenue dropped to 4.1% (multi-year low), showing 690bps improvement. Management highlighted healthy addressable prospects pipeline of ~₹17.8 trillion for FY27. SPA signed for divestment of Nabha Power and Hyderabad Metro (expected closure Q1 FY27). Total Group EBITDA margin slightly declined to 10.2% from 10.4% due to cost overruns in legacy Energy projects.

Likely market impact

L&T delivered sustained growth with strong order book visibility and improving capital efficiency. The margin pressure in Energy segment and broader EBITDA softness are concerns, but the robust order pipeline and Lakshya 2031 targets provide multi-year growth visibility.