Larsen & Toubro Limited has informed the Exchange regarding Analyst Presentation.- Q4 / FY26.
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L&T reported record order inflow of ₹4,356 bn (22% YoY) with order book growing 28% to ₹7,403 bn, driven by multiple Ultra Mega orders across sectors and geographies. Revenue grew 12% to ₹2,859 bn while recurring PAT improved 18% to ₹172 bn. The company signed SPAs for divestment of Nabha Power and Hyderabad Metro (expected closure Q1 FY27). Return on Equity improved to 16.6% (excl labour code impact) with Net Debt/Equity ratio at multi-year low of 0.35. EBITDA margin for Infrastructure Projects improved to 6.9% (from 6.4%) due to favourable job mix, while Energy Projects margin declined to 6.8% due to cost overruns and close-out costs in legacy projects. The company guided for healthy addressable prospects pipeline of ~₹17.8 trillion for FY27.
Strong execution with record order book provides multi-year revenue visibility. Improved margins and lower leverage indicate healthy balance sheet. Divestment of non-core assets will reduce debt and focus capital allocation on growth engines.