Larsen & Toubro (L&T) announced a 33% increase in net profit for the second quarter of fiscal year 2027, reaching ₹5,202 crore compared to the previous year. The company’s revenue from operations grew 16% to ₹78,750 crore, driven by accelerated progress in its Projects, Products & Manufacturing (PPM) portfolio. L&T’s order intake also rose 28% to ₹147,665 crore, supported by strong international orders.
- Net profit for Q2 FY27 surged 33% to ₹5,202 crore year-on-year.
- Revenue from operations increased 16% to ₹78,750 crore.
- Order intake grew 28% to ₹147,665 crore, with 63% from international orders.
- Consolidated order book reached ₹853,514 crore, up 15% from March 2026.
- Half-year net profit rose 24% to ₹9,325 crore; revenue grew 11%.
What drove L&T’s revenue growth in Q2 FY27?
L&T’s revenue growth of 16% in the quarter was mainly due to accelerated progress in its Projects, Products & Manufacturing (PPM) portfolio. The company’s international revenues stood at ₹45,870 crore, accounting for 58% of total revenue. This reflects strong performance across various sectors and geographies.
How did L&T’s profitability perform in this quarter?
The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased slightly by 1% to ₹6,845 crore compared to ₹6,807 crore in the same quarter last year. However, the EBITDA margin contracted to 8.6% from 10.01% year-on-year, indicating some pressure on profitability despite higher revenues.
What was the trend in L&T’s order intake and order book?
L&T’s order intake rose 28% year-on-year to ₹147,665 crore in Q2 FY27. The increase was led by high-value orders in Hydrocarbon (Offshore & Onshore), CarbonLite Solutions, Public Spaces & Airports, and Power Transmission & Distribution businesses. International orders contributed ₹92,375 crore, or 63% of total order inflow.
The consolidated order book as of September 30, 2026, stood at ₹853,514 crore, marking a 15% growth over March 2026. International orders made up 54% of the total order book, providing multi-year revenue visibility.
How did L&T perform in the first half of FY27?
For the half-year ended September 30, 2026, L&T’s net profit increased 24% to ₹9,325 crore from ₹7,543 crore in the previous year. Revenue from operations grew 11% to ₹1,46,692 crore. International revenues contributed 55% of total half-year revenues, amounting to ₹80,263 crore.
Order inflows for the half-year reached ₹255,678 crore, a 22% increase year-on-year. Strong growth was seen in hydrocarbon (offshore), offshore wind, minerals & metals, and residential & commercial buildings sectors. International orders accounted for 60% of the total order inflow during this period.
What did L&T’s leadership say about the results?
S. N. Subrahmanyan, Chairman and Managing Director of L&T, stated, "The company has delivered a strong quarter in an ever-changing geopolitical landscape. This performance reflects continued customer confidence and our ability to secure large and complex orders across sectors and geographies." He added, "We achieved yet another record quarterly order inflow. Focused execution across our Projects, Products & Manufacturing businesses supported higher revenue growth. The highest ever order book at ₹8.5 lakh crore provides multi-year revenue visibility."
What was the market reaction to L&T’s Q2 FY27 results?
On the day of the announcement, L&T shares closed at ₹3,665.10 on the National Stock Exchange, down 0.4%. The earnings report was released after market hours. As of October 27, 2026, L&T’s market capitalisation stood at ₹5.04 lakh crore.
