L&T Share Price in Focus; Revenues Up 10% in Q3FY26 Results

Larsen & Toubro Limited reported strong consolidated and standalone unaudited financial results for the quarter ended December 31, 2025. 

The quarter marked another milestone as the consolidated order book crossed the ₹7 lakh crore level, highlighting robust demand visibility.

Robust Order Inflows Across Geographies

During Q3FY26, L&T secured fresh orders worth ₹135,581 crore, registering a year-on-year growth of 17%. 

Order wins were spread across key infrastructure and industrial segments such as Thermal Power, Hydrocarbons, Renewable Infrastructure, Transmission & Distribution, and Roads & Runways. International markets remained a key growth driver, with overseas orders amounting to ₹66,848 crore, contributing 49% of the total quarterly inflow.

For the nine months ended December 31, 2025, consolidated order inflows stood at ₹345,818 crore, reflecting a strong 30% year-on-year growth. International orders during this period totaled ₹191,084 crore, accounting for 55% of total inflows, underscoring L&T’s expanding global footprint.

Order Book Strengthens Further

As of December 31, 2025, L&T’s consolidated order book stood at ₹733,161 crore, marking a 30% increase over December 2024. International projects accounted for 49% of the total order book. The healthy mix of domestic and overseas projects across sectors such as metro, tunnels, renewables, metals, hydrocarbons, and power provides long-term revenue visibility.

Revenue Growth Driven by Execution Momentum

Consolidated revenues for the quarter rose 10% year-on-year to ₹71,450 crore, driven by steady execution across multiple businesses within the P&M portfolio. International revenues contributed ₹38,775 crore, representing 54% of total revenues.

For the nine-month period ended December 31, 2025, consolidated revenues increased 12% year-on-year to ₹203,112 crore. International revenues during this period stood at ₹109,991 crore, again forming 54% of total revenues, highlighting the company’s balanced revenue mix.

Profitability and Exceptional Items

L&T reported a recurring profit after tax of ₹4,406 crore for Q3FY26, registering a strong 31% year-on-year growth. Total consolidated PAT for the quarter stood at ₹3,215 crore after accounting for a one-time exceptional provision of ₹1,191 crore related to employee benefits arising from the implementation of new labour codes.

For the nine months ended December 31, 2025, recurring PAT rose 25% year-on-year to ₹11,949 crore, reflecting sustained operational efficiency.

Outlook and Growth Strategy

The company remains optimistic about the macroeconomic environment. India’s resilient growth, easing inflation, lower repo rates, and expected higher government spending on infrastructure, technology, and defence are likely to support investment momentum. 

Globally, opportunities in the GCC region, driven by investments in AI infrastructure, data centres, and urban development, remain strong. L&T’s focus on geographic expansion, execution excellence, cost discipline, and strengthening services businesses positions it well for future growth.

L&T Share Price Performance

On January 29, 2026, L&T share price opened at ₹3,860.00, up from its previous close of ₹3,794.00. At 9:58 AM, the share price of L&T was trading at ₹3,880.30, up by 2.27% on the NSE.

Also Read: Larsen & Toubro Board Greenlights Transfer of Real Estate Business to L&T Realty Properties!

Conclusion

Larsen & Toubro’s Q3FY26 performance reflects strong execution capabilities, diversified sector exposure, and growing international presence. With a robust order book, healthy revenue growth, and improving profitability, the company is well placed to capitalise on emerging domestic and global infrastructure opportunities.

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