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L&T’s Order Book Surpasses Rs6 Trillion as Q1 FY26 Profit Soars 30%

Larsen & Toubro (L&T) has achieved a major milestone in Q1 FY26, with its order book crossing Rs6.12 trillion, driven by strong execution in India and rising opportunities in the Middle East. The company received Rs19,450 crore worth of new orders, over half from international markets. L&T now eyes a Rs15 trillion opportunity pipeline, up from Rs12 trillion last quarter, with nearly 75% of it coming from overseas. Historically, the company converts about 25% of its pipeline into confirmed orders.

L&T posted a 30% year-on-year rise in consolidated net profit to Rs13,617 crore, and revenue grew by 16% to Rs163,679 crore, with international business contributing 52%—a notable jump from 48% last year. However, EBITDA margins shrank slightly to 9.9%, down 30 basis points.

The energy projects segment led revenue growth, surging nearly 50% to Rs12,470 crore, while the infrastructure segment—L&T’s largest—rose 7% to Rs128,757 crore. A massive offshore hydrocarbon order worth over Rs15,000 crore marked one of L&T’s largest wins, adding to its high-margin portfolio.

Despite subdued domestic industrial capex due to global uncertainty, demand remains strong in sectors like data centers and hospitals. L&T remains focused on capability-building, particularly in IT services, while avoiding layoffs amid evolving market needs.