Revenue for the quarter grew 11.3% to ₹82,762 crore from ₹74,392 crore a year ago, driven by execution across segments. However, the topline, along with EBITDA of ₹8,610 crore and margins of 10.4%, came in below estimates, with margins contracting from 11% last year.
The board recommended a final dividend of ₹38 per share for FY26, higher than ₹34 declared last year, subject to shareholder approval. It also approved the appointment of P. Ramakrishnan as Chief Financial Officer, effective July 1, 2026.
A key highlight remained the order book, which surged to an all-time high of ₹7.4 lakh crore as of March-end, up 28% year-on-year, with international orders accounting for 52% of the total.Chairman and Managing Director S N Subrahmanyan said the company closed FY26 on a strong footing, with annual order inflows crossing ₹4 lakh crore. He added that L&T has largely met its Lakshya’26 targets and will now embark on its next strategic roadmap, Lakshya’31, with a focus on AI, digital technologies, green energy, and semiconductors.
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| Metric | Guidance (FY27) |
|---|---|
| Revenue Growth (Topline) | 10–12% |
| Margins | ~8.3% (similar to FY26) |
| Order Inflows | 10–12% growth (on high base) |
| Near-term Outlook | Q1 & Q2 likely to see disruptions due to delayed shipments |
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On the macro outlook, the company highlighted resilience in the Indian economy, supported by public capital expenditure and improving private investments, even as global conditions remain uncertain due to geopolitical tensions.
L&T said it remains focused on execution, cost discipline and capital allocation, leveraging its diversified portfolio and robust order book to sustain growth in a complex global environment.
