Larsen & Toubro (L&T), the engineering and construction giant, has announced a strong start to FY26 with a 30% year-on-year jump in net profit for the June quarter. The company’s performance has exceeded market expectations both in terms of revenue and profit.
Q1FY26 Earnings Highlights:
Strong Profit Growth:
L&T reported a consolidated net profit of ₹3,617 crore in Q1FY26, a significant increase from ₹2,786 crore in Q1FY25. This marks a 30% YoY growth, outperforming market projections.
Revenue on the Rise:
Revenue from operations for the June quarter stood at ₹63,679 crore, up 15.5% compared to ₹55,120 crore a year ago. This too exceeded estimates.
Market Reaction:
Following the results, L&T shares closed nearly 2% higher at ₹3,488 on July 29, reflecting positive investor sentiment.
Brokerage Estimates vs Actuals:
A Moneycontrol poll of six brokerages had estimated a net profit of ₹3,469 crore and revenue of ₹63,451 crore. L&T’s actual results surpassed both figures.
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Analyst View (Neutral):
The company’s strong performance highlights operational efficiency and robust execution. However, brokerages note that headwinds like weak order inflows, margin pressure in key segments, and a cautious project pipeline in the Middle East could pose short-term challenges. Despite these, L&T’s Q1FY26 results signal resilience and better-than-expected growth.
