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.

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ByPradeep Sangatramani

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Pradeep Sangatramani, founder and CEO of NiftyTrader, is an IIM Calcutta alumnus with a background in engineering. Passionate about the stock market from early on, he spent years studying its dynamics and working in roles focused on market analysis, trading tools, and financial data. Realising the challenges traders face in accessing user-friendly tools, he built NiftyTrader to offer data-driven, easy-to-use solutions. Committed to transparency and education, Pradeep actively shares insights through articles and webinars, aiming to empower traders at all levels.