Larsen & Toubro profit rises 33% to 5,202.10 crore rupees in second quarter
Key Facts
Net profit attributable to Larsen & Toubro owners rose to 5,202.10 crore rupees in the quarter ended September 30, 2026, from 3,926.09 crore rupees a year earlier, according to the company’s consolidated financial results. The results were announced on October 27, the day the company held its second-quarter and first-half fiscal 2027 earnings call. Profit growth reflected year-on-year improvement alongside higher revenue and order inflows. Operating revenue reached 78,749.94 crore rupees, compared with 67,983.53 crore rupees in the corresponding period. Quarterly profit was also above the first-quarter level of 4,122.85 crore rupees.
The company recorded order inflows of 147,665 crore rupees in the second quarter of fiscal 2027, up 28% year on year, according to Business Standard. International orders amounted to 92,375 crore rupees, or 63% of total inflows, highlighting the weight of business outside India in new orders. The consolidated order book reached 8,53,514 crore rupees on September 30, up 15% from the end of March 2026. International orders accounted for 54% of the outstanding order book. The accumulated work provides a basis for future revenue visibility, while the pace at which it converts into executed projects remains an important performance indicator.
The chairman and managing director said the order book, the highest in the company’s history at about 8.5 trillion rupees, "provides multi-year revenue visibility." That visibility matters as international business accounts for a growing share of inflows and the order book, with new orders reflecting opportunities across multiple markets. But project execution determines when that work flows through to revenue and profit. Challenges cited in the context of infrastructure performance include execution pressures, input costs and logistics. The results therefore put order growth alongside scrutiny of margins and the company’s ability to meet execution schedules.
For the half year, profit attributable to the company’s owners was 9,324.95 crore rupees in the six months ended September 30, 2026, compared with 7,543.28 crore rupees in the corresponding period a year earlier. That places the quarterly results within a broader growth trajectory in the first half of fiscal 2027. Second-quarter profit also exceeding the first-quarter level points to sequential improvement, as well as a positive year-on-year comparison. Revenue and order data complement the profit figures, showing growth in current activity and an expansion in contracted work. Execution quality and margins remain among the factors that will determine how much of this activity translates into profit.
In the market, company information showed Larsen & Toubro shares closed 0.40% lower at 3,665.10 rupees on the NSE on October 27, before the results were announced after trading hours. That move does not represent the market’s response to the results, as Wednesday’s session move was not verified in the available information. The available data therefore do not support a roughly 6% gain cited in an earlier draft, nor do they establish that earnings exceeded analyst estimates. What could be documented was growth in profit, revenue and orders, as well as an increase in the order book. Assessing investor reaction to the results requires data from the following trading session.
The company held its second-quarter and first-half fiscal 2027 earnings call on October 27, 2026, at 19:30 India time, scheduled to last about an hour. The call took place on the same day the results were announced, after the market closed, according to company information. The call details provide a timeline for management’s discussion of the results, while the record order book and international orders were the key activity indicators in the published figures. Project execution, cost control and margins will remain central to assessing the company’s ability to convert that volume of work into financial performance. The share price move after the announcement cannot be determined from the closing price recorded the previous day.