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L&T Q2 FY27 Net Profit Rises 33% YoY to ₹5,202 Crore, Order Intake Up 28%

Larsen and Toubro (L&T) reported on 27 October that its consolidated net profit for the quarter ended 30 September FY27 increased 33% year‑on‑year to ₹5,202 crore, compared with ₹3,926 crore in the same quarter of FY26‑27. Revenue from operations for the quarter reached ₹78,750 crore, a 16% rise over ₹67,984 crore reported in Q2 FY26. The increase in revenue was attributed to accelerated progress across the Projects, Products & Manufacturing (PPM) portfolio. International revenues for the quarter were ₹45,870 crore, representing 58% of total revenue.

L&T’s earnings before interest, taxes, depreciation and amortisation (EBITDA) for Q2 FY27 rose 1% year‑on‑year to ₹6,845 crore, up from ₹6,807 crore in the same period of FY26. The EBITDA margin contracted to 8.6% from 10.01% YoY. Chairman and Managing Director S. N. Subrahmanyan said the company had delivered a strong quarter in an ever‑changing geopolitical landscape, noting continued customer confidence and the ability to secure large and complex orders across sectors and geographies.

For the quarter ended 30 September, L&T’s order intake increased 28% annually to ₹147,665 crore. The company secured several high‑value orders led by Hydrocarbon—Offshore & Onshore, CarbonLite Solutions, Public Spaces & Airports, and Power Transmission & Distribution businesses. International orders amounted to ₹92,375 crore, contributing 63% to the total order inflow. The Group’s consolidated order book as of 30 September 2026 stood at ₹853,514 crore, a 15% increase over March 2026, with international orders representing 54% of the overall book.

During the first half of FY27, L&T’s net profit rose 24% to ₹9,325 crore from ₹7,543 crore year‑on‑year. Revenue from operations for H1 FY27 reached ₹146,692 crore, up 11% from ₹131,662 crore in H1 FY26. International revenues stood at ₹80,263 crore, accounting for 55% of total H1 revenue. The Group received orders worth ₹255,678 crore, a 22% yearly growth, driven by strong inflows in hydrocarbon‑offshore, offshore wind, minerals & metals, and residential & commercial buildings. International orders were ₹153,077 crore, 60% of the total inflow.

On 27 October, L&T shares closed at ₹3,665.10 on the National Stock Exchange, down 0.4%. The earnings announcement came after market hours. As of that date, the company’s market capitalisation was ₹5.04 lakh crore according to NSE data. The infrastructure conglomerate highlighted that its order book, now the highest ever at ₹8.5 lakh crore, provides multi‑year revenue visibility, reinforcing investor confidence in its long‑term growth trajectory.