Larsen & Toubro Profit Rises 33% as Quarterly Orders Reach Record ₹1.48 Trillion

India's Larsen & Toubro reported a 33% year-on-year increase in consolidated net profit for the quarter ended September 30, 2026, as its engineering and infrastructure businesses recorded stronger revenue and a record flow of new orders.

The company reported net profit of approximately ₹5,202 crore, compared with ₹3,926 crore a year earlier. Revenue from operations increased about 16% to ₹78,750 crore from ₹67,984 crore. The results, announced on October 27, cover the second quarter of the company's financial year ending in March 2027.

New orders totalled ₹147,665 crore during the quarter, a rise of 28% from a year earlier. International contracts accounted for ₹92,375 crore, or 63% of new orders, reflecting the company's reliance on work outside India as well as domestic infrastructure spending. Its consolidated order book stood at ₹853,514 crore at the end of September, providing a pipeline of projects that will be executed over several years rather than recognised immediately as revenue.

The company said major contracts were won in offshore and onshore hydrocarbons, carbon-related engineering solutions, public spaces and airports, and power transmission and distribution. International revenue of ₹45,870 crore represented 58% of quarterly revenue. The results illustrate the importance of overseas construction and energy projects to the group's growth.

For the first six months of the financial year, consolidated profit reached about ₹9,325 crore, up 24% year on year, while revenue increased 11% to ₹146,692 crore. Those figures cover a longer period than the latest quarter and should not be confused with the quarterly growth rates.

The profit increase was larger than the revenue increase, but the company still faces execution risks associated with long-duration construction contracts, changing input costs and political uncertainty in its overseas markets. Its reported order book represents contracted work, not cash already received or guaranteed future profit.

The October 27 results offer a snapshot of continued demand for infrastructure and energy projects across India and international markets. Subsequent quarters will show how quickly the order backlog converts into completed work and whether profitability keeps pace with rising revenue.