L&T Q4 FY26 Preview: Revenue Growth Expected Amidst Flat Profit Projections
L&T Q4 preview: Profit may stay flat despite revenue growth; here's why
Business Standard
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Larsen & Toubro (L&T) anticipates steady revenue growth in Q4 FY26, driven by a robust order book and execution momentum. However, profit growth may remain flat due to margin pressures. The company is set to announce its results on May 5, 2026, with expected net profit of ₹5,501.73 crore.
- 01L&T's revenue for Q4 FY26 is projected to grow by 12.7% year-on-year.
- 02Net profit is expected to rise marginally to ₹5,501.73 crore.
- 03Profitability growth may be muted due to margin pressures and project disruptions.
- 04Key growth opportunities are identified in the Middle East, contributing significantly to the order book.
- 05Brokerages are closely monitoring execution in overseas markets and domestic order inflows.
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Larsen & Toubro (L&T), a leading Indian capital goods company headquartered in Mumbai, is expected to report steady revenue growth for the January-March 2026 quarter (Q4 FY26), driven by a strong order book and healthy execution momentum. Revenue is projected to increase by 12.7% year-on-year to approximately ₹83,830 crore (roughly $10.1 billion USD), supported by robust performance in the Core Engineering and Construction (E&C) segment. However, profitability growth may remain relatively flat, with net profit anticipated at ₹5,501.73 crore (approximately $660 million USD), a slight increase from ₹5,497 crore in the previous year’s quarter. This muted profit growth is attributed to margin pressures and disruptions related to ongoing projects. Brokerages are particularly optimistic about L&T's international opportunities, especially in the Middle East, which constitutes about 37% of the company's order book. Analysts are also monitoring updates on asset monetization initiatives, such as the potential divestment of non-core assets like Hyderabad Metro and Nabha Power, which could bolster the company's balance sheet and future growth prospects. L&T is scheduled to announce its Q4 FY26 results on May 5, 2026.
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The financial performance of L&T could influence investor sentiment and market confidence in the capital goods sector, impacting stakeholders including investors and employees.
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