Results India
L&T reported a 33% surge in consolidated profit after tax to ₹5,202 crore in Q2 FY27, driven by a ₹1.47 trillion order inflow, highlighting robust demand for its infrastructure projects.
L&T, India's largest infrastructure firm, announced a 33% rise in consolidated profit after tax (PAT) to ₹5,202 crore for Q2 FY27 (September 2026), compared to ₹3,926 crore in the same period last year. Revenue grew 16% to ₹78,750 crore, fueled by progress in its Projects, Products & Manufacturing (PPM) portfolio. The company secured ₹147,665 crore in orders during the quarter, a 28% increase from the prior year, with its consolidated order book reaching ₹853,514 crore at the end of September 2026, up 15% from March 2026. International orders accounted for 54% of the order book.
The Infrastructure & Utilities segment saw a 13% year-on-year decline in orders to ₹35,509 crore, while Conventional Energy orders surged 100% to ₹78,413 crore. Green Energy orders fell 45% to ₹6,558 crore, impacting stakeholders reliant on solar projects. The Infrastructure & Utilities segment’s Ebitda margin dropped to 5.7% from 6.2%, reflecting cost pressures and sales mix changes. L&T also highlighted inflation risks from food price volatility and energy costs in its global economic outlook.
The order book growth and international exposure strengthen L&T’s competitive positioning in global infrastructure markets. However, the decline in Green Energy orders and margin compression in Infrastructure & Utilities pose operational challenges. The company’s focus on AI-driven infrastructure and energy transition projects may drive long-term growth. Investors benefit from the record order inflow, which supports long-term revenue visibility, while competitors face pressure from L&T’s expanded international presence.
The Green Energy segment’s 45% year-on-year order decline risks revenue stability in solar projects. Inflationary pressures from food price volatility and energy costs could further impact project margins. Meanwhile, the 100% growth in Conventional Energy orders, driven by Hydrocarbon and Carbon Lite Solutions, presents expansion potential. L&T’s ₹8.53 trillion order book provides multi-year revenue visibility, aligning with global infrastructure investment trends.
L&T’s Q2 results underscore strong profit growth and order inflow, reinforcing its market position. However, the impact of inflation and sector-specific declines in Green Energy remains uncertain.
Topics: Infrastructure, Green Energy, Conventional Energy, Ebitda Margin, International Orders, PPM Portfolio, Revenue Growth, Infrastructure Projects
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Source: Business Standard
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