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Larsen & Toubro Ltd.

InfrastructureEngineering - Construction

www.larsentoubro.com BSE: 500510NSE: LT

₹3,620.40BSE1.00%

23 Oct, 10:43 AM

₹3,620.40

₹4.95L Cr

29.86

4.35

18.59%

₹3,663.75

₹3,597.80

₹4,440.00

₹3,288.65

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Price Performance

Peer Comparison

Name
Larsen & Toubro Ltd. LT	3,620.40	29.86	4,95,322.20	1.06	4,988.03	15.51%	67,941.74	6.69%	15.98
RVNL RVNL	181.15	43.32	37,770.14	0.38	159.52	18.73%	4,321.23	10.55%	10.81
KPIL KPIL	1,257.40	19.57	21,472.94	0.84	311.53	45.85%	6,407.97	3.84%	18.95
CEMPRO CEMPRO	1,074.30	34.72	19,812.56	0.26	140.83	2.62%	2,720.92	5.61%	33.53
IRB INFRA IRB	16.24	21.25	19,614.67	1.55	306.27	51.26%	2,137.27	1.82%	7.72
ENGINRS.(I) ENGINERSIN	238.25	18.03	13,390.66	1.99	157.94	141.49%	819.84	-5.80%	30.94
TECHNOE TECHNOE	813.40	23.44	9,459.81	0.81	93.33	-31.44%	630.34	19.84%	14.86
IRCON IRCON	96.50	18.01	9,075.98	1.90	92.03	-43.92%	1,955.83	9.49%	10.15

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	55,119.82	61,554.58	64,667.78	74,392.28	63,678.92	67,983.53	71,449.70	82,762.16	67,941.74
Expenses	48,074.00	53,637.53	56,769.62	64,516.34	55,654.91	59,470.29	62,259.49	72,343.14	59,792.60
	7,045.82	7,917.05	7,898.16	9,875.94	8,024.01	8,513.24	9,190.21	10,419.02	8,149.14
	12.78%	12.86%	12.21%	13.28%	12.60%	12.52%	12.86%	12.59%	11.99%
	920.64	1,101.27	967.87	1,609.83	1,356.78	1,384.28	97.28	1,647.24	2,376.73
Interest	2,291.89	2,439.39	2,486.00	2,419.33	2,487.96	2,469.64	2,398.53	2,488.03	2,571.33
	997.92	1,023.84	1,047.00	1,052.42	1,033.30	1,091.77	1,071.74	1,167.95	1,032.28
	4,681.22	5,541.12	5,305.98	8,036.40	5,852.13	6,327.03	5,812.64	8,225.81	6,927.44
	26.41%	26.03%	25.10%	23.40%	26.21%	26.06%	34.20%	25.44%	28.00%
	2,785.72	3,395.29	3,358.84	5,497.26	3,617.19	3,926.09	3,215.11	5,325.60	4,122.85
	20.26	24.69	24.43	39.97	26.30	28.54	23.37	38.71	29.97

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
	1,56,521.23	1,83,340.70	2,21,112.91	2,55,734.45	2,85,874.36
	1,56,521.23	1,83,340.70	2,21,112.91	2,55,734.45	2,85,874.36
EXPENDITURE :
Increase/Decrease in Stock	-2,076.60	-3,156.64	1,021.07	-410.79	-1,963.12
Raw Material Consumed	51,676.55	63,285.32	75,319.99	92,583.60	97,682.71
Power & Fuel Cost	2,267.26	2,823.61	2,745.19	2,534.42	2,505.98
Employee Cost	29,695.79	37,214.11	41,171.02	46,768.68	52,187.22
Other Manufacturing Expenses	33,185.12	36,979.07	48,142.38	55,801.86	68,726.90
General and Administration Expenses	11,169.53	13,803.74	16,634.80	17,917.38	22,016.62
Selling and Distribution Expenses	299.29	435.97	468.49	541.40	564.21
Miscellaneous Expenses	10,377.94	8,061.21	8,261.38	11,524.56	11,018.01
	1,36,594.88	1,59,446.39	1,93,764.32	2,27,261.11	2,52,738.53
Operating Profit (Excl OI)	19,926.35	23,894.31	27,348.59	28,473.34	33,135.83
	6,971.79	6,331.04	6,579.16	9,032.71	9,565.46
	26,898.14	30,225.35	33,927.75	37,506.05	42,701.29
Interest	9,552.15	9,750.06	9,821.92	10,280.86	10,638.29
PBDT	17,345.99	20,475.29	24,105.83	27,225.19	32,063.00
	2,947.95	3,502.25	3,682.33	4,121.18	4,364.75
Profit Before Taxation & Exceptional Items	14,398.04	16,973.04	20,423.50	23,104.01	27,698.25
Exceptional Income / Expenses	96.93	135.99	93.61	474.78	-1,722.44
	14,494.97	17,109.03	20,517.11	23,578.79	25,975.81
Provision for Tax	4,203.92	4,484.16	4,947.39	5,891.40	6,816.41
	10,291.05	12,624.87	15,569.72	17,687.39	19,159.40
Extra items	0.00	0.00	0.00	0.00	0.00
Minority Interest	-1,749.91	-2,059.90	-2,487.99	-2,636.22	-2,869.89
Share of Associate	128.19	-94.25	-22.62	-14.06	-205.52
Consolidated Net Profit	8,669.33	10,470.72	13,059.11	15,037.11	16,083.99
Profit Balance B/F	60,955.94	67,139.90	74,519.94	79,489.69	89,974.25
Appropriations	69,625.27	77,610.62	87,579.05	94,526.80	1,06,058.24
Equity Dividend %	1,100.00%	1,200.00%	1,700.00%	1,700.00%	1,900.00%
	61.70	74.50	95.00	109.34	116.92
Adjusted EPS	61.70	74.50	95.00	109.34	116.92

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	281.01	281.10	274.93	275.04	275.13
Share Warrants & Outstandings	371.65	467.09	550.54	499.36	342.18
Total Reserves	81,755.00	88,577.76	85,533.77	96,881.20	1,08,672.49
Reserve excluding Revaluation Reserve	81,755.00	88,577.76	85,533.77	96,881.20	1,08,672.49
	82,407.66	89,325.95	86,359.24	97,655.60	1,09,289.80
Minority Interest	12,966.07	14,241.27	16,190.42	17,748.08	19,240.66
Secured Loans	44,602.91	49,204.00	42,472.94	47,255.22	53,514.83
Unsecured Loans	17,015.40	12,013.68	14,034.03	10,248.12	10,223.76
Deferred Tax Assets / Liabilities	-1,800.77	-3,354.36	-3,330.09	-3,382.87	-4,085.65
Other Long Term Liabilities	1,777.52	2,001.00	2,448.87	3,112.16	4,783.73
Long Term Provisions	817.77	869.99	987.38	1,124.01	832.48
Total Non-Current Liabilities	62,412.83	60,734.31	56,613.13	58,356.64	65,269.15
Trade Payables	51,365.62	49,784.12	53,292.88	52,459.34	69,455.63
Other Current Liabilities	72,852.59	76,498.62	90,005.95	1,06,379.38	1,21,166.82
Short Term Borrowings	30,476.96	30,896.32	27,834.27	35,861.30	34,778.53
Short Term Provisions	4,665.68	4,886.93	5,976.36	7,270.88	8,130.49
Total Current Liabilities	1,59,360.85	1,62,065.99	1,77,109.46	2,01,970.90	2,33,531.47
Total Liabilities	3,17,227.14	3,26,367.52	3,36,272.25	3,75,731.22	4,48,297.12
Gross Block	52,795.04	55,602.50	60,100.92	66,337.59	55,394.74
Less: Accumulated Depreciation	13,526.95	16,029.58	19,072.03	22,745.97	24,452.15
Less: Impairment of Assets	286.06	292.14	256.44	1,194.80	1,196.02
Net Block	38,982.03	39,280.78	40,772.45	42,396.82	29,746.57
Capital Work in Progress	1,170.32	2,949.09	2,897.04	2,390.86	3,036.25
Non Current Investments	9,595.60	9,224.89	10,690.19	11,444.65	8,851.93
Long Term Investment	9,595.60	9,224.89	10,690.19	11,444.65	8,851.93
Long Term Loans & Advances	53,497.14	47,723.56	59,520.54	70,923.51	83,147.09
Other Non Current Assets	1,736.76	1,508.18	1,464.09	1,377.22	3,808.92
Total Non-Current Assets	1,09,024.06	1,04,163.20	1,17,683.65	1,30,389.51	1,29,985.80
Currents Investments	29,799.58	35,573.42	34,957.63	43,360.62	59,524.86
Inventories	5,943.32	6,828.78	6,620.19	7,670.55	9,530.93
Sundry Debtors	46,139.32	44,731.53	48,770.95	53,713.68	60,461.26
Cash and Bank	18,953.17	22,519.60	15,358.39	22,965.34	20,847.67
Other Current Assets	1,211.34	820.45	577.89	975.64	2,862.49
Short Term Loans and Advances	1,05,325.57	1,10,741.74	1,11,298.19	1,16,498.44	1,39,613.92
Total Current Assets	2,07,372.30	2,21,215.52	2,17,583.24	2,45,184.27	2,92,841.13
Net Current Assets (Including Current Investments)	48,011.45	59,149.53	40,473.78	43,213.37	59,309.66
Total Assets	3,17,227.14	3,26,367.52	3,36,272.25	3,75,731.22	4,48,297.12
Contingent Liabilities	19,756.96	17,510.65	18,987.85	20,567.59	28,921.93
Total Debt	1,23,468.23	1,18,513.38	1,14,039.77	1,29,559.34	1,21,683.02
	583.87	632.22	624.22	706.49	791.97
Adjusted Book Value	583.87	632.22	624.22	706.49	791.97

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	14,398.04	16,973.04	20,423.50	23,104.01	27,698.25
Adjustment	4,548.35	5,551.94	4,507.91	6,877.09	5,531.48
Changes In working Capital	4,756.63	5,379.14	-1,385.08	-15,228.65	-10,457.59
Cash Flow after changes in Working Capital	23,703.02	27,904.12	23,546.33	14,752.45	22,772.14
Cash Flow from Operating Activities	19,163.58	22,776.96	18,266.28	9,151.35	16,740.97
Cash Flow from Investing Activities	-3,667.68	-8,311.70	2,163.04	-15,508.15	-11,738.84
Cash Flow from Financing Activitie	-15,181.48	-11,572.49	-25,413.36	6,556.62	-2,156.43
Net Cash Inflow / Outflow	314.42	2,892.77	-4,984.04	199.82	2,845.70
Opening Cash & Cash Equivalents	13,373.52	13,770.24	16,926.69	11,958.50	12,187.00
Effect of Foreign Exchange Fluctuations	82.30	263.68	15.85	28.68	358.54
Closing Cash & Cash Equivalent	13,770.24	16,926.69	11,958.50	12,187.00	15,391.24

Ratios

Valuation

29.86

4.35

13.85

1.71

120.57

828.05

Profitability

18.59

15.98

4.65

11.59

6.70

Leverage & Liquidity

1.12

1.25

3.44

Returns

1.06

0.69

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26	Sep '26
	61.98	62.39	62.66	62.75	63.05	63.07	63.29	62.35	62.39	62.33
	38.01	37.61	37.35	37.25	36.95	36.93	36.71	37.65	37.60	37.67
	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00
No. of Shareholders	17,36,844	16,89,155	16,75,146	17,06,264	16,81,491	16,71,006	16,30,031	18,01,254	17,95,249	18,12,577

Mutual Funds Invested(610)

Based on each fund's latest monthly portfolio · Sep 2026

A total of 445 active funds hold 12.31% in Larsen & Toubro Ltd., contributing to ₹63.70K Cr of holdings

Fund				As of
SB SBI Nifty 50 ETFIndex	8,535.87	4.20	2,27,01,787	Sep '26
SB SBI BSE Sensex ETFIndex	5,900.95	5.11	1,57,14,504	Sep '26
HD HDFC Flexi Cap Fund - Growth - Direct PlanFlexi Cap Fund	3,338.13	3.08	88,78,007	Sep '26
UT UTI Nifty 50 ETFIndex	2,927.35	4.20	77,85,499	Sep '26
IP ICICI Prudential Large Cap Fund - Growth - Direct PlanLarge Cap Fund	2,914.59	3.82	77,51,556	Sep '26
SB SBI Large Cap Fund - Growth - Direct PlanLarge Cap Fund	2,782.40	5.31	74,00,000	Sep '26
UT UTI BSE Sensex ETFIndex	2,780.59	5.11	74,04,848	Sep '26
NI Nippon India ETF Nifty 50 BeESIndex	2,740.27	4.20	72,87,963	Sep '26
HD HDFC Balanced Advantage Fund - Growth - Direct PlanHybrid - Balanced Advantage	2,586.54	2.52	68,79,083	Sep '26
SB SBI Aggressive Hybrid Fund - Growth - Direct PlanHybrid - Aggressive Hybrid Fund	1,937.53	2.25	51,53,000	Sep '26

Corporate Actions

Showing: All

Date	Type	Details	Ex-Date	Record Date
2026-10-13	Board Meeting	Quarterly Results
2026-07-14	Board Meeting	Quarterly Results
2026-05-05	Ex Dividend	Rs.38.0000 per share(1900%)Final Dividend	2026-05-22	2026-05-22

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

InfrastructureEngineering - Construction

Larsen & Toubro Ltd. operates in the Infrastructure sector under the Engineering - Construction industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

19 members across the board and senior leadership

Subramanian Narayan

Company Secretary & Compliance Officer

—

SN Subrahmanyan

Chairman & Managing Director

₹104.12 Cr

Mar '26

Subramanian Sarma

Deputy Managing Director

₹55.73 Cr

Mar '26

R Shankar Raman

Whole Time Director & Chief Financial Officer

₹54.03 Cr

Mar '26

S V Desai

Whole Time Director & Sr. Executive Vice President (Civil Infrastructure)

₹35.37 Cr

Mar '26

T Madhava Das

Whole Time Director & Sr. Executive Vice President (Utilities)

₹34.96 Cr

Mar '26

Anil V Parab

Whole Time Director & Sr. Executive Vice President (Heavy Engineering & Manufacturing)

₹25.20 Cr

Mar '26

Sanjeev Aga

Non Executive Independent Director

₹75.50 L

Mar '25

Narayanan Kumar

Non Executive Independent Director

₹68.80 L

Mar '25

Preetha Reddy

Non Executive Independent Director

₹68.00 L

Mar '26

Pramit Jhaveri

Non Executive Independent Director

₹81.00 L

Mar '26

Rajnish Kumar

Non Executive Independent Director

₹90.00 L

Mar '26

Jyoti Sagar

Non Executive Independent Director

₹58.00 L

Mar '26

Ajay Tyagi

Non Executive Independent Director

₹65.00 L

Mar '26

PR Ramesh

Non Executive Independent Director

₹1.03 Cr

Mar '26

Siddhartha Mohanty

Nominee Director - LIC

₹48.00 L

Mar '26

Amitabh Kant

Non Executive Independent Director

₹30.00 L

Mar '26

B Santhanam

Non Executive Independent Director

₹24.00 L

Mar '26

Vijay Sankar

Independent Director

—

LT Latest News

News

10 of 10 articles

EQUITY23 Oct 2026 · 09:32

L&T trades higher on the BSE

The company’s Heavy Engineering vertical has dispatched 8th steam generator for India's civil nuclear power programme

COMPANY22 Oct 2026 · 15:58

L&T’s Heavy Engineering vertical dispatches 8th steam generator for India's civil nuclear power programme

This comes three months ahead of the contractual delivery schedule

EQUITY22 Oct 2026 · 14:39

L&T trades higher as its business vertical bags orders in New Delhi, Andhra Pradesh

The first order pertains to the construction of Govt of India’s Common Central Secretariat buildings 4 and 5 along Kartavya Path in New Delhi

COMPANY21 Oct 2026 · 14:42

L&T’s business vertical bags orders in New Delhi, Andhra Pradesh

The first order pertains to the construction of Govt of India’s Common Central Secretariat buildings 4 and 5 along Kartavya Path in New Delhi

EQUITY21 Oct 2026 · 10:05

Larsen & Toubro informs about press release

EQUITY19 Oct 2026 · 11:13

Larsen & Toubro informs about press release

EQUITY15 Oct 2026 · 10:53

L&T rises on signing MoU with TuTr Hyperloop

The MoU is to explore opportunities in the development and deployment of next-generation mobility technologies and infrastructure in India

COMPANY14 Oct 2026 · 18:08

L&T signs MoU with TuTr Hyperloop

The MoU is to explore opportunities in the development and deployment of next-generation mobility technologies and infrastructure in India

COMPANY7 Oct 2026 · 11:12

L&T’s business vertical secures LNTP for 1,600 MW thermal power plant in Jharkhand

The project is classified under the Major order category which valued between Rs 5,000 crore to Rs 10,000 crore

EQUITY5 Oct 2026 · 11:21

L&T gains as its PT&D business vertical bags Mega orders in India, abroad

In Saudi Arabia, PT&D has won orders in the 380 kV transmission and substation segments

₹3,620.40

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