Integrated Filing — IndAS



General information about company

Scrip Code 500510
NSE Symbol LT
MSEI Symbol NOTLISTED
ISIN INE018A01030
Name of company LARSEN & TOUBRO LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 28-07-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 14-07-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 28-07-2026   14:00:00
End date and time of board meeting 28-07-2026   16:45:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 36,02,407.00 36,02,407.00
Other income 4,09,441.00 4,09,441.00
Total income 40,11,848.00 40,11,848.00
2 Expenses
(a) Cost of materials consumed 5,72,924.00 5,72,924.00
(b) Purchases of stock-in-trade 41,330.00 41,330.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (56,550.00) (56,550.00)
(d) Employee benefit expense 3,25,721.00 3,25,721.00
(e) Finance costs 35,237.00 35,237.00
(f) Depreciation, depletion and amortisation expense 47,659.00 47,659.00
(f) Other Expenses
1 Construction materials consumed 8,97,367.00 8,97,367.00
2 Stores, spares and loose tools consumed 75,131.00 75,131.00
3 Sub-contracting charges 9,70,658.00 9,70,658.00
4 Other manufacturing, construction and operating expenses 4,34,958.00 4,34,958.00
5 Sales, administration and other expenses 1,49,408.00 1,49,408.00
Total other expenses 25,27,522.00 25,27,522.00
Total expenses 34,93,843.00 34,93,843.00
3 Total profit before exceptional items and tax 5,18,005.00 5,18,005.00
4 Exceptional items 0.00 0.00
5 Total profit before tax 5,18,005.00 5,18,005.00
6 Tax expense
7 Current tax 68,478.00 68,478.00
8 Deferred tax 4,001.00 4,001.00
9 Total tax expenses 72,479.00 72,479.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 4,45,526.00 4,45,526.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 4,45,526.00 4,45,526.00
17 Other comprehensive income net of taxes 19,032.00 19,032.00
18 Total Comprehensive Income for the period 4,64,558.00 4,64,558.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 27,515.00 27,515.00
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 32.39 32.39
Diluted earnings (loss) per share from continuing operations 32.37 32.37
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 32.39 32.39
Diluted earnings (loss) per share from continuing and discontinued operations 32.37 32.37
24 Debt equity ratio 0.2300 0.2300
25 Debt service coverage ratio 15.700 15.700
26 Interest service coverage ratio 15.700 15.700
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) (i) During the quarter, the Company has allotted 96,988 equity shares of 2 each fully paid-up, on exercise of stock options by employees in accordance with the Company's stock option schemes. (ii) The Board of Directors of the Company at its meeting held on December 08, 2025 approved a Scheme of Arrangement amongst the Company, L&T Realty Properties Limited (LTRPL), a wholly owned subsidiary of the Company and their respective shareholders and creditors pursuant to Sections 230 to 232 and other applicable provisions of the Companies Act, 2013, for transfer and vesting of the Company's Realty Undertaking to LTRPL, on a going concern basis by way of slump sale with appointed date of April 01, 2026 or such other date as may be mutually agreed. The Scheme is subject to approval of the Hon’ble National Company Law Tribunal (“NCLT”), Mumbai bench and such other regulatory and other approvals as may be required. Pending receipt of requisite approvals, the financial results of the said undertaking continue to be included in the results of the Company. (iii) The Company signed a Share Purchase Agreement on April 29, 2026, with Hyderabad Metro Rail Limited, a Government of Telangana Enterprise, to divest its entire equity stake in its subsidiary L&T Metro Rail (Hyderabad) Limited [“LTMRHL”]. The conditions precedent to the closure are expected to be completed by September 30, 2026. Pursuant to this, the investment in LTMRHL is continued to be classified as “Held for Sale”. (iv) Figures for the quarter ended March 31, 2026 represent the difference between audited figures for the financial year ended March 31, 2026 and the limited reviewed figures for the nine months period ended December 31, 2025.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2026 01-04-2026
Date of end of reporting period 30-06-2026 30-06-2026
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Infrastructure & Utilities 19,12,259.00 19,12,259.00
2 Energy - Conventional 8,56,631.00 8,56,631.00
3 Energy - Green 3,91,050.00 3,91,050.00
4 Manufacturing & Products 4,07,927.00 4,07,927.00
5 Others 53,923.00 53,923.00
6 Less : Inter-segment margins on capital jobs 0.00 0.00
7 Less : Inter-segment assets 0.00 0.00
8 Less : Inter-segment liabilities 0.00 0.00
Total Segment Revenue 36,21,790.00 36,21,790.00
Less: Inter segment revenue 19,383.00 19,383.00
Revenue from operations 36,02,407.00 36,02,407.00
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Infrastructure & Utilities 63,448.00 63,448.00
2 Energy - Conventional 45,798.00 45,798.00
3 Energy - Green 20,355.00 20,355.00
4 Manufacturing & Products 52,605.00 52,605.00
5 Others 18,953.00 18,953.00
6 Less : Inter-segment margins on capital jobs (886.00) (886.00)
7 Less : Inter-segment assets 0.00 0.00
8 Less : Inter-segment liabilities 0.00 0.00
Total Profit before tax 2,00,273.00 2,00,273.00
i. Finance cost 35,237.00 35,237.00
ii. Other Unallocable Expenditure net off Unallocable income (3,52,969.00) (3,52,969.00)
Profit before tax 5,18,005.00 5,18,005.00
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Infrastructure & Utilities 82,82,601.00 82,82,601.00
2 Energy - Conventional 23,09,567.00 23,09,567.00
3 Energy - Green 8,92,564.00 8,92,564.00
4 Manufacturing & Products 20,10,822.00 20,10,822.00
5 Others 7,84,582.00 7,84,582.00
6 Less : Inter-segment margins on capital jobs 0.00 0.00
7 Less : Inter-segment assets (71,643.00) (71,643.00)
8 Less : Inter-segment liabilities 0.00 0.00
Total Segment Asset 1,42,08,493.00 1,42,08,493.00
Un-allocable Assets 73,91,603.00 73,91,603.00
Net Segment Asset 2,16,00,096.00 2,16,00,096.00
4 Segment Liabilities
Segment Liabilities
1 Infrastructure & Utilities 61,48,754.00 61,48,754.00
2 Energy - Conventional 28,72,106.00 28,72,106.00
3 Energy - Green 11,35,621.00 11,35,621.00
4 Manufacturing & Products 14,67,166.00 14,67,166.00
5 Others 3,78,676.00 3,78,676.00
6 Less : Inter-segment margins on capital jobs 0.00 0.00
7 Less : Inter-segment assets 0.00 0.00
8 Less : Inter-segment liabilities (71,643.00) (71,643.00)
Total Segment Liabilities 1,19,30,680.00 1,19,30,680.00
Un-allocable Liabilities 22,73,916.00 22,73,916.00
Net Segment Liabilities 1,42,04,596.00 1,42,04,596.00
Disclosure of notes on segments Textual Information(2)



Text Block

Textual Information(2) (I) The Company has reported segment information as per Ind AS 108 Operating Segments. The identification of operating segments is consistent with performance assessment and resource allocation by the chief operating decision making body. (II) Effective from April 01, 2026, pursuant to the Lakshya 2031 strategic plan, the Company has realigned its portfolio to enhance strategic focus, capital allocation efficiency and operational agility. As a result, the reporting segments are now classified as: The erstwhile Infrastructure Projects has been renamed as Infrastructure & Utilities. Erstwhile Energy Projects has been renamed as Energy – Conventional. The renewables business and offshore wind energy business have been carved out from the erstwhile Infrastructure Projects and erstwhile Energy Projects respectively, and are now part of newly formed Energy – Green segment. Erstwhile Hi-Tech Manufacturing has been renamed as Manufacturing and Products, and now includes construction equipment & industrial product design & development business which was earlier part of Others segment. Accordingly, the Company has presented its segment results based on the revised reportable segment structure and regrouped the previous periods to make it comparable with the current period. (III) The revised Segment composition is as follows: Infrastructure & Utilities segment comprises engineering and construction of (a) buildings infrastructure- (i) residential, commercial buildings & factories and (ii) public spaces, airports & health, (b) transportation infrastructure, (c) heavy civil infrastructure, (d) power transmission & distribution, (e) water & effluent treatment and (f) metals and minerals. Energy – Conventional segment comprises of (a) Hydrocarbon Onshore and Offshore businesses covering EPC solutions in oil & gas, refineries, petrochemicals, from front-end design through detailed engineering, modular fabrication, procurement, project management, construction, installation and commissioning, (b) Carbonlite Solutions business covering BTG scope for power generation plants including associated systems and/or carbon capture utilisation & utility packages. Energy – Green segment comprises engineering and construction of renewables – solar, onshore & offshore wind projects. Manufacturing & Products segment comprises design, manufacture/construct, supply and revamp/retrofit of (a) custom designed, engineered critical equipment & systems to the process plant, nuclear energy and green hydrogen sectors, (b) marine and land platforms including related equipment & systems and aerospace products & systems, (c) design, development and manufacture of advanced electronic systems and solutions for defence, aerospace, industrial and energy applications, (d) construction equipment & industrial product design development comprising of (i) marketing and servicing of construction equipment, mining machinery and parts thereof, (ii) manufacture and sale of rubber processing machinery. Others segment includes (a) realty, (b) smart infrastructure & communication projects, and (c) e-commerce/digital platforms & data centers. (IV) Unallocable corporate income includes majorly interest income, dividends and investment related gains. Unallocable expenditure includes majorly corporate expenses not allocated to segments. Unallocable corporate assets comprise majorly investments. Unallocable corporate liabilities comprise majorly borrowings. (V) In respect of segments of the Company, revenue and margin do not accrue uniformly during the year. (VI) Figures for the quarter ended March 31, 2026 represent the difference between audited figures for the financial year ended March 31, 2026 and the limited reviewed figures for the nine months period ended December 31, 2025. (VII) Figures for the previous periods have been regrouped/reclassified to conform to the classification of the current period.



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Gain/(loss) on remeasurement of the defined benefits plan 8,256.00 8,256.00
Total Amount of items that will not be reclassified to profit and loss 8,256.00
2 Income tax relating to items that will not be reclassified to profit or loss 2,078.00 2,078.00
3 Amount of items that will be reclassified to profit and loss
1 Debt instruments through Other comprehensive income 26,340.00 26,340.00
2 Exchange differences in translating the financial statements of foreign operations 127.00 127.00
3 Effective portion of gains/(losses) on hedging instruments in a cash flow hedge (7,488.00) (7,488.00)
4 Cost of hedging reserve (5,607.00) (5,607.00)
Total Amount of items that will be reclassified to profit and loss 13,372.00
4 Income tax relating to items that will be reclassified to profit or loss 518.00 518.00
5 Total Other comprehensive income 19,032.00 19,032.00





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Unaudited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 MSKA & Associates LLP Yes 31-07-2027