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& TOUBRO LIMITEDMain BoardEquity2026-04-012027-03-312026-10-272026-10-13INRCroresQuarterlySecond quarterMulti segment2026-10-2714:00:002026-10-2716:45:00trueCash Flow IndirectDeclaration of unmodified opinion2026-07-012026-09-30UnauditedConsolidated787499400000230626000008105620000002998875000003604100000-8244000001424558000004729400000103691000002739299000007341514000007641060000007641060000020629700000-33706000001725910000005915150000000034000000059491500000-3119400000563721000005202100000074705000004878170000075904000002751800000237.8137.80037.8137.80.01020.14370.1437(i) During the quarter, the Company has allotted 1,65,811 equity shares of Rs. 2 each fully paid-up, on exercise of stock options by employees in accordance with the Company's stock option schemes. <br /> <br /> (ii) The Company entered into a Share Purchase Agreement on April 29, 2026, with Hyderabad Metro Rail Limited, a Government of Telangana Enterprise for the divestment of its entire equity stake in its subsidiary, L&T Metro Rail (Hyderabad) Limited [“LTMRHL”]. The divestment process is underway and the estimated completion date for the transaction has been revised to December 31, 2026. Pursuant to this, the Assets & the Liabilities of the LTMRHL continues to be classified as “Held for Sale” as at September 30, 2026. <br /> <br /> (iii) The Company reports its consolidated financial results on a quarterly basis. The standalone financial results are available on the Company's website viz. www.larsentoubro.com and on the websites of BSE (www.bseindia.com) and NSE (www.nseindia.com). The specified items of the standalone financial results of the Company for the quarter and six months ended September 30, 2026 are given below: <br /> Rs. Crore <br /> Particulars Quarter ended <br /> September 30, June 30, September 30, <br /> 2026 2026 2025 <br /> [Reviewed] [Reviewed] [Reviewed] <br /> ....................................................................................................................................... <br /> a) Revenue from operations 43583.58 36024.07 35115.74 <br /> b) Profit before exceptional items and tax 3999.61 5180.05 2431.23 <br /> c) Profit/(Loss) before tax (after exceptional items) 3999.61 5180.05 -2981.77 <br /> d) Net profit/(loss) after tax (after exceptional items) 3370.12 4455.26 -3591.17 <br /> <br /> ...................................................................................................................................... <br /> <br /> ..................................................................................................................................... <br /> Rs. Crore <br /> Particulars Six months ended Year ended <br /> September 30, September 30, March 31, <br /> 2026 2025 2026 <br /> [Reviewed] [Reviewed] [Audited] <br /> .................................................................................................................................... <br /> a) Revenue from operations 79607.65 68586.47 153680.17 <br /> b) Profit before exceptional items and tax 9179.66 6471.32 16262.95 <br /> c) Profit/(Loss) before tax (after exceptional items) 9179.66 1058.32 9141.22 <br /> d) Net profit/(loss) after tax (after exceptional items) 7825.38 -105.87 6287.13 <br /> <br /> (iv) Figures for the previous periods have been regrouped/reclassified to conform to the classification of the current periods. <br /> <br /> (v) The above consolidated financial results of the Parent Company including its Subsidiaries, Associates & Joint Ventures have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards (Ind AS) as prescribed under section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and the other accounting principles generally accepted in India. These results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on October 27, 2026. The same have also been subjected to Limited Review by the Statutory Auditor.2026-04-012026-09-30UnauditedConsolidated14669168000004682990000015137467000005094822000007871000000-1873770000028289010000010116100000206919000005557999000001368113500000145633200000014563320000039441500000-27883000003665320000001089800000000003918000001093718000005258700000114630500000932495000001612230000096185300000184452000002751800000267.7867.760067.7867.760.01020.12370.128Sub-contracting charges129636000000Other manufacturing, construction and operating expenses90425200000Sales, administration and other expenses34180100000Finance cost of financial services business and finance lease activity19688600000Sub-contracting charges250920400000Other manufacturing, construction and operating expenses190177800000Sales, administration and other expenses74686500000Finance cost of financial services business and finance lease activity400152000002037557000003527350000070673000008485850000016375600000401020000021318900000562064000000840352200000537280000009502866000004324900000077056200000144325150000011551800000075000980000057718960000014620390000078133900000485851200000791628000002116551200000010085446000003240613800000163407800000484727310000027518000001127536700000113028850000020226550000013325540000006993469000000004846730000074781420000088408000001727800000053390000075891670000066292360000020208500000693033400000713241900000120207400000149637290000010094012000005474420000038134700000259865300000015714940000035147191000004847273100000Notes to the Consolidated statement of cash flows: <br /> <br /> i. Statement of Cash Flows has been prepared under the indirect method as set out in the Indian Accounting Standard (Ind AS) 7 “Statement of Cash Flows” as specified in the Companies (Indian Accounting Standards) Rules, 2015. <br /> <br /> ii. Property, plant and equipment, Investment property and Intangible assets are adjusted for movement of (a) Capital work-in-progress for Property, plant and equipment, (b) Investment property under construction and (c) Intangible assets under development during the period.Other financial assets53728000000Current tax assets (net)44280200000Other non-current assets32776000000Other financial assets79162800000Other current assets1008544600000Other non-current financial liabilities48467300000Other non-current liabilities533900000Other current financial liabilities120207400000Other current liabilities1009401200000Infrastructure & Utilities255542300000Energy - Conventional172893900000Energy - Green114939300000Manufacturing & Products46389200000Technology, Platforms & Services149387600000Financial Services53073200000Realty3930200000Development Projects0Add: Exceptional items (net of tax)0Less: Inter-segment assets0Less: Inter-segment liabilities0Less: Inter-segment margins on capital jobs0Infrastructure & Utilities476977600000Energy - Conventional318029800000Energy - Green171010200000Manufacturing & Products90192700000Technology, Platforms & Services296587000000Financial Services103490100000Realty15264200000Development Projects10736900000Add: Exceptional items (net of tax)0Less: Inter-segment assets0Less: Inter-segment liabilities0Less: Inter-segment margins on capital jobs079615570000014822885000008656300000153717000007874994000001466916800000Infrastructure & Utilities11443000000Energy - Conventional11577600000Energy - Green6687000000Manufacturing & Products6101600000Technology, Platforms & Services24425100000Financial Services13188500000Realty966300000Development Projects-156600000Add: Exceptional items (net of tax)0Less: Inter-segment assets0Less: Inter-segment liabilities0Less: Inter-segment margins on capital jobs-213500000Infrastructure & Utilities19487100000Energy - Conventional21755600000Energy - Green9902900000Manufacturing & Products11524600000Technology, Platforms & Services47962900000Financial Services25551100000Realty4435300000Development Projects1088000000Add: Exceptional items (net of tax)0Less: Inter-segment assets0Less: Inter-segment liabilities0Less: Inter-segment margins on capital jobs-39310000074019000000141314400000472940000010116100000-7121000000-1443490000076410600000145633200000Infrastructure & Utilities944554900000Energy - Conventional407928500000Energy - Green321727200000Manufacturing & Products240403600000Technology, Platforms & Services591191600000Financial Services1557950600000Realty155033400000Development Projects171428100000Add: Exceptional items (net of tax)0Less: Inter-segment assets-37679000000Less: Inter-segment liabilities0Less: Inter-segment margins on capital jobs043525389000004947342000004847273100000Infrastructure & Utilities704838300000Energy - Conventional451092300000Energy - Green340935900000Manufacturing & Products163648100000Technology, Platforms & Services171360200000Financial Services1284727700000Realty83750400000Development Projects20239700000Add: Exceptional items (net of tax)0Less: Inter-segment assets0Less: Inter-segment liabilities-37679000000Less: Inter-segment margins on capital jobs031829136000003318055000003514719100000Notes: <br /> <br /> (i) The Group 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. <br /> <br /> (ii) Effective from April 01, 2026, pursuant to the Lakshya 2031 strategic plan and the reorganisation structure, the Group has realigned its portfolio to enhance strategic focus, capital allocation efficiency and operational agility. As a result, the reporting segments are now classified as: <br /> 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. Erstwhile IT & Technology Services has been renamed as Technology, Platforms & Services. Realty business has been classified as a separate reportable segment which was earlier forming part of Others segment. <br /> Accordingly, the Group has presented its segment results based on the revised reportable segment structure and regrouped the previous periods to make it comparable with the current periods. <br /> <br /> (iii) The revised Segment composition is as follows: <br /> 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 & minerals. Energy – Conventional segment comprises of (a) Hydrocarbon Onshore and Offshore businesses covering EPC solutions and revamp/retrofit projects, 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 and supply of (a) custom designed, engineered critical equipment & systems to the fertilizer, refinery, oil & gas, petrochemical, 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) electrolysers and (e) construction equipment & industrial product design development comprising of (i) manufacture and sale of industrial valves, (ii) marketing and servicing of construction equipment, mining machinery and parts thereof, (iii) manufacture and sale of components of construction equipment and (iv) manufacture and sale of rubber processing machinery. Technology, Platforms & Services segment comprises (a) information technology and integrated engineering services (including smart infrastructure & communication projects), (b) e-commerce/digital platforms, cloud services & data centers and (c) semiconductor chip design. Financial Services segment primarily comprises retail finance. Realty segment comprises real estate development for commercial and residential projects. Development Projects segment comprises (a) development, operation and maintenance of Hyderabad metro rail, including transit-oriented development, (b) power generation & development – (i) thermal power generation (upto the date of divestment) and (ii) green energy. <br /> <br /> (iv) Segment revenue comprises sales and operational income accuring specifically to a segment and includes, in the case of Development Projects and Realty segment, profits on sale of business undertaking/stake in the subsidiary and/or joint venture companies in those segments. Segment result represents profit before interest and tax. Unallocable corporate income includes majorly interest income, dividends and investment related gains/losses. Unallocable expenditure includes majorly corporate expenses not allocated to segments. <br /> Unallocable corporate assets comprise majorly investments. Investment in joint ventures and associates identified with a particular segment are reported as part of the segment assets of those respective segments. Unallocable corporate liabilities comprise majorly borrowings. In respect of (a) Financial Services segment and (b) Development Projects segment relating to a thermal power generation asset given on finance lease(upto the date of divestment), segment liabilities include borrowings as finance costs on the borrowings are accounted as segment expense. <br /> <br /> (v) In respect of some segments of the Group, revenue and margin do not accrue uniformly during the year. <br /> <br /> (vi) Figures for the previous periods have been regrouped/reclassified to conform to the classification of the current periods.8673000000-8585700000-77613900000000-158586900000001767872000000002069190000002353060000000070900000027061000002089710000034250000000-161626000000-16120000000-554301000009020310000000032697800000057505300000432399000008053000000101469000001368200000000000129070000025630600000000000000000019605000004174900000003053900000180139000000-33462800000-126006700000069899000004050000000000293813700000146495900000454410000052277700000137740000000-829380000061478800000-7022600000-685900000-7708500000153912400000146203900000Remeasurements of the net defined benefit plans-1727100000Share in other comprehensive income of joint ventures/associates (net)800000-1726300000Remeasurements of the net defined benefit plans-432000000Share in other comprehensive income of joint ventures/associates (net)1600000-430400000-446000000-116700000Debt instruments through Other comprehensive income-4574200000Exchange differences in translating the financial statements of foreign operations887300000Effective portion of gains/(losses) on hedging instruments in a cash flow hedge3266900000Cost of hedging reserve-1828500000Share in Other comprehensive income of joint ventures/associates (net)159600000-2088900000Debt instruments through Other comprehensive income-1440900000Exchange differences in translating the financial statements of foreign operations529500000Effective portion of gains/(losses) on hedging instruments in a cash flow hedge11269400000Cost of hedging reserve-2641600000Share in Other comprehensive income of joint ventures/associates (net)-440000007672400000-2498000002100000000-31194000005258700000UnauditedtrueM S K A & Associates LLPtrue2027-07-31