Larsen & Toubro Limited has delivered a landmark performance in Q3 FY26, setting new records across key financial metrics and reinforcing its position as India's leading engineering and construction conglomerate. The company announced its financial results for the quarter ended December 31, 2025, showcasing exceptional growth momentum across all business segments.

Record-Breaking Order Inflow Performance

The company achieved its highest-ever quarterly order inflow, marking a significant milestone in its growth trajectory. This exceptional performance was driven by strong demand across multiple sectors and geographies.

The quarter's order inflow spanned multiple geographies and diverse sectors including Thermal Power, Hydrocarbons, Renewable Infrastructure, Transmission & Distribution, and Roads & Runways. International orders contributed significantly at ₹66,848 crore, representing 49% of the total order inflow.

Strong Revenue Growth and Profitability

Larsen & Toubro demonstrated robust execution capabilities with steady revenue growth and improved profitability metrics across its Projects & Manufacturing portfolio.

The company reported consolidated revenues of ₹71,450 crore for Q3 FY26, reflecting a 10% year-on-year growth driven by steady execution progress across various businesses. International revenues constituted 54% of total revenues at ₹38,775 crore, highlighting the company's strong global presence.

Nine-Month Performance Highlights

For the nine months ended December 31, 2025, Larsen & Toubro maintained its strong performance trajectory with consistent growth across all key parameters.

The nine-month performance was driven by several high-value order wins across Public Spaces, Commercial Buildings, Roads & Runways, Metro, Hydel & Tunnel, Transmission & Distribution, Renewables, Ferrous & Non-Ferrous Metals, Thermal BTG, and Hydrocarbon businesses.

Segment-Wise Business Performance

The company's diversified business portfolio delivered strong results across all major segments, with Infrastructure Projects and Energy Projects leading the growth momentum.

Infrastructure Projects Segment

Energy Projects Segment

IT & Technology Services Segment

Leadership Commentary and Future Outlook

Commenting on the results, S N Subrahmanyam, Chairman and Managing Director, highlighted the company's achievement in crossing the ₹1 lakh crore quarterly order inflow mark in the Projects & Manufacturing portfolio for the first time. He emphasized the company's commitment to sustainable execution, leveraging cutting-edge technology and integrating ESG principles into the business framework.

The management remains optimistic about maintaining pro-growth momentum through sustained capital expenditure, expecting additional policy thrust to strengthen domestic manufacturing and fiscal incentives to support India's digital and AI ecosystem deepening. The company is well-positioned to capitalize on emerging opportunities through its strategy of expanding geographical footprint, driving efficient execution, and strengthening services businesses.

Financial Services and Other Segments

The Financial Services segment reported strong growth with income from operations of ₹4,477 crore, reflecting 15% year-on-year growth. The total loan book stood at ₹114,285 crore as of December 31, 2025, showing 20% growth compared to ₹95,120 crore in December 2024.

The "Others" segment, comprising Realty, Industrial Valves, Construction Equipment & Mining Machinery, and Rubber Processing Machinery, delivered exceptional performance with customer revenues of ₹2,594 crore, registering 55% year-on-year growth primarily driven by higher handover of residential units in the Realty business.

Larsen & Toubro Ltd. recorded a notable block trade on the National Stock Exchange (NSE), highlighting significant institutional trading activity in the engineering and construction major's shares.

Block Trade Details

The transaction involved substantial volume and value, indicating major institutional participation in the stock.

Market Significance

Block trades typically represent large institutional transactions executed outside the regular market to minimize price impact. Such transactions often involve mutual funds, insurance companies, foreign institutional investors, or other large market participants looking to buy or sell substantial quantities of shares.

The execution price of Rs. 3,808.00 per share reflects the market valuation at the time of the transaction. The substantial volume of 62,744 shares indicates significant institutional interest in Larsen & Toubro's stock, whether from buyers seeking to build positions or sellers looking to reduce holdings.

Transaction Overview

This block trade represents a meaningful transaction in Larsen & Toubro's stock, with the Rs. 23.89 crore value demonstrating the scale of institutional activity. Such transactions are typically pre-negotiated between parties and executed through special trading sessions to ensure efficient price discovery while managing market impact.