Larsen & Toubro Ltd (OTCPK:LTOUF)

Q3 2026 Larsen and Toubro Ltd Earnings Call Transcript

Jan 28, 2026 / 02:00 PM GMT

Release Date Price: $44

Transcript

Key Points

Positve

Larsen & Toubro Ltd (LTOUF) reported its highest ever quarterly order inflows in Q3 FY26, with a 17% year-on-year growth, indicating strong demand across both domestic and international markets.
The company's group revenues grew by 10% year-on-year, driven by steady progress across most business segments.
Larsen & Toubro Ltd (LTOUF) achieved a significant improvement in its net working capital to revenue ratio, which improved to 8.2%, reflecting better customer collections.
The company's recurring PAT increased by 31% year-on-year, showcasing improved activity levels and operational efficiencies.
Larsen & Toubro Ltd (LTOUF) has been recognized as the only Indian corporate among the TOP200 environmental firms globally, highlighting its commitment to sustainability.

Negative

The reported PAT for Q3 FY26 was down by 4% year-on-year due to a one-time impact from new labor code legislation.
The energy segment's margin declined due to cost overruns in some domestic and international hydrocarbon projects.
The domestic infrastructure segment saw subdued progress, particularly in the water and effluent treatment projects, affecting overall growth.
The heavy engineering business experienced a moderation in order inflows due to project deferrals.
The Hyderabad Metro reported a net loss, although it was slightly reduced compared to the previous year.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

LART.NS - Larsen and Toubro Ltd
Q3 2026 Larsen and Toubro Ltd Earnings Call
Jan 28, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Q3 FY26 earnings conference call hosted by Larsson and Tubbro.

As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during this conference call, please signal an operator by pressing and then 0 on your touchstone phone.

I now hand the conference over to Mr. P. Ramakrishnan from Larsan and Tubro.

Thank you and over to you, Mr. Ramakrishnan.

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Unidentified_2 [2]
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