Larsen & Toubro Ltd (STU:LTO)

Q1 2026 Larsen and Toubro Ltd Earnings Call Transcript

Jul 29, 2025 / 02:00 PM GMT

Release Date Price: €34.4 (+2.69%)

Transcript

Key Points

Positve

Larsen & Toubro Ltd (LTOUF) reported a strong start to the fiscal year with a 33% year-on-year growth in group order inflows for Q1.
The company's order book reached INR6.13 trillion, marking a substantial 25% growth compared to the previous year.
The group revenues for the quarter increased by 16% year-on-year, driven by strong execution momentum in several business segments.
Larsen & Toubro Ltd (LTOUF) achieved a significant milestone by becoming the first Indian corporate to issue an ESG bond under the CEE's newly introduced ESG and sustainability-linked bond framework.
The company's net working capital to revenue ratio improved significantly, reflecting strong customer collections and efficient treasury management.

Negative

The EBITDA margin for the group declined slightly to 9.9% from 10.2% in the previous year, primarily due to a change in the revenue mix.
The infrastructure segment's margin remained soft due to higher cost pressures in some projects, particularly in the water segment.
The energy segment's EBITDA margin decreased to 7.3% from 8.7% in the previous year, impacted by competitive margins in international hydrocarbon projects.
The Hyderabad Metro posted a loss of INR2.08 billion in Q1, although slightly improved from the previous year's loss.
There are ongoing challenges with labor availability and churn, impacting project execution and increasing retraining costs.

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

LART.NS - Larsen and Toubro Ltd
Q1 2026 Larsen and Toubro Ltd Earnings Call
Jul 29, 2025 / 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 Laston and Toro Limited Q1 F5 26 results conference call. 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 the conference call, please signal an operator by pressing then 0 on your touchstone phone. I now hand the conference over to Mr. P. Ramakrishnan from Larsenro.

Thank you and over to you, Mr. P. Ramakrishnan.

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Unidentified_2 [2]
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