L&T Q4 Results FY26: Revenue Rs 83830 Crore Up 13 Percent, Dividend Rs 38 Per Share

L&T Q4 results FY26 delivered a consolidated net profit of Rs 5,326 crore for the quarter ended March 31, 2026, down 3.12 percent year on year from Rs 5,497 crore in Q4 FY25. The L&T Q4 results were shaped by strong revenue execution of Rs 83,830 crore, up 12.7 percent year on year, offset by margin pressure in Core E&C operations and higher subsidiary costs related to project site disruptions in the Middle East amid the Iran-UAE conflict.

The L&T Q4 results cap a full fiscal year FY26 where the infrastructure and engineering conglomerate recorded its highest-ever annual PAT of Rs 16,084 crore and total income crossing Rs 2.8 lakh crore. The L&T Q4 results board also recommended a final dividend of Rs 38 per share with a face value of Rs 2 each for FY26, with a record date of May 22, 2026, marking a significant increase from Rs 34 per share declared in FY25.

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Larsen and Toubro Q4 FY26 Results at a Glance

Metric	Q4 FY26	Change / Context
Q4 Net Profit PAT (Consolidated)	Rs 5,326 crore	-3.12% YoY vs Rs 5,497 crore
Q4 Revenue from Operations	Rs 83,830 crore	+12.7% YoY
Q4 EBITDA	Rs 8,913 crore	+8.6% YoY
Core E&C EBITDA Margin	Approximately 9.6%	-30 bps YoY
FY26 Annual PAT	Rs 16,084 crore	Highest ever
FY26 Total Income	Approx Rs 2.8 lakh crore	Record annual revenue
Final Dividend FY26	Rs 38 per share	Record date May 22, 2026
Order Book	Rs 5.6 lakh crore plus	Strong multi-year visibility

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Key Highlights from L&T Q4 results

Revenue of Rs 83830 Crore Confirms Double Digit Growth in L&T Q4 Results

The L&T Q4 results revenue of Rs 83,830 crore reflects strong project execution across the Infrastructure Projects, Energy Projects, and Hi-Tech Manufacturing segments. Year on year growth of 12.7 percent in L&T Q4 results was driven by acceleration of order conversion from the company’s massive Rs 5.6 lakh crore-plus order book. The infrastructure segment benefited from Central Government capex ramp-up under PM GatiShakti, with the Roads and Hydrocarbon project portfolios contributing meaningfully to L&T Q4 results revenue.

FY26 Record PAT of Rs 16084 Crore Embedded in L&T Q4 Results Commentary

While the quarterly L&T Q4 results PAT declined 3.12 percent, the full-year FY26 net profit of Rs 16,084 crore is a record for the company and reflects scale benefits from the increasingly diversified business portfolio. Technology Services subsidiaries including L&T Technology Services, L&T Finance, and Mindtree contributed incremental profitability in FY26. The L&T Q4 results management commentary highlighted healthy cash conversion and strengthening receivables position entering FY27.

Dividend of Rs 38 Per Share Announced Alongside L&T Q4 Results

The L&T Q4 results board recommended a final dividend of Rs 38 per equity share, up from Rs 34 per share in FY25, signalling management confidence in FY27 free cash flow generation. This is the highest ever final dividend declared by the company and reflects L&T’s strong balance sheet position as highlighted in L&T Q4 results disclosures.

What Drove Larsen and Toubro Q4 FY26 Performance

The L&T Q4 results performance was driven by strong execution momentum in Infrastructure Projects and Energy Projects, which together account for the bulk of consolidated revenue. Order inflows remained healthy across Power Transmission, Water, and Transportation segments. The Q4 revenue surge to Rs 83,830 crore benefited from project milestones achieved in Q4, which is traditionally the highest execution quarter for L&T. Offsetting this in L&T Q4 results PAT were elevated site costs in the Middle East, where the Iran-UAE conflict created logistics disruptions, and higher overhead absorption in Q4 related to subsidiary-level project completion charges.

Dividend and Capital Allocation

The L&T Q4 results board recommended a final dividend of Rs 38 per equity share with face value Rs 2 for FY26. The record date is May 22, 2026, and dividend payment is expected to be made after AGM approval tentatively by June 10, 2026. This represents a 12 percent increase over the FY25 dividend of Rs 34 per share and reflects the company’s commitment to returning capital to shareholders alongside its active capex investment programme.

Outlook for FY27

Following the L&T Q4 results, FY27 guidance from management points to double-digit revenue growth driven by the strong order backlog and improving execution conditions post the Iran-UAE conflict stabilisation. The company’s order inflow pipeline remains strong, particularly in Power Transmission, Green Hydrogen, and Smart Infrastructure segments. Technology Services subsidiaries are expected to contribute higher incremental PAT in FY27 as well. The L&T Q4 results form a solid FY26 base for what management expects to be an accelerated FY27 earnings year.

Conclusion

The L&T Q4 results FY26 confirm steady top-line growth of 12.7 percent to Rs 83,830 crore, a record FY26 PAT of Rs 16,084 crore, and a landmark dividend of Rs 38 per share. While Q4 net profit saw a 3.12 percent year on year dip on account of elevated site costs and Middle East project disruptions, the underlying execution momentum in L&T Q4 results is strong. With a Rs 5.6 lakh crore-plus order book and improving macro conditions in infrastructure, FY27 is positioned to deliver earnings growth. Track live L&T Q4 results data on the Univest Screener.

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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Consult a SEBI-registered financial advisor before making investment decisions.

Frequently Asked Questions

What was the L&T Q4 results FY26 net profit?

L&T Q4 results FY26 reported consolidated PAT of Rs 5,326 crore, down 3.12 percent year on year. FY26 full-year PAT was Rs 16,084 crore, the highest ever annual profit in company history. The L&T Q4 results were accompanied by a final dividend of Rs 38 per share.

What was the L&T Q4 results FY26 revenue?

L&T Q4 results FY26 revenue from operations stood at Rs 83,830 crore, up 12.7 percent year on year. This was driven by strong project execution in Infrastructure Projects and Energy Projects segments. FY26 total income crossed Rs 2.8 lakh crore.

What dividend did L&T declare in Q4 results FY26?

The L&T Q4 results board recommended a final dividend of Rs 38 per equity share for FY26, up from Rs 34 in FY25. The record date is May 22, 2026, with payment expected by June 10, 2026 post AGM approval.

What is L&T order book after Q4 results FY26?

L&T Q4 results management commentary confirmed an order book in excess of Rs 5.6 lakh crore, providing strong multi-year revenue visibility. New inflows in Power Transmission, Green Hydrogen, and Smart Infrastructure are expected to replenish the backlog in FY27.

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