Infrastructure major Larsen & Toubro (L&T) reported a 4 per cent YoY profit decline in the December quarter of FY26. The company posted a consolidated profit of Rs 3,215 crore in Q3 FY26, compared to a profit of Rs 3,359 crore in Q3 FY25.
While L&T saw a profit decline in the quarter, its revenue from operations grew by 10 per cent on a yearly basis during the same period. The infrastructure company’s revenue grew to Rs 71,450 crore in Q3 FY26. Its consolidated revenue during was corresponding quarter of the previous fiscal year was Rs 64,668 crore.
Larsen & Toubro EBITDA grows
A key reason for the company’s profit decline in the quarter is additional employee expenses resulting from new labour codes. The company said that it incurred a one-time material provision of Rs 1,191 crore towards employee benefits due to the implementation of the new labour codes. The company’s total expenses in Q3 were Rs 5,427 crore higher than the expenses in the corresponding December quarter of last year, a growth of 9 per cent.
L&T’s consolidated EBITDA stood at Rs 7,417 crore in Q3 FY26, growing 19 per cent YoY. The company’s EBITDA margin also improved to 10.4 per cent during the December quarter from 9.7 per cent in Q3 FY25.
L&T Q3 orderbook soars
Larsen & Toubro secured orders worth Rs 1,35,581 crore during Q3 FY26, reflecting a 17 per cent. The quarter’s order inflow spanned multiple geographies and diverse sectors, including thermal power, hydrocarbons, renewable infrastructure, transmission & distribution, and roads & runways. The company’s international order book stood at Rs 66,848 crore, accounting for 49 per cent of total order inflows.
L&T’s consolidated order book as on the December 2025 quarter stood at Rs 733,161 crore, a 30 per cent growth over the December 2024 quarter.
S N Subrahmanyan, Chairman and Managing Director of L&T, said that for the first time, the quarterly order inflow in the company’s Projects & Manufacturing (P&M) portfolio has exceeded the Rs 1 lakh crore mark – a clear reflection of our capabilities and the inherent strength of our business model.
“Consequently, the order book of the Company has surpassed the ₹ 7 lakh crore mark. This growth is driven by our unwavering commitment to provide sustainable execution, leveraging cutting-edge technology and seamlessly integrating ESG principles into our business framework.”, Subrahmanyan added.