L&T Q2 profit jumps 33%, order inflows hit record high; margins ease on higher costs

Larsen & Toubro (L&T) reported a 32.5% year-on-year jump in consolidated net profit for the September quarter, beating CNBC-TV18 poll estimates, as strong revenue growth and a record order inflow bolstered its performance. However, operating margins came under pressure amid higher costs and an unfavourable revenue mix.

Net profit rose to ₹5,202 crore in Q2 FY27 from ₹3,926 crore a year earlier, comfortably ahead of the poll estimate of ₹4,200 crore. Revenue from operations increased 16% year-on-year to ₹78,750 crore, surpassing the estimate of ₹71,880 crore.