LARSEN & TOUBRO LTD.

Larsen & Toubro Ltd has re-filed its financial results for the quarter ended June 30, 2026, addressing a potential technical glitch in the machine-readable format. The company's Board of Directors, in a meeting held on July 28, 2026, approved the consolidated and standalone un-audited financial results, reporting revenues of ₹67,942 crore (up 7%) and PAT of ₹4,123 crore (up 14%). Group order inflows stood at ₹108,014 crore, a 14% increase. Additionally, the Board approved a Scheme of Amalgamation for merging its wholly-owned subsidiary, L&T Power Development Limited, with the company, subject to NCLT approval. The company also clarified that certain regulatory disclosures related to utilization of proceeds and security cover are not applicable as no funds were raised or secured debentures issued during the quarter.

Larsen & Toubro Ltd (L&T) held an NCLT-convened meeting of equity shareholders on August 4, 2026, to approve a Scheme of Arrangement with L&T Realty Properties Limited (LTRPL). The meeting, conducted via Video Conferencing/Other Audio-Visual Means as per Tribunal orders, saw shareholders approve the resolution for the transfer of L&T's Realty Undertaking to LTRPL. The resolution was passed with the requisite majority through e-voting. The proceedings included a summary of events, voting results, and the scrutinizer's report, all of which have been filed and uploaded on the company's investor website.

Larsen & Toubro (L&T) through its subsidiary L&T Energy Hydrocarbon Offshore (LTEH Offshore) has won an 'ultra-mega' order from ADNOC Offshore for a significant project in the Middle East. The project involves the development and upgrade of offshore facilities, with LTEH Offshore acting as the lead consortium partner responsible for EPCIC (engineering, procurement, construction, installation, and commissioning). A substantial part of the fabrication will be done at L&T's own yards. This award underscores L&T's strong capabilities in executing complex offshore projects and its role as a partner in the region's energy ambitions.

Larsen & Toubro (L&T) Energy Hydrocarbon Onshore has secured a six-year Engineering, Procurement, and Construction (EPC) Framework Agreement with Petroleum Development Oman (PDO), Oman's primary oil and gas producer. This agreement positions L&T as one of four selected EPC contractors for PDO's future projects, leveraging L&T's integrated engineering, execution capabilities, and global expertise. The partnership aims to support PDO's development plans, contribute to Oman's In-Country Value (ICV) initiatives, and foster local economic growth. L&T Energy Hydrocarbon Onshore is a significant EPC player in the hydrocarbon sector, with a strong history of delivering complex projects globally.

L&T Energy CarbonLite Solutions has received a Limited Notice to Proceed (LNTP) from NTPC Ltd for the main package of the 2x800 MW Lara Stage-III thermal power plant in Chhattisgarh. The project involves constructing two ultra-supercritical generating units. L&T's scope includes EPC for boilers, turbines, generators, and associated works. This ultra-supercritical technology aims for higher efficiency and lower emissions. The plant will add 1,600 MW of baseload capacity to India's grid. This is L&T's third ultra-supercritical project from NTPC in two years, highlighting their expertise in large-scale energy infrastructure projects.

Larsen & Toubro (L&T) Energy Hydrocarbon Onshore business has won a significant engineering, procurement, and construction (EPC) order from Kuwait Oil Company (KOC). The contract is for the development of key Jurassic Light Oil (JLO) export facilities and the upgrade of existing export infrastructure. The project includes constructing six new crude oil storage tanks, each with a capacity of 618,000 barrels, and associated facilities on a Lump Sum Turnkey basis. It also involves installing new pipelines and enhancing Kuwait's crude handling capabilities. This award highlights KOC's confidence in L&T's project execution capabilities in the oil and gas sector.

Larsen & Toubro Limited's Board of Directors has approved a Scheme of Amalgamation to merge its wholly-owned subsidiary, L&T Power Development Limited, with the company. This merger, subject to NCLT approval, aims to streamline operations and consolidate the business structure. The board also approved the consolidated and standalone un-audited financial results for the quarter ended June 30, 2026, reporting revenues of ₹67,942 crore (up 7% YoY) and PAT of ₹4,123 crore (up 14% YoY). Group order inflows reached ₹108,014 crore, a 14% increase YoY.

Larsen & Toubro Limited's Board of Directors met on July 28, 2026, approving the consolidated and standalone unaudited financial results for the quarter ended June 30, 2026. The board also approved a Scheme of Amalgamation for the merger of its wholly-owned subsidiary, L&T Power Development Limited, with the company. This merger is subject to approvals from the National Company Law Tribunal (NCLT). The company stated that it did not raise any funds during the quarter, making certain SEBI reporting requirements inapplicable. The meeting commenced at 2:00 p.m. and concluded at 4:45 p.m.

L&T's Q1 FY27 print was a modest topline quarter carried to a bottom-line beat by non-operating tailwinds. Consolidated revenue rose 6.7% YoY to ₹67,942 Cr — broadly in line with the street's ~₹68,380 Cr expectation and constrained by execution disruption (West Asia, which drives ~half of revenue, and the Water & Effluent business). PAT attributable to owners came in at ₹4,123 Cr, up 14% YoY and comfortably ahead of the ~₹3,835 Cr analysts had penciled in (Business Standard/Zeebiz polls put profit growth near 6%). The beat, however, did not come from operations: EBITDA actually fell 3% to ₹6,116 Cr and EBITDA margin compressed ~90bps to 9.0% (9.9% YoY), while finance costs dropped 31% to ₹539 Cr and lifted the net line. Net margin therefore expanded to 7.34% (6.78% YoY) even as operating profitability weakened. The margin squeeze is visible at the segment level. Infrastructure & Utilities — the largest business — saw revenue slip 3% to ₹21,858 Cr with EBITDA margin down to 5.1% (5.5%), which management attributed to Water & Effluent execution challenges and higher credit provisions on delayed receivables. Manufacturing & Products margin fell to 15.2% (17.5%) on mix. The offsets were Energy–Conventional (+14% to ₹14,239 Cr on Hydrocarbon execution), Technology, Platforms & Services (+15% to ₹14,627 Cr at a 19.2% margin), and Financial Services, where segment PBT jumped to ₹1,236 Cr from ₹943 Cr on a ₹1,29,634 Cr loan book. The order engine stayed strong: group inflows of ₹1,08,014 Cr (+14%), led by an ultra-mega Offshore Wind win, took the consolidated order book to ₹7,78,954 Cr, up 5% over March, with international at 52%. Standalone tells a richer profit story — revenue ₹36,024 Cr (+7.6%) but PAT ₹4,455 Cr (+28%), flattered by ₹4,094 Cr of other income (largely subsidiary dividends); readers comparing the two should note the standalone jump is a dividend artifact, not underlying operating strength, which is why consolidated (+14%) is the truer read. Management gives no formal numeric guidance; its commentary framed the quarter as 'sustaining momentum amid volatility' and flagged West Asia and supply-chain/energy-price risks as the key watchpoints. Alongside results, the Board approved absorbing wholly-owned subsidiary L&T Power Development into the parent, and the quarter completed the Nabha Power sale (June 25) and the signed SPA to exit Hyderabad Metro — continuing the concessions wind-down.

Larsen & Toubro Ltd announced the allotment of 1,36,908 equity shares to employees who exercised their options under the company's Employee Stock Option Schemes. The Nomination & Remuneration Committee (NRC) of the Board approved this allotment. These new shares will have the same rights as existing equity shares. The NRC meeting took place between 12:30 p.m. and 1:15 p.m. today.