Larsen & Toubro Limited — Q1 FY26
L&T delivered a strong Q1 FY26 with group revenues of INR 63,700 crore (+16% YoY) and PAT of INR 3,600 crore (+30% YoY), driven by robust execution in hydrocarbons and high-tech...
bullish
high
✓ Verified against BSE filing
Indian management teams deliver on roughly 12% of specific earnings-call promises. A low score does not indicate dishonesty — it reflects how aspirational forward guidance typically is.
Q4 FY25
Order inflow growth of 10% for FY25
Management reaffirmed the 10% order inflow growth guidance despite a 10% drop in the prospects pipeline, citing a 22-23% conversion rate as achievable.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1
Q4 FY25
Revenue growth of 15% for FY25
Group revenue growth guidance of 15% maintained, with domestic execution expected to pick up in H2 after a subdued Q1 due to elections and heat.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1
Q4 FY25
P&M margin target of 8.2-8.25% for FY25
Projects & Manufacturing margin guidance maintained; Q1 margins improved 20 bps to 7.6%, with infrastructure margins up 70 bps.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1