Larsen & Toubro Limited — Q3 FY26
L&T reported a strong Q3 FY26 with record order inflows of INR 1,356 billion (+17% YoY), driven by robust domestic and international demand.
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.
Q2 FY26
FY26 order inflow growth to exceed 10% guidance
Management is confident of exceeding the full-year guidance of 10% growth in group order inflows, citing strong H1 momentum and robust prospects pipeline.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1
Q2 FY26
FY26 revenue growth guidance maintained at 15%
Group revenue growth guidance of 15% for FY26 is maintained, with stronger H2 execution expected.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1
Q2 FY26
FY26 P&M EBITDA margin target of 8.5%
Management is reasonably confident of achieving the full-year P&M EBITDA margin target of 8.5%, with H1 margin at 8.4% and H2 execution pickup expected.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1
Q2 FY26
FY26 working capital guidance unchanged at ~12%
Net working capital to revenue ratio is expected to be around 12% by March 2026, unchanged from prior guidance.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1