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Larsen & Toubro Revenue History — Quarter by Quarter

Larsen & Toubro's revenue moved from ₹47,882 Cr in Q1 FY24 to ₹82,762 Cr in Q4 FY26, a 72.8% change over 12 quarters. The table keeps each quarter linked back to the underlying earnings page.

Revenue by Quarter

QuarterRevenue (₹ Cr)YoY Change
Q4 FY26₹82,762 Cr+11%
Q3 FY26₹71,450 Cr+10%
Q2 FY26₹67,984 Cr+10%
Q1 FY26₹63,679 Cr+16%
Q3 FY25₹64,668 Cr+17%
Q2 FY25₹61,555 Cr+21%
Q4 FY25₹74,392 Cr+15%
Q1 FY25₹55,120 Cr+15%
Q4 FY24₹67,079 Cr+15%
Q3 FY24₹55,128 Cr+19%
Q2 FY24₹51,024 Cr+19%
Q1 FY24₹47,882 Cr+34%

What management said about revenue

G

Q4 FY26 · FY27 order inflow growth 10%-12%

Group order inflows expected to grow 10%-12% in FY27, supported by a prospects pipeline of INR 17.8 trillion.

G

Q4 FY26 · FY27 revenue growth 10%-12%

Revenue growth guided at 10%-12% for FY27, with softer H1 due to supply chain disruptions and recovery in H2.

G

Q4 FY26 · Lakshya 2031: 12%-15% revenue CAGR, 16%-17% ROE

Over five years, L&T targets order inflow CAGR of 10%-12%, revenue CAGR of 12%-15%, and ROE of 16%-17%.

G

Q3 FY26 · FY26 revenue growth guidance of 15% retained

Management is confident of achieving 15% full-year revenue growth, with Q4 execution ramp-up expected.

G

Q3 FY26 · Revised net working capital to sales target of ~10% for FY26

Improved to 8.2% in Dec 2025; revised target from 12% to ~10% by March 2026.

G

Q3 FY26 · Order inflow guidance to be exceeded

9M order inflow growth of 30% YoY; management expects to exceed the 10% full-year guidance.

G

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.

G

Q2 FY26 · FY26 revenue growth guidance maintained at 15%

Group revenue growth guidance of 15% for FY26 is maintained, with stronger H2 execution expected.

G

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.

G

Q1 FY26 · Group order inflows growth of 10% for FY26

Management expects group order inflows to grow 10% year-on-year for the full fiscal year.

G

Q1 FY26 · Group revenue growth of 15% for FY26

Group revenues are expected to grow 15% year-on-year for FY26.

G

Q1 FY26 · Net working capital to revenue guidance of 12% for March 2026

Net working capital to revenue ratio is expected to be 12% as of March 2026.