L&T Q2 FY27: PAT +33%, Order Book ₹8.5 Lakh Cr

Larsen & Toubro

reported its Q2 FY27 results on 27 Oct 2026, and the numbers tell an interesting story. 📊 Key Q2 FY27 numbers (consolidated, as reported): ✅ Revenue: ₹78,750 Cr, up ~16% YoY ✅ Net profit: ₹5,202 Cr, up ~33% YoY (vs ₹3,926 Cr) ✅ Order inflow: ₹1,47,665 Cr, up 28% YoY, with ~63% from international markets ✅ Order book: ₹8,53,514 Cr as of 30 Sep 2026, up 15% vs March 2026 ✅ International revenue: ~58% of the total ✅ EBITDA: ₹6,845 Cr, almost flat YoY (+1%); margin ~8.7% vs ~10% a year ago 🔍 What to track from here: • Margin trend: profit grew much faster than EBITDA, so check what drove the gap below the operating line • Execution pace on a record order book (management says it gives multi-year revenue visibility) • Dependence on international orders and the related geopolitical/currency risks • Working capital and cash flow, which matter a lot in a large EPC business 💬 Your view: will order book growth or margin recovery be the bigger driver for L&T over the next few quarters? Share in the comments 👇 📲 For daily market notes, search "Neha Gupta SEBI RA" on Telegram and join the FREE channel. Neha Gupta | SEBI Registered Research Analyst | Reg. No. INH000016542 ⚠️ Disclaimer: This content is for educational purposes only and is not investment advice or a buy/sell recommendation. Investments in the securities market are subject to market risks. Read all related documents carefully before investing.