L&T Results Analysis-Q1FY26

Operating Revenue for Q1FY26 is Rs. 63,679 Crs., 15.5% growth YoY (Strong execution momentum in Energy (47% yoy) and Hi-Tech Manufacturing (75% yoy) businesses drives revenue growth), Total Income is Rs. 65,040 Crs., 16% growth YoY, EBITDA is Rs. 6,318 Crs., 12.5% growth YoY, EBITDA Margin is 9.92% declining by 27 Basis points YoY (primarily reflective of change in revenue mix), PBT Rs. 5,860 Crs., 25.3% growth YoY, PAT Rs. 4,326 Crs. 25.7% growth YoY (reflective of improved activity levels and efficient treasury management). On QoQ basis Op. Revenue is down by 14.4%, Total Income is down by 13.9%, EBITDA is down by 23%, PBT is down by 26.9% and PAT is also down by 29.5%. Order Inflow for the Q1FY26 is Rs. 945 Bn. 33% Growth YoY (driven by Infrastructure and CarbonLite Solutions businesses), the order book position of the company at the end of Q1FY26 stood at Rs. 6,128 Bn.