Larsen & Toubro is set to report quarterly earnings with a steady performance, backed by a robust order book and consistent execution across key segments.
Analysts expect revenue growth of around 12 per cent on-year, driven largely by domestic infrastructure activity and a gradual pick-up in international projects.
An average of analyst estimates pegged revenue at a little over ₹83,000 crore and net profit in the region of ₹5,500 crore in the fourth quarter.
Net profit for the quarter is expected to grow in the range of 11 per cent on-year, supported by operating performance and stable financing costs.
The company will announce its quarterly earnings on Tuesday.
Orders inflows during the quarter are expected to have decelerated due to the impact of the West Asia war. More than a third of the company’s orderbook is from the region.
Continued government spending on roads, railways, and urban infrastructure is expected to support domestic growth, while orders from West Asia could contribute nearly 20–25 per cent of incremental inflows.
Margins, however, may remain under some pressure. Core engineering and construction EBITDA margins are expected in the 8.5–9.5 per cent band, reflecting lingering input cost pressures and competitive intensity. Despite this, focus on better project selection and cost efficiencies could help limit downside risks.
Meanwhile, segments such as hydrocarbons and defence could see stronger traction, with execution gains translating into improved profitability.
Investors will closely track management commentary on order pipeline visibility, margin trajectory, and capital allocation strategy.