Larsen & Toubro Ltd. (L&T) reported its financial results for the quarter ending March 2026, revealing a mixed performance. The company achieved consolidated net sales of ₹82,762.16 crores, reflecting an 11.25% increase year-on-year, which indicates strong revenue growth driven by effective order book execution. However, the consolidated net profit for the same period was ₹5,325.60 crores, representing a decline of 3.12% year-on-year, highlighting challenges in maintaining profitability amidst rising costs.
The operating margin, excluding other income, stood at 12.59%, down 69 basis points from the previous year, suggesting pressure on margins despite the revenue growth. This margin compression could be attributed to increasing employee costs and other operational expenses. Notably, the profit after tax margin improved sequentially to 7.63% from 5.36% in the prior quarter, driven by a favorable tax rate, y...
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