Larsen & ToubroNSE: LTBSE: 500510Construction · Civil Construction

₹3,938.901.20 (0.03%)

Mkt Cap: ₹5.41 L Cr.
P/E (TTM): 32.66
Open: ₹3,962.90
Day's Range: ₹3,923.20 – ₹3,973.10
52W Range: ₹3,288.10 – ₹4,440.00
Div Yield: 0.97%
EPS (TTM): ₹120.89
Book Value: ₹794.47

Larsen & Toubro Financial Statements

Name: Larsen & Toubro Financials — historical data
Creator: StockeZee

For Mar 2026, Larsen & Toubro reported revenue of ₹2,85,874 crore and net profit of ₹16,084 crore. Return on equity stands at 15.90%. Profit & loss, balance sheet and cash flow across 9 reported years are below.

Updated 31 Jul 2026Source: NSE & BSE company filingsNifty 50 constituent

Latest year revenue: ₹2,85,874 Cr
EBITDA: ₹29,151 Cr
Operating margin: 10.2%
Profit after tax: ₹16,084 Cr
Net margin: 5.63%
EPS: ₹116.92
Latest year: Mar 2026
Years reported: 9

Larsen & Toubro profit & loss

Reported annual performance for Larsen & Toubro, oldest to newest. Figures in ₹ crore unless a row states otherwise.

Larsen & Toubro annual profit and loss statement. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue from Operations	1,19,862	1,41,007	1,45,452	1,35,979	1,56,521	1,83,341	2,21,113	2,55,734	2,85,874
Sales Growth YoY %	—	17.64%	3.15%	-6.51%	15.11%	17.13%	20.6%	15.66%	11.79%
Other Income	1,412	1,852	2,361	3,429	2,267	2,929	4,158	4,125	5,761
Total Income	1,21,274	1,42,859	1,47,813	1,39,408	1,58,788	1,86,270	2,25,271	2,59,859	2,91,635
Cost of Goods Sold (COGS)	42,126	51,853	49,538	43,710	52,691	64,944	80,773	96,566	99,892
Cost of Materials Consumed	41,998	50,921	48,049	42,153	53,698	67,047	78,688	95,575	1,00,592
Purchases of Stock-in-Trade	1,358	1,800	841	1,214	1,070	1,053	1,064	1,402	1,262
Changes in Inventories	-1,230	-868	648	343	-2,077	-3,157	1,021	-411	-1,963
Gross Profit	77,736	89,154	95,914	92,269	1,03,830	1,18,397	1,40,340	1,59,168	1,85,983
Gross Margin %	64.85%	63.23%	65.94%	67.86%	66.34%	64.58%	63.47%	62.24%	65.06%
Total Operating Expenses	64,165	72,829	79,585	76,645	85,613	97,644	1,16,846	1,32,734	1,56,832
Employee Benefit Expense	15,292	18,101	23,114	24,762	29,734	37,214	41,171	46,769	52,187
Other Expenses	48,872	54,728	56,471	51,883	55,879	60,430	75,675	85,965	1,04,644
EBITDA	13,571	16,325	16,329	15,624	18,217	20,753	23,494	26,435	29,151
OPM %	11.32%	11.58%	11.23%	11.49%	11.64%	11.32%	10.63%	10.34%	10.2%
Total Non-Operating Expenses	3,590	4,185	5,259	3,124	6,193	6,845	7,322	7,930	5,491
Depreciation & Amortisation	1,929	2,084	2,462	2,904	2,948	3,502	3,682	4,121	4,365
Finance Costs	1,539	1,806	2,797	3,913	3,126	3,207	3,546	3,334	2,849
Exceptional Items (Before Tax)	123	295	0	-3,694	120	136	94	475	-1,722
Profit Before Tax (PBT)	11,639	14,581	13,431	8,542	14,530	17,109	20,517	23,579	25,976
Tax Expense	3,199	4,343	3,263	3,873	4,239	4,484	4,947	5,891	6,816
Current Tax	3,732	4,693	3,565	3,972	4,535	5,055	5,128	6,101	6,753
Deferred Tax	-533	-350	-301	-99	-295	-571	-180	-209	63
Effective Tax %	27.48%	29.79%	24.3%	45.34%	29.18%	26.21%	24.11%	24.99%	26.24%
Profit/Loss from Discontinued Operations	0	0	655	8,238	0	0	0	0	0
Total Profit for Period	8,004	10,217	10,894	12,921	10,419	12,531	15,547	17,673	18,954
Less: Non-controlling Interests	635	1,311	1,345	1,338	1,750	2,060	2,488	2,636	2,870
Net Profit (Owner's PAT)	7,370	8,905	9,549	11,583	8,669	10,471	13,059	15,037	16,084
Net Profit Margin %	6.15%	6.32%	6.57%	8.52%	5.54%	5.71%	5.91%	5.88%	5.63%
PAT Growth YoY %	—	20.83%	7.23%	21.3%	-25.15%	20.78%	24.72%	15.15%	6.96%
Earnings Per Share (EPS)	₹52.59	₹63.48	₹68.02	₹82.47	₹61.7	₹74.5	₹95	₹109.35	₹116.92
Diluted Shares Outstanding (Cr.)	140	140	140	140	141	141	137	138	138
Profit/Loss from Associates	-436	-21	72	14	128	-94	-23	-14	-206
Other Comprehensive Income (Net of Tax)	163	-230	-1,315	1,454	438	-959	407	0	-407
Expenses	1,09,635	1,28,278	1,34,382	1,30,866	1,44,258	1,69,161	2,04,754	2,36,280	2,65,659
Material Cost %	35.04%	36.11%	33.03%	31%	34.31%	36.57%	35.59%	37.37%	35.19%
Employee Cost %	12.76%	12.84%	15.89%	18.21%	19%	20.3%	18.62%	18.29%	18.26%
Other Cost %	40.77%	38.81%	38.82%	38.15%	35.7%	32.96%	34.22%	33.61%	36.61%
Interest Coverage (x)	7.57	7.89	4.96	3.25	4.89	5.38	5.59	6.69	8.7

Larsen & Toubro revenue and profit trend

Reported annual revenue and net profit, oldest to newest. Two panels because the two measures live on different scales — one shared axis would distort both.

Larsen & Toubro balance sheet

Assets, liabilities and shareholders' equity as reported, in Schedule III order. Figures in ₹ crore unless a row states otherwise.

Larsen & Toubro annual balance sheet with assets, liabilities and equity. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Equity	69,201	76,244	87,920	95,374	1,03,567	1,02,550	1,15,404	1,28,530
Equity Share Capital	281	281	281	281	281	275	275	275
Reserves & Surplus	62,094	66,442	75,588	82,127	89,045	86,084	97,381	1,09,015
Equity Method Investments	2,642	2,851	2,670	2,729	—	1,264	—	2,258
Total Equity	69,201	76,244	87,920	95,374	1,03,567	1,02,550	1,15,404	1,28,530
Non-Current Liabilities	75,344	87,167	85,946	65,242	64,719	60,477	62,150	69,522
Long-term Borrowings	74,121	82,331	82,120	61,618	61,218	56,507	57,503	63,739
Deferred Tax Liabilities	311	1,453	1,179	1,039	630	534	410	167
Non-Current Provisions	557	709	774	818	870	987	1,124	832
Other Non-Current Liabilities	1	31	69	21	82	618	3,112	37
Non-Current Financial Liabilities	74,476	84,974	83,925	63,363	63,137	58,338	—	68,486
Current Liabilities	1,34,586	1,42,745	1,37,405	1,59,354	1,62,066	1,76,601	2,01,971	2,33,531
Short-term Borrowings	51,434	58,676	50,485	61,850	57,296	57,533	72,056	57,944
Trade Payables	42,995	43,644	45,505	51,144	49,784	53,293	52,459	69,456
Current Financial Liabilities	99,244	1,07,668	1,01,965	1,20,044	1,15,013	1,18,949	—	1,39,539
Other Current Financial Liabilities	4,815	5,348	5,976	7,050	7,933	8,123	—	12,139
Other Current Liabilities	31,167	30,817	31,270	34,644	42,167	52,334	72,764	85,862
Current Provisions	3,038	2,751	2,999	3,356	3,493	3,458	4,692	5,009
Liabilities Held for Sale	3	1,984	3	80	—	—	—	20,966
Current Tax Liabilities	1,137	1,510	1,171	1,310	1,393	1,860	—	3,121
Total Liabilities	2,09,933	2,31,896	2,23,354	2,24,675	2,26,785	2,37,078	2,64,120	3,24,019
Total Non-Current Assets	1,12,150	1,25,450	1,16,307	1,11,868	1,08,148	1,21,547	1,34,182	1,34,239
Property, Plant & Equipment (PPE)	10,890	12,330	13,408	12,567	13,474	15,587	18,155	19,437
Capital Work-in-Progress	2,484	3,225	388	1,170	2,949	2,897	2,892	3,036
Intangible Assets	4,223	19,597	19,198	18,729	18,008	17,385	25,399	1,828
Investment Property	4,255	3,715	3,647	3,963	3,360	2,191	—	1,120
Non-Current Investments	4,532	4,497	5,945	7,082	9,225	9,426	11,445	6,594
Loans – Non-Current	59,651	60,112	53,114	46,990	41,277	52,630	63,196	75,583
Other Non-Current Assets	5,649	6,542	5,950	6,078	5,989	6,402	9,104	7,097
Non-Current Financial Assets	65,327	65,247	60,170	56,234	52,468	64,008	—	86,453
Net Fixed Assets	17,596	35,152	32,994	32,467	34,431	35,869	46,446	24,301
Total Current Assets	1,66,976	1,78,323	1,94,961	2,07,350	2,21,216	2,17,075	2,45,342	2,92,841
Inventories	6,414	5,747	5,821	5,943	6,829	6,620	7,671	9,531
Trade Receivables	37,038	40,732	42,230	46,139	44,732	48,771	53,714	60,461
Cash & Cash Equivalents	6,509	11,325	13,374	13,770	16,927	11,959	12,187	15,391
Current Investments	13,946	12,700	31,011	29,793	35,573	34,958	43,361	59,525
Loans – Current	43,158	42,439	42,028	42,550	40,712	34,921	36,494	43,460
Current Financial Assets	1,07,874	1,13,916	1,34,349	1,41,274	1,48,466	1,39,572	—	1,92,007
Other Current Assets	52,688	58,660	54,791	60,133	65,920	70,882	81,137	91,303
Other Current Financial Assets	2,006	2,928	2,838	3,840	4,930	5,564	—	7,713
Assets Held for Sale	7	4,367	6	831	989	1,005	—	25,470
Net Working Capital	32,391	35,578	57,556	47,997	59,150	40,474	43,371	59,310
Additional Asset Fields	10,245	13,367	14,749	15,806	18,226	20,054	68,185	23,493
Ppe Intangible	—	—	—	—	—	—	46,644	—
Def Tax Assets	3,419	3,847	2,697	2,840	3,985	3,864	3,793	4,253
Non Controlling Int	6,826	9,521	12,052	12,966	14,241	16,190	17,748	19,241
Total Assets	2,79,134	3,08,140	3,11,274	3,20,049	3,30,352	3,39,627	3,79,524	4,52,550
Total Borrowings	1,25,555	1,41,007	1,32,605	1,23,468	1,18,513	1,14,040	1,29,559	1,21,683
Net Debt	1,19,046	1,29,683	1,19,232	1,09,698	1,01,587	1,02,081	1,17,372	1,06,292
Debt to Equity (x)	1.81	1.85	1.51	1.29	1.14	1.11	1.12	0.95
Current Ratio (x)	1.24	1.25	1.42	1.3	1.36	1.23	1.21	1.25

Larsen & Toubro cash flow statement

Cash generated and used across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.

Larsen & Toubro annual cash flow statement across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Net Cash from Operating Activities	19,164	22,777	18,266	9,161	16,741
Profit Before Tax	14,530	17,109	20,517	23,579	25,976
Depreciation & Amortisation	2,948	3,502	3,682	4,121	4,365
Finance Costs	3,126	3,207	3,546	3,334	2,625
Working Capital Changes	4,757	5,379	-1,385	-12,064	-4,699
Tax Paid	-4,552	-5,127	-5,280	-5,601	-6,031
Net Cash from Investing Activities	-3,668	-8,312	2,163	-15,518	-11,739
Purchase of PPE	-3,111	-4,144	-4,517	-4,419	-4,809
Sale of Fixed Assets	71	350	306	878	341
Interest Received	969	1,609	2,408	2,084	2,701
Net Cash from Financing Activities	-15,181	-11,572	-25,413	6,557	-2,156
Proceeds from Borrowings	27,537	28,386	23,175	46,547	43,694
Repayment of Borrowings	-35,806	-32,795	-27,228	-30,782	-36,403
Interest Paid	-2,812	-2,889	-3,438	-3,416	-3,182
Dividend Paid	-2,528	-3,091	-4,217	-3,850	-4,676
Buyback / Redemption of Shares	0	0	-12,280	0	0
Lease Liabilities Paid	-563	-581	-627	0	-718
Net Change in Cash	397	3,156	-4,968	229	3,204
Effect of Foreign Exchange Changes	82	264	16	29	359
Free Cash Flow	16,053	18,633	13,750	4,742	11,932
CFO / PBT (x)	1.32	1.33	0.89	0.39	0.64

Larsen & Toubro key ratios

Valuation, profitability, return, leverage and per-share measures computed from reported statements — not from adjusted or normalised earnings.

Larsen & Toubro valuation, profitability, return and leverage ratios
Ratio	Category	Value
P/E (TTM)	Valuation	32.66
Forward P/E	Valuation	23.07
P/B	Valuation	4.96
PEG (TTM)	Valuation	1.06
EV / EBITDA (TTM)	Valuation	17.65
P/S (TTM)	Valuation	1.82
Operating margin	Profitability	12.4%
Net margin (TTM)	Profitability	6.04%
Return on equity	Return ratios	15.9%
Return on capital employed	Return ratios	14.6%
Return on assets	Return ratios	4.59%
Debt to equity	Leverage & liquidity	1.15
Beta	Leverage & liquidity	1.35
EPS (TTM)	Per share	₹120.89
Book value	Per share	₹794.47
Revenue / share (TTM)	Per share	₹2,124.66
Cash flow / share	Per share	₹121.69
Dividend yield	Shareholder returns	0.97%
Dividend payout (TTM)	Shareholder returns	61.67%

How this is calculated

Statements are as filed with the exchanges. Consolidated figures are shown where reported. Figures are in rupees crore unless the table states otherwise. Ratios are computed from the same reported statements, not from adjusted or normalised earnings.

Index membership reflects the Nifty 100 as published by NSE Indices, effective 2026-03-30.

Larsen & Toubro: frequently asked questions

What is Larsen & Toubro's annual revenue?

Larsen & Toubro reported revenue of ₹2,85,874 crore in Mar 2026, up 11.8% on the previous financial year.

Is Larsen & Toubro profitable?

Larsen & Toubro reported a net profit of ₹16,084 crore in Mar 2026, up 7.0% on the previous financial year.

What is Larsen & Toubro's EPS?

Larsen & Toubro reported earnings per share of ₹116.92 for Mar 2026.

What is Larsen & Toubro's operating margin?

Larsen & Toubro's operating margin for Mar 2026 was 10.20%.

What is Larsen & Toubro's return on equity?

Larsen & Toubro's return on equity stands at 15.90%. ROE measures profit generated per rupee of shareholder equity.

How many years of Larsen & Toubro financials are shown?

9 reported financial years are tabulated on this page, the most recent being Mar 2026.

Are these figures consolidated or standalone?

Consolidated figures are shown wherever the company reports them, and standalone otherwise. The basis in use is labelled on the statement table.

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Disclaimer

The data, ratios and commentary about Larsen & Toubro Ltd (LT) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.