Larsen & Toubro Expected to Post Double-Digit Revenue Growth in Q2 FY26, Results Due Today

Larsen & Toubro (L&T) is poised to announce its second-quarter financial results for the fiscal year 2026 today. Analysts forecast a robust performance, with revenues expected to grow by as much as 19% compared to the same period last year. This growth is primarily attributed to strong contributions from its engineering and construction (E&C) divisions, boosted by ultra-mega orders in the energy and hydrocarbon sectors, particularly from the Middle East.

Motilal Oswal Financial Services noted that while EBITDA margins for the E&C segment are expected to remain flat year-on-year at 7.6%, they might see a decline at the consolidated level. Investors will be keenly watching the execution progress on projects in Saudi Arabia and emerging trends in orders from the GCC region, as well as the overall performance of L&T's international business, hydrocarbon, and green energy initiatives.

In the previous quarter (Q1 FY26), L&T had reported a significant 30% increase in its consolidated net profit, reaching ₹3,617 crore, and a 15.5% rise in revenue to ₹63,678 crore.

Impact: This news is highly significant for L&T's investors and the broader Indian stock market due to the company's large market capitalization and its role in key infrastructure and industrial sectors. A positive earnings report can boost investor confidence and potentially influence the performance of related stocks and the industrial sector index. Rating: 8/10

Difficult Terms: EBITDA: Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure of a company's operating performance. GCC: Gulf Cooperation Council. It is a regional intergovernmental political and economic union comprising six Middle Eastern countries: Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain, and Oman.