L&T Q3 Profit Drops 4% to Rs 3,215 Cr Amidst Rising Expenses

• Larsen & Toubro (L&T) reported a 4.2% decline in consolidated profit after tax (PAT) for the December quarter of FY26, reaching Rs 3,215 crore.
• The PAT decrease is primarily attributed to higher expenses, which rose to Rs 65,729.76 crore from Rs 60,302.62 crore in the previous year.
• Despite the profit dip, revenue from operations saw a significant increase, climbing to Rs 71,450 crore from Rs 64,668 crore year-on-year.
• L&T's consolidated order book surged by 30% to Rs 7,33,161 crore as of December 31, 2025, with international orders contributing 49%.
• Chairman and MD S N Subrahmanyan expressed optimism for continued growth, emphasizing capital expenditure, domestic manufacturing, and digital/AI ecosystem support.

Why It Matters: L&T's Q3 profit fell due to higher expenses, despite strong revenue growth and a surging order book.