L&T Q3 Results 2026: Profit Misses Estimates, Revenue Grows, Margins Impress

• L&T reported a consolidated profit of ₹3,215 crore for Q3 2026, significantly lower than the market expectation of ₹4,401 crore and a slight decrease year-on-year.
• Consolidated revenue reached ₹71,449 crore, missing estimates slightly but showing strong year-on-year growth from ₹64,668 crore, driven by infrastructure, energy, and railway projects.
• EBITDA stood at ₹7,416 crore, surpassing the estimated ₹7,329 crore, with the EBITDA margin improving to 10.4% from 9.67% last year, indicating effective cost management.
• The company's stock closed with a marginal gain of 0.16% on results day, but has fallen 7% year-to-date in 2026, though it delivered an 11% return over one year.
• Foreign Institutional Investor (FII) holdings increased from 19.28% in September 2025 to 19.85% in December 2025, signaling growing confidence from foreign investors.

Why It Matters: L&T's Q3 2026 saw profit below expectations, but strong revenue growth and impressive margin improvement.