---
title: "L&T shares fall over 3% after Q4 results as brokerages flag weak margins, softer FY27 outlook"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285307935.md"
description: "L&T shares fell over 3% after mixed Q4 FY26 results, with a 3% decline in net profit to Rs 5,326 crore despite an 11% revenue increase to Rs 82,762 crore. Margins narrowed to 10.4%. The stock remains up 17.8% year-on-year, outperforming the Nifty 50. Brokerages expressed mixed reactions, citing concerns over execution, margins, and the new Lakshya 2031 strategy. Order inflows reached Rs 89,772 crore, with a record order book of Rs 7.4 lakh crore, 52% from international orders."
datetime: "2026-05-06T03:51:13.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285307935.md)
  - [en](https://longbridge.com/en/news/285307935.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285307935.md)
---

# L&T shares fall over 3% after Q4 results as brokerages flag weak margins, softer FY27 outlook

Shares of engineering and infrastructure major Larsen & Toubro fell sharply by over 3 percent in early trade on Wednesday after the company reported mixed Q4 FY26 earnings. L&T also unveiled its new Lakshya 2031 strategy plan, prompting a divided response from brokerages.

L&T stock fell as much as 3.3 percent to Rs 3,921.4, extending losses after slipping 1.1 percent in the previous session following the results announcement. Despite the recent decline, the stock remains up 17.8 percent over the past one year, outperforming the Nifty 50, which is down 0.7 percent during the same period.

The company reported a 3 percent year-on-year decline in consolidated net profit to Rs 5,326 crore for Q4 FY26, while revenue rose 11 percent to Rs 82,762 crore. EBITDA increased 5 percent to Rs 8,610 crore, though margins narrowed to 10.4 percent from 11 percent a year ago.

L&T said the year-on-year decline in reported profit was primarily due to an exceptional gain of Rs 475 crore in the corresponding quarter last year. The company’s recurring PAT rose 5 percent to Rs 5,289 crore.

The company’s order inflows for the January-March quarter stood at Rs 89,772 crore, while the total order book hit a record Rs 7.4 lakh crore as of March 31, 2026, up 28 percent on-year. International orders accounted for 52 percent of the overall order book.

Brokerage reactions remained mixed. Concerns emerged around execution, margins, order inflow momentum and returns from new investments under the Lakshya 2031 strategy.

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