Larsen & Toubro revenue and financials
Secondary listing. The primary listing is Larsen & Toubro · NSE (INR)
₹3,699.00Change from previous close: −1.96%Absolute change: −₹74.00
In the fiscal year ended March 2026, Larsen & Toubro reported revenue of ₹2.92T (+12.24% year over year). Net income was ₹160.84B, a net margin of 5.5%.
Fiscal year ending in March. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +12.24%
- FY to Mar 2026 vs FY to Mar 2025
- Net income growth
- +6.96%
- FY to Mar 2026 vs FY to Mar 2025
- Net margin
- 5.5%
- FY to Mar 2025: 5.8%
Financial data
Amounts in millions of INR; per-share values in INR; shares in millions.
| Item | FY to Mar 2026 | FY to Mar 2025 | FY to Mar 2024 | FY to Mar 2023 | FY to Mar 2022 | FY to Mar 2021 | FY to Mar 2020 | FY to Mar 2019 | FY to Mar 2018 | FY to Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 167,410 | 91,514 | 182,663 | 227,770 | 191,636 | 230,720 | 65,424 | -47,558 | -100,310 | 66,553 |
| Depreciation and amortization | 41,446 | 38,756 | 34,438 | 33,842 | 29,380 | 28,135 | 24,438 | 17,327 | 16,730 | 18,399 |
| Capital expenditure | -48,092 | -44,188 | -45,165 | -41,438 | -31,106 | -18,077 | -34,368 | -43,074 | -28,772 | -29,771 |
| Investing cash flow | -117,388 | -155,082 | 21,630 | -83,117 | -36,677 | -56,585 | -82,563 | -110,228 | 39,145 | -97,959 |
| Financing cash flow | -21,564 | 65,566 | -254,134 | -115,725 | -151,815 | -152,744 | 63,716 | 154,402 | 93,705 | 28,959 |
| Dividends paid | -46,762 | -38,496 | -33,736 | -30,914 | -25,284 | -11,232 | -39,296 | -22,432 | -19,608 | -17,015 |
| Share repurchases | — | 0.0 | -122,799 | 0.0 | — | — | — | — | — | — |
| Debt issued | 436,937 | 464,970 | 231,254 | 282,983 | 273,933 | 362,586 | 475,026 | 319,468 | 495,835 | 321,666 |
| Debt repaid | -371,218 | -313,447 | -276,877 | -332,183 | -362,136 | -453,727 | -339,431 | -140,814 | -369,645 | -272,863 |
| Effect of exchange rates | 3,585 | 287 | 159 | 2,637 | 823 | -901 | — | — | — | — |
| Net change in cash | 32,042 | 2,285 | -49,682 | 31,565 | 3,967 | 20,490 | 46,577 | -3,385 | 32,539 | -2,448 |
| Free cash flow | 119,318 | 47,325 | 137,498 | 186,332 | 160,530 | — | — | — | — | — |
| Levered free cash flow | 261,955 | 98,405 | 247,453 | 116,514 | 74,626 | 165,257 | -3,679 | -72,440 | -39,821 | 16,813 |