L&T Q4 Results Preview: Profit may rise 11% year-on-year; revenue growth seen healthy

Key monitorables for investors in the report card include domestic tender pipeline, as well as working capital cycle. Analysts would also look out for an execution ramp-up in and an expected pipeline in the .

In the preceding December quarter, the company saw 15% year-on-year (year-on-year) growth in at Rs 2,947 crore and revenue from operations rose nearly 19% to Rs 55,128 crore.

Here's what to expect from L&T's Q4:

Kotak Equities

We expect 18% year-on-year improvement in core EPC revenues as we bake in improved construction activity across projects during the first two months and a weak March.

We expect core E&C business EBITDA margin at 9.9%, up 70 bps year-on-year on low base (flat on a two-year basis).

Nuvama

While govt capex and ME hydrocarbon ordering shows strong momentum, private capex is yet to show its best. FY26's strategic plan is to focus on making subsidiaries self-sustainable, strong presence into green energy (hydrogen, battery storage etc.) and non-core exits. With robust order inflow growth, execution completion of legacy projects, refinancing of Hyderabad metro etc., margins may see ramping up but at a slower pace.

Pickup in core E&C OPMs remains key to L&T. New orders momentum remains robust on international hydrocarbon, mobility and power T&D side.

Motilal Oswal

Expect consolidated of 11% year-on-year, led by 12% year-on-year core E&C revenue growth. We expect Core E&C EBITDA margin of 9%, up 50 bps year-on-year, as legacy orders are near the completion.

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