LT · NSE
Larsen & Toubro
Phase 4 · Capital Return
Profitable, cash-generative, and returning capital to shareholders through dividends.
Phase 1
Startup
Phase 2
Hyper Growth
Phase 3
Operating Leverage
Phase 4
Capital Return
Phase 5
Decline
Revenue growth (YoY)
11.8%
Mar 2026 vs Mar 2025
Net profit growth (YoY)
7.2%
Operating cash flow
₹16741 Cr
Mar 2026
Returning capital?
Yes
Last dividend ex-date 2025-06-02
Revenue, profit & operating cash flow
₹ crore, by fiscal year
RevenueNet profitOperating cash flowRevenue ends at ₹285874 Cr. Net profit ends at ₹18954 Cr. Operating cash flow ends at ₹16741 Cr.
Judge management on
Capital allocation — are dividends sized sensibly against free cash flow?
Key metric to watch
Free cash flow and the dividend payout ratio.
Typically valued on
Price/earnings and dividend yield.
| Fiscal year | Revenue | Net profit | Operating cash flow |
|---|---|---|---|
| Mar 2021 | ₹135979 Cr | ₹12921 Cr | ₹23074 Cr |
| Mar 2022 | ₹156521 Cr | ₹10419 Cr | ₹19164 Cr |
| Mar 2023 | ₹183341 Cr | ₹12531 Cr | ₹22777 Cr |
| Mar 2024 | ₹221113 Cr | ₹15547 Cr | ₹18266 Cr |
| Mar 2025 | ₹255734 Cr | ₹17673 Cr | ₹9151 Cr |
| Mar 2026 | ₹285874 Cr | ₹18954 Cr | ₹16741 Cr |
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