Larsen & Toubro Limited — Important, 30-01-2025: Financial Result Updates

Larsen & Toubro Limited has announced a board meeting on January 30, 2025, during which it approved its consolidated financial results for the quarter and nine months ended December 31, 2024.

Consolidated revenues reached ₹ 64,668 crore, reflecting a 17% year-over-year growth, driven by a robust order book and enhanced execution across Projects & Manufacturing. Revenue from international operations made up 51% of total revenues, indicating strong global demand.

The consolidated Profit After Tax (PAT) for the quarter stood at ₹ 3,359 crore, achieving a 14% year-over-year increase. Consequently, the Earnings Per Share (EPS) was reported at ₹ 24.43. Factors impacting profitability include effective cost controls and improved operational efficiency, evidenced by a stable EBITDA margin of 9.7% for the quarter.

Total operational expenses increased by 18% to ₹ 58,413 crore, reflecting higher project execution costs but also indicating effective cost management strategies by the company.

The company continues to maintain a strong balance sheet with a consolidated order book at ₹ 564,223 crore, a 19% increase from the previous year. Positive market sentiment is backed by a record quarterly order inflow of ₹ 116,036 crore.

Given the financial performance, coupled with the strategic investments in AI and digital transformation, L&T is well-positioned for future growth. Considering the current metrics, the outlook suggests a favorable opportunity for investors to consider a hold position.