L&T Q4 Results: Profit Rises 25%, Beats Estimates
Larsen & Toubro's revenue rose 10.9% to Rs 74,392 crore in the fourth quarter.
Larsen & Toubro Ltd.'s consolidated net profit rose 25% in the fourth quarter of the last financial year, beating analysts' estimates.
India's largest engineering, procurement and construction company posted a profit of Rs 5,497 crore in the January-March period, according to an exchange filing on Thursday. As per the consensus estimate of analysts tracked by Bloomberg, the net profit was expected at Rs 4,545 crore.
L&T Q4FY25 Earnings Highlights (Consolidated, YoY)
Revenue from operations rose 10.9% to Rs 74,392 crore versus Rs 67,079 crore (Bloomberg estimate: Rs 76,298 crore).
Ebitda rose 13.4% to Rs 8,203 crore versus Rs 7,234 crore (Estimate: Rs 8,301 crore).
Ebitda margin stood at 11% versus 10.8% (Estimate: 10.9%).
Net profit up 25% at Rs 5,497 crore versus Rs 4,396 crore (Estimate: Rs 4,545 crore).
The company also declared an interim dividend of Rs 34 per share.
Orderbook Position
The consolidated order book of the group as on March 2025 stood at Rs 5.79 lakh crore, registering a growth of 22% over March 2024, with the share of international orders at 46%.
The company received new orders worth Rs 3.56 lakh crore at the group level during the year ended March 31, 2025, registering a growth of 18%, exceeding its guidance of 10% for the fiscal year 2025.
The order inflow for the quarter stood at Rs 89,613 crore, registering growth of 24%. International orders stood at Rs 62,739 crore during the quarter, constituting 70% of the total inflows.
Segment-Wise Performance
Infrastructure Projects
The segment secured orders of Rs 34,580 crore, during the quarter ended March 2025, registering growth of 10% over the corresponding quarter of the previous year. International orders constituted 55% of the total order inflow during the period.
The segment order book stood at Rs 3.57 lakh crore as on March 31, 2025, with the share of international orders at 39%.
The Ebitda margin of the segment during the year was higher at 6.4% compared to 6.2% during the previous year. Margin for the year has improved due to execution cost savings.
Energy Projects
This segment secured orders of Rs 32,201 crore during the quarter, registering a significant growth of more than 100% year-on-year on receipt of the ultra-mega Qatar Energy order in Hydrocarbon business.
International orders constituted 97% of the total order inflow for the quarter. The segment order book was at Rs 1.66 lakh crore as on March 31, 2025, with the international order book constituting 73%.
The Ebitda margin of the segment was at 8.4% for the year ended March 31, 2025, lower as compared to 10% in the previous year, mainly due to early stage of execution of the new orders in the hydrocarbon business.
Hi-Tech Manufacturing
This segment secured orders of Rs 2,263 crore during the quarter ended March 31, 2025, registering decline of 74% over the year-ago period due to a high base.
International orders constituted 35% of the total order inflow for the quarter.
The order book of the segment was at Rs 40,388 crore as on March 31, 2025, with the share of export orders at 11%.
The Ebitda margin of the segment during the year was at 17.3% as compared to16.3% recorded in the previous year. The margin is higher mainly on account of improved job mix.
Before the quarterly results were declared, shares of L&T closed 0.05% lower at Rs 3320.6 apiece on the BSE, compared to 0.51% decline in the benchmark Sensex.
