L&T Q3 Results: Larsen & Toubro (L&T) on Thursday reported an 14% year-on-year rise in its consolidated net profit (attributable to owners of the company) for the fiscal's third quarter ended December (Q3FY25) to ₹3,358.84 crore. The company had reported a profit of ₹2,947.36 crore in the year-ago period. Sequentially, the consolidated net profit was down 1.07%. L&T shares ended nearly 1% down at ₹3,419.80 apiece on BSE.
L&T's consolidated revenue from operations stood at ₹64,667.78 crores during the quarter ended December (Q3FY25) from ₹55,127.82 crore in Q3FY24, a year-on-year rise of 17.3%. Sequentially, the revenue was up by 5.1%.
The company reported in an exchange filing that it recorded consolidated revenues of ₹64,668 crore for the quarter ending December 31, 2024, marking a year-on-year increase of 17% driven by a robust order book and increased execution activity in its Projects & Manufacturing (P&M) sectors.
During this quarter, international revenues reached ₹32,764 crore, accounting for 51% of total revenues, highlighting enhanced performance in the international P&M portfolio.
The firm reported in its exchange filing that the Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the quarter ending in December was ₹6,255 crore, compared to ₹5,759 crore in Q3FY24. The EBITDA margin was recorded at 9.7%, reflecting a decrease from 10.4% in Q3FY24.
The exchange filing indicates that the company achieved its highest quarterly orders ever, totaling ₹116,036 crore at the group level for the quarter ended December 31, 2024. This marks a significant year-on-year growth of 53%.
The orders were diversified across various sectors, including Thermal Power, Renewable Energy, Power Transmission, Precision Engineering, Minerals & Metals, Water, Commercial Buildings, and Hydrocarbon Onshore. Notably, international orders amounted to ₹62,059 crore, representing 53% of the overall order inflow during this period.
As of December 31, 2024, the consolidated order book of the group stands at ₹564,223 crore, reflecting a robust growth of 19% compared to March 2024. Notably, international orders make up 42% of the total, highlighting the group's expanding presence in global markets.
“This quarter has ended on a strong note for us. We have achieved the highest ever quarterly order inflow in the Company’s history, consequently our order book is at a record high. Our commitment to timely execution, operational excellence and a customer centric approach is reflected in our healthy financial performance,” said S.N. Subrahmanyan, Chairman and Managing Director.
Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.