L&T Q3 Results: Profit rises by 13.96% to Rs 3,358.84 crore, revenue up 17.31% on strong order book of over Rs 1 lakh crore

Larsen & Toubro Ltd on Thursday reported Q3FY25 profit at Rs 3358.84 crore, recording a growth of 13.96 per cent in comparison to Rs 2947.36 crore during the same quarter of FY24, missing estimates. It posted revenue from operations at Rs 64,667.78 crore, up 17.31 per cent as against Rs 55,127.82 crore during the third quarter of previous financial year, on the back of strong order book and ramp up in execution momentum across its Projects & Manufacturing (P&M) businesses. According to a CNBC TV18 poll, L&T was expected to post Q3 profit at Rs 3762 crore and revenue for the period was estimated at Rs 63,750 crore. 

For the nine months ended December 31, 2024, the consolidated revenues at Rs 181,342 crore, up 18 per cent YoY with international revenues during the nine months at Rs 91,070 crore, and this constituted 50 per cent of the total revenues. Consolidated profit stood at Rs 9,540 crore, up 10 per cent YoY.

Also ReadOnly 6% of Indian websites ready for DPDA cookie rules: ASCI study

Order book status: Highest quarterly order inflow

L&T received its highest ever quarterly orders of Rs 116,036 crore at the group level during the quarter ended December 31, 2024, up 53 per cent YoY. During the quarter, it said, orders were received across multiple geographies and diverse sectors like Thermal Power, Renewable, Power Transmission, Precision Engineering, Minerals & Metals, Water, Commercial Buildings and Hydrocarbon Onshore. 

International orders were at Rs 62,059 crore during the quarter and this comprised 53 per cent of the total order inflow.

On a cumulative basis, the order inflow for the nine months ended December 31, 2024 stood at Rs 267,018 crore, registering a growth of 16 per cent YoY. International orders, meanwhile, stood at Rs 144,739 crore during the nine months and this constituted 54 per cent of the total.

The consolidated order book of the group as on December 31, 2024 came in at Rs 564,223 crore, up 19 per cent over March 2024, with the share of international orders at 42 per cent.

SN Subrahmanyan, Chairman and Managing Director, L&T, said, “This quarter has ended on a strong note for us. We have achieved the highest ever quarterly order inflow in the company’s history,

 » Read More

Related Articles

RBI announces additional authentication layer for online international digital payments

Newly appointed RBI Governor Sanjay Malhotra on Friday announced a 25-bps repo rate cut, giving much-needed relief to home and other loan borrowers who have long been waiting for their respective banks to slash rates. It, however, has to be seen how banks respond to RBI rate cut and whether they pass on this benefit

RBI Cuts Repo Rate by 25 bps: What should homebuyers do now?

In a widely-anticipated move, the Reserve Bank of India (RBI) has announced a 25-basis point (bps) reduction in the repo rate, marking a significant step to ease borrowing costs and stimulate economic growth. The decision, unveiled by RBI Governor Sanjay Malhotra on Friday, February 7, follows extensive deliberations by the Monetary Policy Committee (MPC). The

Amul to invest Rs 600 crore in Kolkata

Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF), known for its iconic Amul brand, has committed to investing Rs 600 crore to establish a state-of-the-art integrated dairy plant in Kolkata, West Bengal.  The plant will feature the world’s largest curd manufacturing facility with a production capacity of 10 lakh kilograms per day. This announcement was made

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

RBI announces additional authentication layer for online international digital payments

Newly appointed RBI Governor Sanjay Malhotra on Friday announced a 25-bps repo rate cut, giving much-needed relief to home and other loan borrowers who have long been waiting for their respective banks to slash rates. It, however, has to be seen how banks respond to RBI rate cut and whether they pass on this benefit

RBI Cuts Repo Rate by 25 bps: What should homebuyers do now?

In a widely-anticipated move, the Reserve Bank of India (RBI) has announced a 25-basis point (bps) reduction in the repo rate, marking a significant step to ease borrowing costs and stimulate economic growth. The decision, unveiled by RBI Governor Sanjay Malhotra on Friday, February 7, follows extensive deliberations by the Monetary Policy Committee (MPC). The

Amul to invest Rs 600 crore in Kolkata

Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF), known for its iconic Amul brand, has committed to investing Rs 600 crore to establish a state-of-the-art integrated dairy plant in Kolkata, West Bengal.  The plant will feature the world’s largest curd manufacturing facility with a production capacity of 10 lakh kilograms per day. This announcement was made

Petrol, Diesel Price Today 7 February 2025 in New Delhi, Lucknow, Mumbai, Rajkot and Jaipur

Petrol, Diesel Price Today 7 February 2025: Oil prices saw a bit surge in early Asian trading on Friday but continued on the path of a third consecutive weekly drop. The reason behind the drop was because of US President Donald Trump’s latest trade tensions with China and potential tariff hikes on other nations. As

Bharti Airtel surges 4% after Q3 results. Here’s what brokerages are saying…

Bharti Airtel’s share price has surged over 4% in the early trading hours after the telecom giant reported a strong earnings, with a net profit of Rs 16,134.6 crore in Q3FY25. As of 10:20 AM IST, Bharti Airtel’s share price was Rs 1,699.50, up 4.92% or 79.75 points today. The market capitalisation of the company