L&T’s Q1FY25 Quarter Results
L&T’s revenue grew 14% YoY
- 25 Jul 2024
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- L&T reported 18% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter ended June (Q1FY25). On a year-on-year (YoY) basis, it witnessed a growth of 14%.
- Its expenses for the quarter were down by 17% QoQ and up by 15% YoY.
- The net profit decreased by 31% QoQ and grew 11% YoY.
- The earnings per share (EPS) of L&T stood at 20.3 during Q1FY25.
L&T’s Financial Statements for Q1FY25:
| (Rs crores) | Q1FY24 | Q4FY24 | Q1FY25 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total income | 49,028 | 68,120 | 56,040 | -18% | 14% |
Total expenses | 44,696 | 61,792 | 51,364 | -17% | 15% |
Profit before tax | 4,332 | 6,422 | 4,677 | -27% | 8% |
Tax | 1,216 | 1,418 | 1,237 | -13% | 2% |
Profit after tax | 3,096 | 5,013 | 3,445 | -31% | 11% |
Earnings per share | 17.7 | 32.0 | 20.3 |
Financials:
- EBITDA: ₹5,615 crore, reflecting a 15% year-on-year increase.
- EBITDA Margins: 10.2% for the same period.
- Profit After Tax (PAT): ₹2,786 crore for the June quarter, a 12% increase from ₹2,493 crore in the same quarter last year.
- Revenue from Operations: ₹55,120 crore, up 15% year-on-year.
- International Revenues: ₹26,248 crore, constituting 48% of the total revenues for the quarter.
- Revenue from Operations (Detailed): ₹55,119.82 crore, up 15.1% compared to ₹47,882.37 crore in the previous financial year's first quarter.
Management commentary:
Mr T Madhava Das, full-time director & Sr Executive Vice President (Utilities) – L&T, said:
“The successive order wins stand testimony to our proven engineering and project management capabilities to meet the requirements in terms of plant performance, workforce mobilisation, safety, quality and timeline. We cherish this level of customer trust.”
The key points are derived from SN Subrahmanyan, Chairman and Managing Director, L&T.
- Despite global geopolitical challenges, steady growth was achieved across all financial parameters in Q1 FY 2024-25.
- Well-positioned to seize opportunities from global transformational shifts, leveraging expertise in both traditional P&M business and technology-driven new-age businesses.
- Significant transformation in the Financial Services portfolio, successfully shifting towards Retail Finance with improved profitability.
- Recent entry into a share purchase agreement with SiliConch Systems, a Bengaluru-based chip design company, to enhance presence in the Semiconductor sector.
Data Source: BSE, Company announcements
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