Larsen & Toubro Ltd's Q3FY25 Quarterly Results

Result Summary

• Larsen & Toubro Ltd reported a 4.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 17.3%.
• Its expenses for the quarter were up by 5.6% QoQ and 17.8% YoY.
• The net profit decreased 3.0% QoQ and increased 10.6% YoY.
• The earnings per share (EPS) of Larsen & Toubro Ltd stood at 24.4 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Larsen & Toubro Ltd, commonly known as L&T, is a prominent Indian multinational engaged in technology, engineering, construction, manufacturing, and financial services. Known for its diverse range of offerings, L&T operates in various sectors, including infrastructure, power, heavy engineering, defense engineering, and information technology. The company has established a strong presence in India and overseas, with a reputation for executing large, complex projects. Recent developments include strategic business expansions and collaborations aimed at enhancing its capabilities in sectors such as renewable energy and digital solutions.

Revenue

For the quarter ending Q3FY25, Larsen & Toubro Ltd reported a total income of ₹65,635.65 crores. This represents a sequential increase of 4.8% compared to ₹62,655.85 crores in Q2FY25. On a year-over-year basis, total income grew by 17.3%, up from ₹55,965.57 crores in Q3FY24. The positive growth in revenue highlights the company's ability to drive sales and expand its business activities over the respective periods. This financial quarter demonstrates robust revenue performance, reflecting consistent upward trends in business operations.

Profitability

In Q3FY25, the company's profit before tax stood at ₹5,333.03 crores, showing a decrease of 4.0% from ₹5,555.09 crores in the previous quarter, Q2FY25. However, compared to the same quarter last year, Q3FY24, this represents an increase of 11.8% from ₹4,771.83 crores. The tax expense for Q3FY25 was ₹1,332.00 crores, which decreased by 7.6% QoQ but increased by 13.1% YoY. Consequently, the profit after tax was ₹3,973.98 crores, marking a decrease of 3.0% from Q2FY25 but an annual increase of 10.6% from Q3FY24. Earnings per share for the quarter were ₹24.40, reflecting a slight decline of 1.2% QoQ but a substantial YoY increase of 14.0% from Q3FY24's ₹21.40.

Operating Metrics

Larsen & Toubro Ltd's financial performance in Q3FY25 reflects various operating dynamics. Total expenses for the quarter were ₹60,302.62 crores, marking an increase of 5.6% from the prior quarter, Q2FY25, and a 17.8% rise from Q3FY24. This escalation in expenses aligns with the company's revenue growth, indicating ongoing investments in operations and projects. The financial ratios calculated, such as the P/E ratio, provide insight into the company's valuation and profitability metrics relative to its earnings. These figures suggest a focus on managing costs while supporting growth, maintaining a balance between income and expenditure throughout the quarter.