This Bluechip’s Infra stock which deals in the business of providing EPC solutions in sectors such as Infrastructure, Power, Hydrocarbon, Defence, and others surged 5 percent after reporting results with an order book up 20% YoY to Rs. 5,64,223 crore.
Share Price Movement
In Friday’s trading session, the share price of Larsen & Toubro touched a day’s high of Rs. 3,588.85 per share which is up by 4.94 percent. The stock reiterated from the day’s high and was trading at Rs. 3,553.70 per share which is 3.92 percent higher than the previous closing price of Rs. 3,419.80 per share. The stock has delivered a return of 2 percent in the past year thus underperforming the Nifty Index.
What happened
The company’s stock surged after reporting Q3FY25 results with an order book update. As of Q3FY25, the total order book stands at Rs.5,64,223 crore, up 20 percent year on year. Out of this, 58 percent is from India, 35 percent from the Middle East and the remaining 7 percent is from the rest of the world. 64 percent of this includes infrastructure, 26 percent from energy, 7 percent from Hi-Tech Manufacturing, and 3 percent from others.
In Q3FY25, the order inflow for the Energy segment grew by 192 percent, the Hi-Tech Manufacturing segment grew by 312 percent, Development Projects grew by 18 percent, Realty grew by 109 percent and Other Businesses grew by 12 percent.
Management Guidance
The Management is confident to achieve the guidance which indicates that the order inflow is expected to grow at 10 percent for the current financial year, with margins of around 8.2 percent, and revenue of 15 percent.
Financials & Ratios
In its Q3FY25 financial results, L&T reported revenue of Rs.64,667.78 crore, a 17.30 percent increase from Rs.55,127.82 crore in the same quarter of the previous year. The Profit After Tax grew by 11.76 percent to Rs.4,771.83 crore, up from Rs.5,555.09 crore in the same quarter of the previous year.
The debt-to-equity ratio for Q3FY25 stood at 1.18 times, The Net Profit Margin stood at 6.15 percent, Operating Margin declined to 9.67 percent.
Company Profile
Larsen & Toubro Limited is a major Indian multinational conglomerate engaged in the business of engineering, technology, manufacturing, and construction. With operations in over 50 countries, they offer integrated solutions across key sectors such as hydrocarbon, infrastructure, and defence.
Written by – Santhosh S
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