This large-cap company works on EPC projects, high-tech manufacturing, and services, providing innovative solutions for infrastructure, minerals, metals, and industrial development, in focus after securing multiple orders worth up to Rs. 2,500 crore for its Building and Factories division
Stock Price Movement:
With a market capitalization of Rs. 4,45,439.81 crores, the share of Larsen and Toubro Limited has reached an intraday high of Rs. 3,245 per equity share, rising nearly around 1 percent from its previous day’s close price of Rs. 3,213.30. Since then, the stock has retreated and is currently trading at Rs. 3,239.15 per equity share.
What happened
Larsen and Toubro Limited’s Building and Factories division has secured major orders from a well-known developer to build luxury residential towers in Mumbai, Bangalore, and Chennai. The order is valued up to Rs. 2,500 crore.
The Mumbai project includes two ultra-luxury high-rise towers reaching up to 273 meters with 51 or 57 floors. In Bangalore, L&T will construct 14 luxury towers, each with 27 or 28 floors, followed by a Chennai project involving 25 luxury towers, each with 14 floors. These projects will be completed within strict timelines.
Orderbook and Business Highlights:
Larsen & Toubro (L&T) achieved its highest-ever order inflow of Rs. 1,16,000 crore in Q3 FY25, a 53 percent increase from last year. The projects and manufacturing division won new orders worth Rs. 98,700 crore, growing 64 percent year-on-year. By December 2024, L&T’s total order book reached Rs. 5,64,200 crore.
L&T Energy Green Tech got approval for a 90,000 MTPA green hydrogen project under the PLI scheme, with Rs. 300 crore in incentives. LTIMindtree secured contracts worth $1.68 billion, while LTTS acquired Intelliswift for $110 million.
Future Outlook and Guidance:
L&T is confident of exceeding its 10 percent order inflow growth target for FY25, supported by a strong project pipeline. The company expects its projects and manufacturing segment to maintain a stable EBITDA margin of 8.2 percent for the year.
Recent quarter results:
Larsen and Toubro Limited’s revenue has increased from Rs. 55,128 crore in Q3 FY24 to Rs. 64,668 crore in Q3 FY25, which has grown by 17.31 percent. The net profit has also grown by 10.61 percent from Rs. 3,593 crore in Q3 FY24 to Rs. 3,974 crore in Q3 FY25.
Written By – Nikhil Naik
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