This leading MNC conglomerate, which engages in engineering, construction, and manufacturing, is in focus after it bagged orders from India, Saudi Arabia, UAE, and Qatar worth up to Rs 5,000 crores
Price Movement
With a market capitalization of Rs 4,72,730 crore, the shares of Larsen and Toubro Ltd made a 52-week high of Rs 3,963.50 per share, down by 13 percent from its current market price of Rs 3,436.75 per share.
About the announcement
Larsen and Toubro Ltd. announced on Tuesday that it has bagged a large order for Power Transmission and Distribution Business both in India and abroad. Large segment has an order range of Rs 2,500-5,000 crore
In India, it will set up a 765kV gas-insulated substation (GIS) and construct a transmission line for power evacuation in western India. In Saudi Arabia, it has won orders to build two 380kV overhead lines, covering over 130 kilometers, to ensure reliable power supply to areas around Riyadh. It also secured turnkey projects for GIS installations in the UAE and Qatar, as well as ongoing projects in India and Oman.
This continued momentum in acquiring projects will increase the order book value of Larsen and Toubro, which in turn will boost investors’ confidence.
Financial Highlights
The company reported a revenue of Rs 64,667.78 crore in Q3 FY25, up by 17 percent, from its Q3 FY24 revenue of Rs 55,127.82 crore. It posted a net profit of Rs 3,974 crore in Q3 FY25, up by 10 percent, from its Q3 FY24 net profit of Rs 3,593 crores and down by 3 percent from its Q2 FY25 net profit of Rs 4,099 crores. As of Q3 FY25, the company has an order book of Rs 5,642 billion, up by 20 percent from its previous year.
About the Company
Larsen & Toubro Ltd is an Indian multinational that works in engineering, construction, and manufacturing. It builds infrastructure like buildings, transportation systems, and power distribution networks. It also provides services to the oil and gas industry, thermal power plants, and green energy projects. It manufactures critical equipment for industries like defense, aerospace, and nuclear energy. The company also offers IT services, financing, and develops infrastructure projects like toll roads and power generation.
Written by Satyajeet Mukherjee
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