Bluechip stock which is one of the leading players in domestic and overseas Markets, for providing EPC Solutions across various sectors jumped upto 5 percent in the day’s trade upon receiving new work orders worth upto Rs. 10,000 Crores.
Price Action
With a market capitalization of Rs. 4,72,394 Crores, the shares of Larsen & Toubro Limited were trading at Rs. 3,435.60 per equity share, up 5 percent from the previous day’s close price of Rs. 3,287.25.
What Happened
Larsen & Toubro Limited’s Minerals & Metals division has received a new major work order from a prestigious client in the Middle East & North Africa region for setting up a Pellet Plant and a Direct Reduction of Iron (DRI) Plant encompassing engineering, supply, erection and construction works based on globally acclaimed technologies for a consideration ranging Rs. 5,000-10,000 Crores.
Larsen & Toubro Limited’s Minerals & Metals division offers world-class end-to-end solutions in the EPC domain across sectors such as mining, minerals processing, industrial products, and metallurgical plants.
About the Company
Larsen & Toubro Limited is a multinational conglomerate operating in over 50 countries, it is primarily engaged in providing engineering, procurement, and construction (EPC) solutions across major sectors such as Hydrocarbon, Power, Infrastructure, Information Technology, Defence, and Financial Services in domestic and international markets.
Robust Orderbook
Larsen & Toubro Limited has a strong order book worth Rs. 5,642 Billion, of which International orders are 42 percent (Rs. 2375 Billion) and Domestic orders are 57.9 percent (Rs. 3267 Billion).
The segmental order breakup is as follows Infrastructure projects 64 percent, Energy 26 percent, Hi-Tech manufacturing 7 percent, and others 3 percent. As per the geography, 58 percent are domestic projects, 35 percent in the Middle East, and 7 percent from rest of the world.
As for the revenue breakdown, It generates 50 percent of its revenue from the Infrastructure segment, 27 percent from services, 17 percent from energy, 4 percent from Hi-Tech manufacturing, and 3 percent from other segments.
Financials
Its Revenue from operations grew by 17 percent YoY from Rs. 55,128 Crores in Q3FY24 to Rs. 64,668 Crores in Q3FY25, accompanied by profits of Rs. 3,593 Crores to Rs. 3,974 Crores.
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
