This large-cap stock engaged in EPC projects, hi-tech manufacturing, and services across multiple sectors, delivering innovative solutions in infrastructure, minerals, metals, and industrial development, in focus after securing orders worth up to Rs. 5000 crore from Hindalco for setting up a greenfield alumina refinery plant in Odisha.
Stock Price Movement:
With a market capitalization of Rs. 4,50,906.14 crore, the shares of Larsen and Toubro Limited were currently trading at Rs. 3,278.90 per equity share, rising nearly around 0.04 percent from its previous day’s close price of Rs. 3,277.75.
What Happened:
L&T Limited’s Minerals and Metals business has secured large orders worth up to Rs. 5,000 crore from Hindalco for setting up an 850 KTPA greenfield alumina refinery plant in Odisha. The scope of work includes engineering, procurement, construction, and installation.
The company has been a trusted partner of Hindalco for over 30 years, supporting its growth in alumina, aluminum, and copper. Additionally, L&T will build an 8 MTPA pellet plant for a leading Indian steel producer. These projects strengthen L&T’s leadership in EPC for steel plants and alumina refineries.
Orderbook and Business Highlights:
Larsen and Toubro achieved its highest-ever order inflow of Rs. 1,16,000 crore in Q3 FY25, a 53 percent YoY increase. The projects and manufacturing business secured Rs. 98,700 crore in orders, growing 64 percent YoY. The company’s total order stands at Rs. 5,64,200 crore as of December 2024.
L&T Energy Green Tech received approval for a 90,000 MTPA green hydrogen capacity under the PLI scheme, with benefits of Rs. 300 crores. LTIMindtree won deals worth USD 1.68 billion, while LTTS acquired Intelliswift for USD 110 million.
Future Outlook and Guidance
The company is confident in exceeding its 10 percent order inflow growth target for FY 2025, supported by a strong project pipeline. The company’s EBITDA margin for the projects and manufacturing segment is expected to remain steady at 8.2 percent for FY 2025.
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
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.
