This large-cap stock engaged in EPC projects, high-tech manufacturing, and services across various sectors, offering innovative solutions in infrastructure, minerals, metals, and industrial growth, jumped 2 percent after securing multiple orders worth up to Rs. 5,000 crore for its Power Transmission and Distribution Business.
Stock Price Movement:
With a market capitalization of Rs. 4,40,874.23 crores, the share of Larsen and Toubro Limited has reached an intraday high of Rs. 3226.90 per equity share, rising nearly around 1.96 percent from its previous day’s close price of Rs. 3164.75. Since then, the stock has retreated and is currently trading at Rs. 3205.95 per equity share.
What happened:
Larsen and Toubro (L&T) has secured multiple orders worth up to Rs. 5,000 crore for its Power Transmission & Distribution (PT&D) business in India and overseas. In India, the company received an order to develop 765 kV and 400 kV transmission lines for a renewable energy zone in Uttar Pradesh. Additionally, it won a turnkey contract for a 400kV transmission line to evacuate power from a non-fossil fuel-based power plant in southern India.
Internationally, L&T secured an order in Saudi Arabia for a 380 kV gas-insulated substation (GIS) with associated reactors and hybrid GIS bays. In Abu Dhabi, it received a contract for a 220/33 kV grid station. These projects highlight L&T’s strong presence in power infrastructure and its commitment to supporting renewable energy expansion.
Orderbook and Business Highlights:
Larsen & Toubro recorded its highest-ever order inflow of Rs. 1,16,000 crore in Q3 FY25, marking 53 percent year-on-year growth. The projects and manufacturing division secured Rs. 98,700 crore in new orders, reflecting a 64 percent increase compared to the previous year. As of December 2024, the company’s total order book stands at Rs. 5,64,200 crore.
L&T Energy Green Tech received approval for a 90,000 MTPA green hydrogen production capacity under the PLI scheme, with incentives worth Rs. 300 crore. LTIMindtree secured contracts totaling USD 1.68 billion, while LTTS completed the acquisition of Intelliswift for USD 110 million.
Future Outlook and Guidance
The company is optimistic about surpassing its 10 percent order inflow growth target for FY 2025, backed by a solid project pipeline. It expects the EBITDA margin for its projects and manufacturing segment to remain stable at 8.2 percent for the fiscal 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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