Goldman Sachs is expecting a healthy growth in revenue and Order Inflow growth of L&T, expecting 18 percent growth in its core revenue and 11 percent growth in its Revenue.
Business Highlights
The company had the highest Order inflow in Q3FY25 of Rs. 1,16,000 Crore, up 53 percent YoY, and their order book stood at Rs. 5,64,200 Crore, up 20 percent YoY. Out of the total Order book, 57.90 percent of orders received were domestic, and the rest, 42.09, were international orders.
Infrastructure accounted for 42 percent of the orders, followed by the Energy sector, services sectors, and high-tech manufacturing. India and the Middle East accounted for 84 percent of the total orders.
Goldman Sachs on L&T
Goldman Sachs anticipates a healthy Q4 performance for the company. It expects 18 percent (YoY) growth in core revenue, a 17 percent (YoY) increase in overall revenue, and order inflow growth of 11 percent, which will help the company beat its own guidance on revenue and orders. And the strong execution of its international order book will work as a key growth driver. On the margin front, the company may see a 30 basis points (bps) increase in Q4 YoY, and the overall core margin for FY25 will remain little changed.
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Financial Highlights
The company reported a 17.30 percent YoY increase in revenue from Rs. 55,128 Crore in Q3FY24 to Rs. 64,668 Crore in Q3FY25. On a QoQ basis, the company reported an increase of 5.05 percent in revenue from Rs. 61,555 Crore in the previous quarter.
Their Net profit saw an increase of 10.60 percent YoY from Rs. 3,593 Crore to Rs. 3,974 Crore for the same period. On a QoQ basis, the company reported a decrease of 3.04 percent in Net profit from Rs. 4,099 Crore in the previous quarter.
About the Company
Larsen & Toubro Limited (L&T) is India’s leading multinational conglomerate, specializing in engineering, construction, infrastructure, technology, manufacturing, and financial services. Founded in 1938 by Henning Holck-Larsen and Soren Kristian Toubro, the company is headquartered in Mumbai, India, and has a strong global presence across over 50 countries.
Written By Abhishek Das
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