L&T's Q2FY25 Results
L&T’s revenue grew 20% YoY
- 04 Nov 2024
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- L&T reported a 12% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter ended Sept (Q2FY25). On a year-on-year (YoY) basis, it witnessed a growth of 20%.
- Its expenses for the quarter were up by 11% QoQ and 21% YoY.
- The net profit grew 19% QoQ and 7% YoY.
- The earnings per share (EPS) of L&T stood at 24.7 during Q2FY25.
L&T's financial statements for Q2FY25:
| (₹, crores) | Q2FY24 | Q1FY25 | Q2FY25 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total income | 52,157 | 56,040 | 62,656 | 12% | 20% |
Total expenses | 47,166 | 51,364 | 57,101 | 11% | 21% |
Profit before tax | 4,991 | 4,677 | 5,555 | 19% | 11% |
Tax | 1,136 | 1,237 | 1,442 | 17% | 27% |
Profit after tax | 3,846 | 3,445 | 4,099 | 19% | 7% |
Earnings per share | 22.9 | 20.3 | 24.7 |
Financials:
- Order Inflow: ₹800 billion, with a sequential growth of 13%.
- Order Book: Reached ₹5,104 billion, setting a new milestone.
- Revenue: ₹616 billion, up 21% year-over-year.
- P&M Margin: 7.6%, an increase of 20 basis points year-over-year.
- NWC to Sales: 12.2%, showing a sequential improvement of 170 basis points.
- Free Cash Flow: Strong at ₹68 billion.
- Return on Equity (ROE): 16.1%, an increase of 140 basis points quarter-over-quarter and 80 basis points year-over-year.
Management Commentary:
S.N. Subrahmanyan, Chairman and Managing Director:
- Strong Performance: Despite global economic volatility, the company delivered another quarter of strong financial results.
- Project and Manufacturing Success: The projects and manufacturing segments continue to perform well.
- Record Order Book: Achieved a record order book of over ₹5 lakh crore, showcasing their expertise in engineering, construction, manufacturing, and project management.
- Transformative Investments: New investments in Green Energy, Data Centers, Digital Platforms, and Semiconductor Design will enhance their Digital and Sustainability initiatives, complementing their existing business portfolio.
- India's Growth: Confident in India’s growth trajectory, driven by ongoing public capital expenditure and a recovery in private investments.
- Middle East Capex: Expect strong capex momentum in the Middle East to continue.
- Commitment to Growth: The company remains dedicated to delivering sustained growth and performance
Data Source: BSE, Company announcements
The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
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