Larsen & Toubro Q3FY25 net profit grows 13.9% YoY to Rs 3,359 cr, secures record orders
Mumbai: Larsen & Toubro (L&T) announced a consolidated net profit of Rs 3,359 crore for Q3FY25, reflecting a 13.9% increase from Rs 2,947.36 crore in the same period last year, media reports said.
The company reported a consolidated revenue of Rs 64,668 crore for the quarter ending December 31, 2024, marking a 17.3% year-on-year (YoY) growth from Rs 55,127.82 crore, reported Business Standard.
The revenue boost was primarily driven by a strong order book and increased momentum in execution across L&T's Projects & Manufacturing (P&M) divisions.
Sequentially, the revenue grew by 5% from Rs 61,554.58 crore in the previous quarter.
International revenues amounted to Rs 32,764 crore, constituting 51% of total revenues, reflecting stronger performance in the international P&M portfolio.
Consolidated expenses for Q3FY25 stood at Rs 60,302.62 crore, up 17.8% YoY from Rs 51,193.74 crore, while sequentially, expenses grew slightly by 5.6% from Rs 57,100.76 crore.
In terms of orders, L&T secured Rs 1,16,036 crore in new orders during the quarter, a 53% YoY increase.
As of December 31, 2024, the company's consolidated order book reached a record Rs 5,64,223 crore, reflecting a 19% growth from March 2024, with international orders accounting for 42% of the backlog.
For the nine months ending December 31, 2024, L&T's consolidated revenues amounted to Rs 181,342 crore, marking an 18% YoY growth, with international revenues reaching Rs 91,070 crore, contributing 50% of the total.
S N Subrahmanyan, Chairman and Managing Director, expressed satisfaction with the results, noting that the quarter ended strongly with the company achieving its highest-ever quarterly order inflow, propelling its order book to record levels.
Looking forward, L&T expects the upcoming Union Budget to emphasize infrastructure development, technology adoption, skill enhancement, and energy transition, which could further accelerate economic momentum.
West Asia continues to be a key market, with L&T focusing on investments in both physical and digital infrastructure, along with oil and gas asset monetization.
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