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Larsen and Toubro Ltd

LT

Larsen and Toubro Ltd

LT
IndustrialsConstruction & Engineering
LargecapWith a market cap of ₹5,21,160 cr, stock is ranked 11
Moderate RiskStock is 2.02x as volatile as Nifty
3,789.900.00% (+0.00)
3,789.900.00% (+0.00)

Price Chart

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1D
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1M
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Max
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IndustrialsConstruction & Engineering
LargecapWith a market cap of ₹5,21,160 cr, stock is ranked 11
Moderate RiskStock is 2.02x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

IndustrialsConstruction & Engineering
LargecapWith a market cap of ₹5,21,160 cr, stock is ranked 11
Moderate RiskStock is 2.02x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
38.535.080.90%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
50.667.190.53%

Forecast & Ratings

Detailed Forecast 
88%
Analysts have suggested that investors can buy this stock

from 34 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Larsen & Toubro Limited is a technology, engineering, construction, manufacturing and financial services company.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 10.32%, vs industry avg of 8.84%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 43.94% to 46.92%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 7.96%, vs industry avg of 27.25%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue1,02,121.051,11,058.351,21,442.841,37,920.901,48,467.831,47,646.301,58,885.241,86,946.182,25,385.382,42,896.74
Raw Materialssubtract35,320.1936,648.5440,876.2446,889.8746,705.8741,333.8651,676.5563,285.3275,319.992,08,087.17
Power & Fuel Costsubtract1,243.451,423.191,399.622,205.602,079.841,581.332,267.262,655.762,526.75
Employee Costsubtract13,330.8413,853.9715,270.7917,466.4023,114.0024,750.5429,695.7937,214.1141,171.02
Selling & Administrative Expensessubtract5,157.514,276.794,583.275,083.675,266.743,047.153,581.204,658.985,133.74
Operating & Other expensessubtract30,364.0336,769.9137,736.6540,708.9343,732.8145,361.9344,986.5449,075.2967,522.27
Depreciation/Amortizationsubtract1,786.732,369.932,223.481,923.032,462.272,904.212,947.953,502.253,682.333,963.71
Interest & Other Itemssubtract6,898.686,828.667,713.639,338.7311,020.7811,749.589,234.989,445.449,512.179,420.45
Taxes & Other Itemssubtract3,738.942,846.134,269.305,399.544,536.495,334.775,825.646,638.317,458.007,900.92
EPS30.6743.2052.6363.5268.0582.4961.7174.5193.9598.38
DPS12.179.3316.0018.0018.0036.0022.0024.0034.0028.00
Payout ratio0.400.220.300.280.260.440.360.320.360.28

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2019

Annual report

PDF

Investor Presentation

May 11PDF
FY 2020

Annual report

PDF

Investor Presentation

Jun 17PDF
Jan 29PDF
Oct 30PDF
Jul 31PDF
FY 2021

Annual report

PDF

Investor Presentation

Feb 2PDF
Nov 24PDF
Nov 4PDF
Jul 24PDF
FY 2022

Annual report

PDF

Investor Presentation

Sep 6PDF
 

Peers & Comparison

Comparing 3 stocks from 
IndustrialsConstruction & Engineering

Loading...

StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Larsen and Toubro Ltd39.915.080.90%
GMR Airports Ltd-158.38-104.06—
IRB Infrastructure Developers Ltd56.262.480.53%
KEC International Ltd95.228.060.31%

Price Comparison

Compare LT with any stock or ETF
Compare LT with any stock or ETF
LT
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Decreased Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has decreased by 1.14%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding0.00%19.14%21.43%21.71%37.71%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep25.30%25.71%25.16%24.36%22.85%21.71%

Mutual Funds Holding Trend

Increased Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has increased by 1.01%

Top 5 Mutual Funds holding Larsen and Toubro Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
ICICI Prudential Bluechip Fund - Growth - Direct Plan

Growth
0.7927%6.49%0.14%4/90 (0)
HDFC Balanced Advantage Fund - Growth - Direct Plan

Growth
0.4502%2.47%-0.11%7/299 (+1)
SBI Blue Chip Fund - Growth - Direct Plan

Growth
0.4308%4.45%-0.16%5/57 (0)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Larsen and Toubro Ltd

Events

Dividend Trend

No Trend In Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

LT has shown inconsistent dividend trend over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.90%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹8.97 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateJun 20, 2024

Final
Final | Div/Share: ₹28.00

Dividend/Share

₹28.00

Ex DateEx Date

Jun 20, 2024

Cash Dividend

Ex DateEx DateAug 2, 2023

Final
Final | Div/Share: ₹24.00

Dividend/Share

₹24.00

Ex DateEx Date

Aug 2, 2023

Cash Dividend

Ex DateEx DateAug 2, 2023

Special
Special | Div/Share: ₹6.00

Dividend/Share

₹6.00

Ex DateEx Date

Aug 2, 2023

Cash Dividend

Ex DateEx DateJul 21, 2022

Final
Final | Div/Share: ₹22.00

Dividend/Share

₹22.00

Ex DateEx Date

Jul 21, 2022

Cash Dividend

Ex DateEx DateJul 28, 2021

Final
Final | Div/Share: ₹18.00

Dividend/Share

₹18.00

Ex DateEx Date

Jul 28, 2021

News & Opinions
Corporate
Larsen & Toubro acquires 15% stake in E2E Networks

Larsen & Toubro has completed acquisition of 15% stake in E2E Networks via preferential allotment on 04 December 2024. The secondary acquisition of 6% from the promoter of E2E Networks is expected to be completed on or before 30 May 2025.Powered by Capital Market - Live

12 hours agoCapital Market - Live
Corporate
Larsen & Toubro receives ratings action from India Ratings and Research

Larsen & Toubro announced that India Ratings and Research has affirmed / assigned 'IND AAA/Stable' rating for the Non-Convertible Debentures of the Company. India Ratings and Research has also affirmed 'IND A1+' rating for the Commercial Papers of the Company. Powered by Capital Market - Live

6 days agoCapital Market - Live
Corporate
L&T Energy CarbonLite Solutions wins LNTP orders from NTPC for setting up two thermal power plants

L&T Energy CarbonLite Solutions has secured 'Limited Notice to Proceed' (LNTP) from NTPC for setting up thermal power plants in Madhya Pradesh and Bihar. The orders pertain to main plant packages of 2x800 MW Stage-II thermal power plant at Gadarwara in Madhya Pradesh and 3x800 MW Stage-II thermal power plant at Nabinagar in Bihar. The scope of work involves design, engineering, manufacturing, supply, erection and commissioning of boilers, turbines, electrostatic precipitators (ESP), auxiliaries, along with the related mechanical, electrical, instrumentation and civil works. The orders are valued above Rs 15,000 crore according to the company's classification for ultra-mega projects. Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
Larsen & Toubro announces strategic partnership with E2E Networks

Larsen & Toubro has announced a strategic partnership with E2E Networks, an Indian Cloud and AI Cloud provider. The partnership is a significant step towards the adoption of GenAI solutions in India to foster a fundamental shift in the way Accelerated Computing on Cloud is used by Indian organisations. The transformative journey for organisations in AI adoption is a fundamentally different approach to implementing GenAI software solutions using Cloud GPUs to utilise an organisation's deep learnings to deploy and evolve production-grade selfadapting AI Software. L&T will also acquire a 21% equity stake in E2E Networks through a combination of primary and secondary transactions. Under this alliance, L&T will integrate E2E Networks' Cloud and AI Cloud platform with its expertise in data center management and cloud solutions towards empowering startups, and enterprises. The collaboration aims to accelerate digital transformation for a diverse range of industries, fostering a technology-driven, sustainable future for India. Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Spotlight
L&T to acquire upto 21% stake in E2E Networks for Rs 1,407 crore

E2E Networks is an cloud company offering public cloud services to its customers. E2E Networks specializes in providing CPU and GPU-based cloud computing platforms, to help its customers carry out large scale general and AI-workloads by leveraging its relationship with NVIDIA. It had recorded a turnover of Rs 94.49 crore in FY 2023-24. Offering the rationale for the said acquisition, L&T said that the acquisition is complementary for market approach in the fast-growing areas of AI and cloud services. Along with the acquisition, the company also proposes to enter into a software license agreement, reseller agreement and co-location agreement with E2E Networks. L&T would acquire a total of 41,71,410 equity shares (comprising of an aggregate 21% of the capital) of E2E Networks. The investment would take the form of preferential allotment for 15% stake in E2E Networks, comprising of 29,79,579 equity shares of E2E Networks, for Rs 1,079.27 crore at Rs 3,622.25 per share. The investment would also involve a secondary acquisition of 6% stake, comprising of 11,91,831 equity shares in E2E Networks from the founder for Rs 327.75 crore at Rs 2,750 apiece. 'The company will not acquire control in E2E Networks pursuant to the proposed acquisition and will be a minority shareholder with certain protective rights,' L&T said in a statement. Larsen & Toubro (L&T) is an Indian multinational engaged in EPC Projects, hi-tech manufacturing and services. It operates in over 50 countries worldwide. A strong, customer'focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades. The company reported 5.36% increase in consolidated net profit to Rs 3,395.29 crore in Q2 FY25 on 20.64% jump in revenue from operations to Rs 61,554.58 crore in Q2 FY25 over Q2 FY24. The scrip shed 0.53% to currently trade at Rs 3554.50 on the BSE. Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Corporate
Larsen & Toubro to acquire 21% stake in E2E Networks

Larsen & Toubro has entered into an investment agreement on 05 November 2024 for acquisition of up to 21% stake in E2E Networks. E2E Networks specializes in providing CPU and GPU-based cloud computing platforms, to help its customers carry out large scale general and AI-workloads by leveraging its relationship with NVIDIA. The acquisition is complementary for market approach in the fast-growing areas of AI and cloud services. Along with the acquisition, the Company also proposes to enter into a software license agreement, reseller agreement and co-location agreement with E2E Networks. Pursuant to the acquisition, the Company will also have the right to nominate upto 2 (two) directors on the board of directors of E2E Networks and will also have certain rights and obligations in relation to transfer of equity shares of E2E Networks by Tarun Dua and Srishti Baweja (promoters of E2E Networks). Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Market Overview
Nifty settles below 24,250; IT shares underperforms

The headline indices ended with moderate losses on Thursday. The Nifty settled below the 24,250 mark. Media, pharma and healthcare shares advanced while IT, consumer durables and FMCG shares declined. Trading was volatile due to weekly F&O series expiry today. As per provisional closing, the S&P BSE Sensex, tumbled 553.12 points or 0.69% to 79,389.06. The Nifty 50 index declined 135.50 points or 0.56% to 24,205.35. In the broader market, the S&P BSE Mid-Cap index fell 0.34% and the S&P BSE Small-Cap index added 1.62%. The market breadth was positive. On the BSE, 2,662 shares rose and 1,255 shares fell. A total of 109 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.35% to 15.57. Both, BSE and NSE will conduct the Muhurat trading session on Friday, 1 November, from 6:00 pm to 7:00 pm. While markets remain closed during the day, this evening session allows investors to make token investments, following a long-standing custom of trading during Diwali. Buzzing Index: The Nifty IT index lost 3.03% to 40,407.55. The index declined 3.58% in two trading sessions. Tech Mahindra (down 4.46%), Persistent Systems (down 4.45%), HCL Technologies (down 4.21%), Mphasis (down 4.16%), L&T Technology Services (down 4.11%), Tata Consultancy Services (down 2.93%), Infosys (down 2.54%), Wipro (down 2.24%), LTIMindtree (down 1.42%) and Coforge (down 1.36%) slipped. Stocks in Spotlight: Larsen & Toubro (L&T) jumped 6.14% after the company reported 5.36% increase in consolidated net profit to Rs 3,395.29 crore in Q2 FY25 on 20.64% jump in revenue from operations to Rs 61,554.58 crore in Q2 FY25 over Q2 FY24. Cipla surged 9.58% after the drug maker the US drug regulator classified the manufacturing facility in Goa as voluntary action indicated (VAI). The United States Food and Drug Administration (USFDA) conducted routine current Good Manufacturing Practices (cGMP) inspection at Goa manufacturing facility from 10 to 21 June 2024. On conclusion, the company had received 6 inspectional observations in Form 483. Tata Power Company advanced 3.09% after the company's consolidated net profit increased 7.44% to Rs 1,093.08 crore despite of 0.26% increase in revenue from operations to Rs 15,697.67 crore in Q2 FY25 over Q2 FY24. Biocon fell 1.45% after the company reported a consolidated net loss of Rs 16 crore in Q2 FY25 as against a net profit of Rs 126 crore in Q2 FY24. Revenue from operations rose by 4% year-over-year (YoY) to Rs 3,590 crore during the quarter. DCM Shriram shed 0.71%. The company reported consolidated net profit surged 95.16% to Rs 62.92 crore on 10.79% rise in total revenue from operations to Rs 3,130.09 crore in Q2 FY25 over Q2 FY24. Prudent Corporate Advisory Services soared 16.25% after the company's consolidated net profit climbed 69.36% to Rs 51.52 crore on 50.54% jump in revenue from operations to Rs 286.08 crore in Q2 FY25 over Q2 FY24. Protean eGov Technologies declined 1.66% after the company's consolidated net profit declined 14.46% to Rs 28.04 crore on 6.75% fell in revenue from operations to Rs 219.70 crore in Q2 FY25 over Q2 FY24. Automotive Axles rose 0.69%. The company's standalone net profit declined 20.20% to Rs 35.97 crore on 15.35% decrease in revenue from operations to Rs 494.68 crore in Q2 September 2024 over Q2 September 2023. Global Markets: The US Dow Jones index futures are currently down by 209 points, signaling a weak opening for US stocks today. European market declined as investors look assessed the latest euro zone inflation data and latest key earnings from the region. Euro zone inflation rose to 2% in October, higher than September's 1.7% reading. The figures will inform the European Central Bank on the trajectory of expected interest rate cuts. Asian stocks ended lower on Thursday as investors look to the Bank of Japan's rate decision, as well as key business activity figures from China. The BOJ held its benchmark policy rate at 0.25%, unchanged from the previous meeting. The bank released a two-line statement simply stating the decision, with no clues on the timing of its next rate hike. In China, the country's manufacturing purchasing managers index flipped into expansion territory for the first time since April, with the National Bureau of Statistics revealing the manufacturing PMI came in at 50.1. In the US, stocks rallied on Wednesday, with the tech-heavy Nasdaq Composite reaching a new record high, driven by strong earnings from Alphabet. The Dow Jones Industrial Average gained 0.51%, the S&P 500 rose 0.29%, and the Nasdaq Composite climbed 0.24%. Economic data released on Wednesday showed that the US economy grew at an annual rate of 2.8% in the third quarter, supported by consumer spending and government expenditure. However, this was a slowdown from the second quarter's 3% pace. Additionally, US private payrolls surged by 233,000 jobs in October, exceeding expectations. Market participants are cautiously looking ahead to a crucial week, which includes the release of US non-farm payrolls data on Friday, the presidential election next Tuesday, and a Federal Reserve policy decision next Thursday. Gold prices continued to climb, reaching a new record high.Powered by Capital Market - Live

1 month agoCapital Market - Live
Live Market Update
Barometers trade lower amid monthly expiry; IT shares tumble

The key equity benchmarks traded with deep cuts in afternoon trade. The Nifty hovered below the 24,250 mark. IT, consumer durables and FMCG shares declined while Pharma and media shares advanced. Trading could be volatile due to monthly F&O series expiry today. At 13:28 IST, the barometer index, the S&P BSE Sensex, declined 502.95 points or 0.63% to 79,436.23. The Nifty 50 index fell 131.40 points or 0.54% to 24,209.45. In the broader market, the S&P BSE Mid-Cap index fell 0.85% and the S&P BSE Small-Cap index rose 0.89%. The market breadth was strong. On the BSE, 2,419 shares rose and 1,389 shares fell. A total of 130 shares were unchanged. Both, BSE and NSE will conduct the Muhurat trading session on Friday, 1 November, from 6:00 pm to 7:00 pm. While markets remain closed during the day, this evening session allows investors to make token investments, following a long-standing custom of trading during Diwali. Gainers & Losers: Cipla (up 9.87%), Larsen & Toubro (up 6.58%), Dr Reddy Laboratories (up 2.10%), Hepr Motocorp (up 2.07%) and ONGC (up 1.39%) were major Nifty gainers. Cipla surged 9.87% after the drug maker the US drug regulator classified the manufacturing facility in Goa as voluntary action indicated (VAI). The United States Food and Drug Administration (USFDA) conducted routine current Good Manufacturing Practices (cGMP) inspection at Goa manufacturing facility from 10 to 21 June 2024. On conclusion, the company received 6 inspectional observations in Form 483. Larsen & Toubro (L&T) jumped 6.58% after the company reported 5.36% increase in consolidated net profit to Rs 3,395.29 crore in Q2 FY25 on 20.64% jump in revenue from operations to Rs 61,554.58 crore in Q2 FY25 over Q2 FY24. Tech Mahindra(down 3.87%), HCL Technologies (down 3.08%), Shriram Finance (down 2.87%), Tata Consultancy Service (TCS) (down 2.51%) and Infosys (down 2.40%) were major Nifty losers. Stocks in Spotlight: Biocon fell 2.84% to Rs 311.70 after the company reported a consolidated net loss of Rs 16 crore in Q2 FY25 as against a net profit of Rs 126 crore in Q2 FY24. Revenue from operations rose by 4% year-over-year (YoY) to Rs 3,590 crore during the quarter. Tata Power Company advanced 1.84% to Rs 435 after the company's consolidated net profit increased 7.44% to Rs 1,093.08 crore despite of 0.26% increase in revenue from operations to Rs 15,697.67 crore in Q2 FY25 over Q2 FY24. DCM Shriram gained 2.09% to Rs 1,068.90 after the company reported consolidated net profit surged 95.16% to Rs 62.92 crore on 10.79% rise in total revenue from operations to Rs 3,130.09 crore in Q2 FY25 over Q2 FY24. Global Market: The US Dow Jones index futures are currently down by 63 points, signaling a negative opening for US stocks today. European market declined as invetors look ahead to the euro zone inflation data. Asian stocks traded mixed on Thursday as investors look to the Bank of Japan's rate decision, as well as key business activity figures from China. The BOJ held its benchmark policy rate at 0.25%, unchanged from the previous meeting. The bank released a two-line statement simply stating the decision, with no clues on the timing of its next rate hike. In China, the country's manufacturing purchasing managers index flipped into expansion territory for the first time since April, with the National Bureau of Statistics revealing the manufacturing PMI came in at 50.1. In the US, stocks rallied on Wednesday, with the tech-heavy Nasdaq Composite reaching a new record high, driven by strong earnings from Alphabet. The Dow Jones Industrial Average gained 0.51%, the S&P 500 rose 0.29%, and the Nasdaq Composite climbed 0.24%. Economic data released on Wednesday showed that the US economy grew at an annual rate of 2.8% in the third quarter, supported by consumer spending and government expenditure. However, this was a slowdown from the second quarter's 3% pace. Additionally, US private payrolls surged by 233,000 jobs in October, exceeding expectations. Market participants are cautiously looking ahead to a crucial week, which includes the release of US non-farm payrolls data on Friday, the presidential election next Tuesday, and a Federal Reserve policy decision next Thursday. Gold prices continued to climb, reaching a new record high.Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
L&T rallies after Q2 PAT jumps 5% YoY to Rs 3,395 cr

Growth in revenue aided by an accelerated progress in the various businesses in Projects & Manufacturing (P&M) portfolio. Profit before tax (PBT) increased 11.3% YoY to Rs 5,555.09 crore during the quarter. The company received orders of Rs 80,045 crore at the group level during the quarter ended September 30, 2024, registering a sequential growth of 13% and a y-o-y degrowth of 10%. During the quarter, multi-geography orders were received across different segments like Renewables, Transmission & Distribution, Roads & Runways, Urban Transit, Nuclear Power, Hydel & Tunnel, Minerals & Metals, Factories, Precision Engineering and the Offshore vertical of Hydrocarbon business. International revenues during the quarter at ₹ 32,057 crore constituted 52% of the total revenues, largely reflective of a robust international P&M order book. International orders at Rs 50,083 crore during the quarter comprised 63% of the total order inflow. The consolidated order book of the group as on September 30, 2024, is at Rs 510,402 crore registers a growth of 7% over March 2024, with the share of international orders at 40%. In Infrastructure projects segment posted revenues of Rs 31,954 crore during the quarter, registering a strong y-o-y growth of 30%, aided by improved progress across various projects. International revenues constituted 45% of the total customer revenues of the segment during the quarter. The segment secured order inflow of Rs 49,522 crore, during the quarter ended September 30, 2024, registering a substantial growth of 77% on y-o-y basis aided by orders in transmission & distribution and Renewable Energy. The segment order book stood at Rs 342,954 crore as on September 30, 2024, with the share of international orders at 32% Revenue from Energy projects jumped 31% YoY to Rs 8,873 crore in Q2 FY25. International revenues constituted 69% of the total customer revenues of the segment during the quarter. The segment secured orders valued at Rs 7,759 crore during the quarter ended September 30, 2024. International order inflow constituted 83% of the total order inflow during the quarter. The segment order book was at Rs 117,154 crore as on September 30, 2024, with the international order book constituting 77%. The Hi-tech Manufacturing segment achieved customer revenues of Rs 2,063 crore in Q2 Fy25, registering a growth of 9% YoY, with peak execution ramp-up in certain jobs of the Precision Engineering & Systems business. International revenues constituted 15% of the total customer revenues of the segment during the quarter. The segment secured orders valued at Rs 3,920 crore during the quarter ended September 30, 2024, registering a robust growth of 64% over the previous year. Export orders constituted 37% of the total order inflow of the segment during the quarter. The order book of the segment was at Rs 35,611 crore as on September 30, 2024, with the share of export orders at 10%. The IT & Technology Services (IT&TS) segment recorded customer revenues of Rs 11,798 crore for the quarter ended September 30, 2024, registering a modest y-o-y growth of 6%, reflective of the present market conditions. International billing contributed 93% of the total customer revenues of the segment for the quarter ended September 30, 2024. The financial services segment recorded income from operations at Rs 3,837 crore during the quarter ended September 30, 2024, registering y-o-y growth of 24% mainly attributed to a proactive portfolio management viz. higher retail disbursements with timely collections. The total Loan Book at Rs 93,015 crore grew by 9% as compared with March 2024 at Rs 85,565 crore. Further, on a y-o-y basis the total Loan Book reported growth of 18%. The Retail loan book now constitutes 96% of the total loan book as on September 30, 2024. Development Projects Segment recorded customer revenues of Rs 1,382 crore during the quarter ended September 30, 2024 registering de-growth. 'Others' segment comprises (a) Realty (b) Industrial Valves (c) Construction Equipment & Mining Machinery and (d) Rubber Processing Machinery. Customer revenues of the segment during the quarter ended September 30, 2024 at Rs 1,648 crore registered moderate growth of 2% y-o-y, primarily higher handover of residential units in Realty business. Export sales constituted 13% of the total customer revenues of the segment during the quarter, mainly pertaining to Industrial Valves business. S.N. Subrahmanyan, chairman and managing director said: 'The projects & manufacturing businesses of the Company continue to perform well. We have a record order book more than Rs 5 lakh crore that is a testimony of our proven competence in the domains of engineering, construction, manufacturing, and project management. Our new transformative investments in Green Energy, Data Centers, Digital Platforms and Semiconductor Design will, besides improving our Digital and Sustainability footprint, compliment our current business portfolio as well. We expect the Middle East Capex momentum to remain healthy. The company remains committed on delivering a sustained performance of growth.' Larsen & Toubro (L&T) is an Indian multinational engaged in EPC Projects, hi-tech manufacturing and services. It operates in over 50 countries worldwide. A strong, customer'focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades.Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Larsen & Toubro Ltd Spurts 5.15%, BSE Capital Goods index Rises 1.47%

Larsen & Toubro Ltd rose 5.15% today to trade at Rs 3582.55. The BSE Capital Goods index is up 1.47% to quote at 68655.58. The index is down 6.05 % over last one month. Among the other constituents of the index, Finolex Cables Ltd increased 4.48% and Elgi Equipments Ltd added 1.76% on the day. The BSE Capital Goods index went up 50.84 % over last one year compared to the 25.53% surge in benchmark SENSEX. Larsen & Toubro Ltd has lost 1.89% over last one month compared to 6.05% fall in BSE Capital Goods index and 5.27% drop in the SENSEX. On the BSE, 25907 shares were traded in the counter so far compared with average daily volumes of 1.15 lakh shares in the past one month. The stock hit a record high of Rs 3948.6 on 03 Jun 2024. The stock hit a 52-week low of Rs 2872 on 01 Nov 2023.Powered by Capital Market - Live

1 month agoCapital Market - Live