L&T on the runLarsen & Toubro Limited (L&T) is a prominent Indian multinational engaged in technology, engineering, construction, manufacturing, and financial services. As of January 10, 2025, its stock price on the National Stock Exchange of India (NSE: LT) was ₹3,536.15, with a 52-week range between ₹3,175.05 and ₹3,963.50.
In recent trading sessions, L&T's stock has exhibited mixed performance. On January 15, 2025, the stock rose by 1.03% to ₹3,501.15, outperforming the BSE SENSEX Index, which increased by 0.29% to 76,724.08. However, it remained below its 52-week high of ₹3,963.00, set on December 10, 2024
Profitability:
1) Revenue Growth: In the fiscal year ending March 31, 2024, L&T reported consolidated revenues of ₹221,113 crore, marking a 21% year-over-year increase.
2) Net Profit: The company achieved a consolidated profit after tax (PAT) of ₹13,059 crore for the same period, reflecting a 25% growth compared to the previous year.
3) EBITDA Margins: L&T's EBITDA margins vary across its business segments. For instance, the Energy Projects segment reported an EBITDA margin of 10.0% for the year ended March 31, 2024, an improvement from 9.1% in the previous year.
L&T INDIA | LARSEN & TOUBRO
Financial Health:
1)Order Inflow: The company secured orders worth ₹302,812 crore during the year ended March 31, 2024, registering a robust year-over-year growth of 31%.
2)Debt Levels: As of March 31, 2024, L&T's total debt stood at ₹1,05,000 crore, with a debt-to-equity ratio of 1.5, indicating a moderate level of leverage.
3) Credit Rating: Fitch Ratings has acknowledged L&T's steady margins, supported by adequate risk management and diversification into stable sectors.
Recent Developments:
In October 2024, L&T reported a 5% rise in its second-quarter profit, reaching ₹33.95 billion, driven by the faster execution of previously commissioned projects.
The company maintained its full-year order growth forecast, reflecting confidence in its business outlook.
Overall, L&T demonstrates strong profitability and maintains a healthy financial position, supported by consistent revenue growth, effective cost management, and a robust order book. However, it's essential to consider market dynamics and sector-specific challenges when evaluating the company's future performance.