L&T Share Price Up by 6.91%; Revenue Rises 21% YoY in Q2 FY25 Financial Results

Larsen & Toubro (L&T) recently released its financial results for the half-year and quarter ended September 30, 2024. On Thursday, LT share price was in focus. 

On October 31, 2024, LT share price opened at ₹3,530.00, up from its previous close of ₹3,408.35. At 11:10 AM, the share price of LT was trading at ₹3,643.85, up by 6.91%.

Order Inflow

In the second quarter of FY 2024-25, L&T reported an order inflow of ₹800 billion, representing a year-on-year decline of 10% compared to ₹892 billion in Q2 FY 2023-24. 

For the first half of FY 2024-25, total order inflow reached ₹1,510 billion, down 2% from ₹1,547 billion in the same period last year. Despite this decrease in order inflow, L&T continues to show resilience, with a strong international ordering momentum, as international orders now account for 40% of its September 2024 order book.

Order Book Growth

L&T’s order book witnessed significant growth, increasing from ₹4,507 billion in H1 FY 2023-24 to ₹5,104 billion in H1 FY 2024-25, reflecting a year-on-year growth of 13%. 

Revenue Performance

The company experienced revenue growth, with Q2 FY 2024-25 revenue rising to ₹616 billion, a 21% increase from ₹510 billion in Q2 FY 2023-24. In the first half of FY 2024-25, L&T achieved a revenue of ₹1,167 billion, marking an 18% year-on-year growth from ₹989 billion in H1 FY 2023-24.

Profit After Tax (PAT)

L&T’s profit after tax also showed positive momentum, increasing from ₹32 billion in Q2 FY 2023-24 to ₹34 billion in Q2 FY 2024-25, representing a 5% growth. For H1 FY 2024-25, PAT rose to ₹62 billion, an 8% increase from ₹57 billion in H1 FY 2023-24.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.