L&T Q1 FY25 net profit rises 12% to Rs 2,786 cr
Mumbai: L&T reported a 12% increase in profit after tax (PAT) to Rs 2,786 crore for the June quarter, up from Rs 2,493 crore in the same period last year.
Revenue from operations grew by 15% year-on-year to Rs 55,120 crore, driven by strong execution in its projects and manufacturing (P&M) portfolio, bolstered by a substantial order book.
The company's EBITDA for the quarter was Rs 5,615 crore, a 15% year-on-year increase, with margins standing at 10.2%.
The company secured orders worth Rs 70,936 crore at the group level in Q1, an 8% increase from the previous year, fuelled by strong ordering activity in the Middle East.
These orders spanned various sectors, including Hydrocarbon, Renewables, Transmission & Distribution, and others. International orders made up 46% of the total order inflow, amounting to Rs 32,598 crore.
The Financial Services segment saw a 21% year-on-year increase in income from operations, reaching Rs 3,664 crore, mainly due to higher retail business disbursements.
The Development Projects segment recorded revenues of Rs 1,327 crore, a 3% growth over the previous year.
In terms of segment-wise performance, the Infrastructure Projects segment had an order book of Rs 324,879 crore, with 28% being international orders.
The Energy Projects segment had an order book of Rs 117,724 crore, with international orders comprising 76%.
The Hi-Tech Manufacturing segment's order book stood at Rs 33,765 crore, with 7% from export orders.
The IT & Technology Services (IT&TS) segment reported customer revenues of Rs 11,505 crore, a 6% year-on-year increase, reflecting a subdued global macro-outlook affecting discretionary IT&TS spending.
L&T said it remains focused on profitable execution of its robust order book, positioning itself to capitalize on emerging opportunities while minimizing exposure to non-core businesses. The company is committed to delivering sustainable value to all its stakeholders.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
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