L&T Q4 net profit jumps 25% to Rs 5,497 crore, beats Street estimates

L&T posted a 25 per cent YoY rise in Q4 net profit to Rs 5,497.3 crore, driven by strong revenue, record order inflows and an exceptional gain from asset impairment reversal

Engineering and construction major Larsen & Toubro (L&T) reported a 25 per cent rise in net profit attributable to the owners of the company for the January–March quarter of 2024-25, owing to higher revenues and an exceptional gain. For the quarter under review, L&T posted a consolidated net profit of ₹5,497.3 crore, while revenue rose 10.9 per cent year-on-year (Y-o-Y) to ₹74,392.28 crore. 

Order inflow for the quarter ended March 31, 2025, stood at ₹89,613 crore, up 24 per cent Y-o-Y. International orders, at ₹62,739 crore during the quarter, constituted 70 per cent of the total, the company said. 

For the full year ended March 2025, the engineering conglomerate reported a net profit of ₹15,037 crore, up 15.1 per cent Y-o-Y.  Revenue was ₹255,734 crore, up 15.7 per cent Y-o-Y, driven mainly by a large order book and ramp-up in execution across its projects and manufacturing business. L&T’s board has also recommended a final dividend of ₹34 per equity share. L&T, however, missed quarterly revenue estimates, with 17 analysts in a Bloomberg poll projecting ₹76,298.1 crore, but exceeded net profit expectations, beating the adjusted net income estimate of ₹4,545.3 crore from 11 analysts. 

“We achieved the highest-ever yearly order inflows in the company’s history, which buoys up our order book to a record level. Similarly, the strong revenue growth underpins our journey towards achieving operational excellence through innovation and digitalisation,” said S N Subrahmanyan, chairman and managing director, L&T. 

As of March 31, 2025, L&T’s consolidated order book stood at ₹5.79 trillion, up 22 per cent Y-o-Y, with international orders accounting for 46 per cent of the total. During the year, the group secured new orders worth ₹3.56 trillion. 

Earnings before interest, tax, depreciation, and amortisation (Ebitda) was ₹8,203 crore, up 13 per cent Y-o-Y, while the Ebitda margin remained stable at 11 per cent. Expenses for the quarter rose 10 per cent to ₹67,988.09 crore compared to the same period last year. “During the year, the company made strategic investments to strengthen its new-age businesses in semiconductor technologies and data centres. Growth in our traditional core business, combined with a focus on technology-driven new-age businesses, will steer the company towards its vision of diversifying its portfolio and becoming future-ready,” Subrahmanyan said.