L&T Reports Strong Growth in Q3 FY25 with Record Orders
Larsen & Toubro (L&T) posted ₹64,668 crore in consolidated revenues for the quarter ending December 31, 2024, marking a 17% year-on-year (YoY) growth. The increase was driven by a strong order book and accelerated execution across its Projects & Manufacturing (P&M) businesses. International revenues stood at ₹32,764 crore, accounting for 51% of total earnings.
For the nine-month period ending December 31, L&T recorded ₹1,81,342 crore in consolidated revenue, reflecting an 18% YoY increase. International revenues contributed ₹91,070 crore or 50% of the total.
The company reported a 14% YoY rise in consolidated Profit After Tax (PAT) for Q3 FY25, reaching ₹3,359 crore. For the nine-month period, PAT grew 10% YoY to ₹9,540 crore.
L&T secured its highest-ever quarterly orders of ₹1,16,036 crore, reflecting a 53% YoY growth. International orders accounted for ₹62,059 crore, or 53% of the total. Key sectors driving the growth included thermal and renewable power, transmission, precision engineering, minerals & metals, water, commercial buildings, and hydrocarbons.
For the nine-month period, total order inflows reached ₹2,67,018 crore, up 16% YoY, with international orders comprising ₹1,44,739 crore (54% of the total).
As of December 31, 2024, L&T’s consolidated order book stood at ₹5,64,223 crore, a 19% increase from March 2024, with international orders making up 42% of the backlog.
Commenting on the results, S.N. Subrahmanyan, Chairman and Managing Director, said, “This quarter has ended on a strong note for us. We have achieved the highest-ever quarterly order inflow in the company’s history, consequently bringing our order book to a record high. Our commitment to timely execution, operational excellence, and a customer-centric approach is reflected in our healthy financial performance.
The projects and manufacturing businesses of the company continue to perform well, enabled by improved productivity through our sustained digital adoption efforts.
During the quarter, the company took a strategic stake in E2E Networks to collaborate and unlock the full potential of AI and the digital transformation wave while offering secure cloud services. This aligns with our vision of diversifying our portfolio to leverage the technology needs of tomorrow.
The upcoming Union Budget is expected to emphasize infrastructure development, technology adoption, improved learning efficacy, skill development, and policy continuity toward energy transition, which will provide the necessary impetus to the Indian economy. We expect the Middle East to continue strengthening its physical and digital infrastructure while monetizing its oil and gas assets. Amid this backdrop, the company will continue to pursue excellence and leverage its strengths to seize new opportunities while remaining resilient.”
