L&T shares rise over 1% ahead of Q4 results; check date & time, recent updates, order wins, and key monitorables

Ahead of the earnings announcement, shares of the company rallied as much as 1.26% to ₹3,364 apiece in the morning trade on the BSE.

Shares of the company have rallied over 8.5% in the past month, while in the past six months, the share price has declined over 9%.

Among important developments, on March 21, L&T said that its board had approved long-term borrowings of up to ₹12,000 crore, including through external commercial borrowings, term loans, non-convertible debentures, or any other instrument as may be appropriate.

Besides, the board also approved the appointment of Subramanian Sarma, Whole-time Director & President, Energy, as the Deputy Managing Director & President of the Company with effect from April 2, 2025, to February 3, 2028. Sarma is responsible for Hydrocarbon, Power, and Green Mfg. & Development.

Recent order wins and tie-ups

• On March 24, L&T Energy Green Tech Limited (LTEGL) and John Cockerill signed a Memorandum of Understanding (MoU) to explore various technologies in Concentrated Solar Power (CSP) and Thermal Energy Storage (TES).

The MoU aims to identify and develop strategic collaboration opportunities in manufacturing, component supply, and engineering solutions critical to the successful implementation and deployment of CSP and TES projects.

• On March 25, L&T-Cloudfiniti announced new strategic partnerships with three leading AI startups, including one based in Europe.

"The collaborations will focus on groundbreaking developments in healthcare, life sciences, vertical AI, and conversational technologies in India and across the globe by harnessing cutting-edge AI models to transform key industries and drive digital innovation in multiple sectors," the company said.

L&T-Cloudfiniti is a division of Larsen & Toubro. It is a leading provider of cloud and AI-driven solutions.

• In March itself, L&T said its power transmission and distribution vertical has secured new orders in the domestic market and overseas.

In India, the company has received an order to implement transmission line segments for a renewable energy zone in Uttar Pradesh.

Prior to this, L&T's business secured an order for turnkey construction of a transmission line, meant for evacuation of power from a non-fossil fuel-based power plant in the southern region, the company said in a statement.

• On April 1, infrastructure major Larsen & Toubro said it had won large orders in both domestic and overseas markets.

The orders were bagged by the power transmission and distribution vertical of Larsen & Toubro (L&T), the company said in a filing to BSE.

L&T classifies 'large' orders as those with a value between ₹2,500 crore and ₹5,000 crore.

The company won an order for setting up a gas-insulated substation in the western part of the country and another order for the turnkey construction of a transmission line associated with the evacuation of power in the same region, according to the filing.

In Saudi Arabia, the vertical has received orders for setting up two 380 kV overhead lines.

The combined length of these transmission lines exceeds 130 route kilometres and is meant to ensure reliable power supply to the key townships around Riyadh.

L&T Q3 FY25 Results

The company reported a mixed set of numbers for the quarter ending December 31, 2024 (Q3 FY25). The infrastructure major received its highest-ever quarterly order; however, the company's operational performance remained below Street estimates.

L&T achieved consolidated revenue of ₹64,668 crore for the quarter ended December 31, 2024, registering a YoY growth of 17%. This was on the back of a strong order book and ramp-up in execution momentum across its Projects & Manufacturing (P&M) businesses. The company posted a revenue of ₹55,100 crore in the year-ago period.

It posted a consolidated profit after tax (PAT) of ₹ 3,359 crore, up 14% compared to the corresponding quarter of the previous year.