Larsen and Toubro Q4: Net profit jumps 25%, revenue rises; board recommends dividend of ₹34 per share

Infrastructure major Larsen and Toubro reported a 25% increase in its consolidated profit after tax (PAT) at ₹5,497.26 crore for the quarter ending March 31 of the financial year 2024-25. The company had seen a profit of ₹4,396.12 crore in the same quarter of the previous fiscal year.

Larsen and Toubro’s (L&T) revenue from operations for the quarter under review was at ₹74,392.28 crore, marking a growth of 11% from ₹67,078.68 crore reported in the fourth quarter of FY24.

For Q4 FY25, the company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) jumped 13.4% year-on-year (YoY) to ₹8,202 crore as against ₹7,234 crore in Q4 FY24. Its margin came in at 11% in contrast to 10.8% registered in the corresponding quarter of the previous fiscal.

L&T’s Board of Directors has recommended a final dividend of ₹34 per share of the face value of ₹2 each for the financial year ended March 31, 2025. Last year's final dividend was ₹28 per share.

The company will pay the proposed final dividend after approval of the shareholders in the ensuing Annual General Meeting. L&T has fixed June 3, 2025, as the record date for determining the entitlement of members for the proposed final dividend.

Larsen & Toubro won orders of ₹ 356,631 crore at the group level during the year ended March 31, 2025, registering a sizable growth of 18% YoY.

Orders were bagged across multiple geographies and various segments like Renewable, Transmission & Distribution, Airports, Commercial and Residential Buildings, Metros, Hydel & Tunnel, Minerals & Metals, Thermal BTG, Precision Engineering and Offshore & Onshore verticals of the Hydrocarbon business.

L&T’s international orders at ₹207,478 crore during the year comprised 58% of the total order inflow.

The order inflow for the quarter ended March 31, 2025, stood at ₹ 89,613 crore, registering a strong growth of 24% YoY. International orders at ₹ 62,739 crore during the quarter constituted 70% of the total.

The consolidated order book of the group as of March 31, 2025, is at ₹ 579,137 crore, registering a growth of 22% over March 2024, with the share of international orders at a healthy 46%.

“The year concluded on a high note, marking yet another period of outstanding performance. We achieved the highest ever yearly order inflows in the company’s history, which buoys 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 of L&T.

During the year, L&T has made some strategic investments to strengthen its new-age businesses of semiconductor technologies and data centres, it said.

“Growth in our traditional core business combined with a focus on technology-driven new-age businesses will steer the company towards its vision to diversify its portfolio and make itself future-ready,” Subrahmanyan said.

On Thursday, shares of L&T settled at ₹3,312 apiece on the National Stock Exchange, slipping 0.28%.

• L&T’s infrastructure projects segment secured an order inflow of ₹173,226 crore during the year ended March 31, 2025, registering a growth of 21% on a y-o-y basis.

• The energy projects segment secured orders valued at ₹ 87,569 crore during the year ended March 31, 2025, registering a robust growth of 19% on a y-o-y basis aided by the receipt of orders in both CarbonLite Solutions and Hydrocarbon businesses, respectively.

• The Hi-Tech manufacturing segment secured orders valued at ₹ 18,282 crore during the year ended March 31, 2025, registering a growth of 28% over the previous year, with the receipt of key orders in both the Precision Engineering & Systems and Heavy Engineering businesses, respectively.

• IT & Technology services recorded customer revenues of ₹ 47,845 crore for the year ended March 31, 2025, registering a modest y-o-y growth of 8%, reflecting the subdued global macro environment impacting IT&TS spends across the developed world.

• The financial services segment recorded income from operations at ₹ 15,194 crore during the year ended March 31, 2025, registering y-o-y growth of 16%, mainly attributed to the scaling up of retail disbursements.

• The development projects segment recorded customer revenues of ₹ 5,371 crore during the year ended March 31, 2025, registering a decline of 4% on a y-o-y basis. The previous year's revenue was higher on the monetisation of a large-value commercial property in Hyderabad Metro.

L&T’s management said that with the recent US-led tariff announcements, the risk of global cross-border trade and investment flows slowing down is imminent and will consequently impact costs and lower productivity.

Additionally, volatility in crude oil prices and dislocated supply chains will pose further challenges, the firm said. The economic growth outlook remains uncertain and ambiguous, with key risks stemming from heightened policy uncertainty amidst geopolitical tensions and military escalation.

“In this economic backdrop, the company will focus on timely execution of its large order book, preservation of liquidity and optimum use of capital and other resources while remaining cautiously optimistic on the emerging new opportunities. The company will pursue its stated objective of enhancing returns to its shareholders on a sustained basis,” L&T further said.