L&T Q4 PAT grows 15% to ₹15,037 crore

Larsen & Turbo Ltd. (L&T) reported consolidated profit after tax (PAT) of ₹15,037 crore for the fourth quarter ended March 31, 2025, registering a growth of 15% compared with the previous year.

The PAT included an exceptional gain (net of tax) of ₹475 crore, attributable to the partial reversal of an earlier impairment provision for funded resources in the erstwhile L&T Special Steels and Heavy Forgings Private Limited (LTSSHF) joint venture.

The board has recommended a dividend of ₹34 per equity share.

For the quarter, the company reported a consolidated revenue of ₹74,392 crore, registering a year-on-year growth of 11%. The share of international revenue during the quarter was 49%.

The company achieved a consolidated revenue of ₹2,55,734 crore for the year ended March 31, 2025, registering a substantial y-o-y growth of 16%, mainly on the back of large order book and ramp-up in execution momentum across Projects & Manufacturing (P&M) businesses.

International revenue during the year at ₹1,27,566 crore constituted 50% of the total revenue, reflecting improved execution in international P&M portfolio.

The company won orders worth ₹3,56,631 crore at the group level during the year ended March 31, 2025, registering a sizable y-o-y growth of 18%.

During the year, 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 vertical of Hydrocarbon business. International orders at ₹2,07,478 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% y-o-y. International orders at ₹ 62,739 crore during the quarter constituted 70% of the total.

The consolidated order book of the group as on March 31, 2025, was at ₹5,79,137 crore, registering a growth of 22% over March 2024, with the share of international orders at a healthy 46%.

Chairman and Managing Director S.N. Subrahmanyan said, “The year concluded on a high note, marking yet another period of outstanding performance. We achieved the highest ever yearly order inflows in 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.”