Engineering and construction giant Larsen & Toubro (L&T) reported a 25 per cent increase in consolidated net profit attributable to shareholders for the January–March quarter of FY2024–25, driven by strong revenue growth and an exceptional gain. The company posted a net profit of Rs 54.97 billion for the quarter, while revenue rose by 10.9 per cent year-on-year to Rs 743.92 billion.

Order inflow during the March 2025 quarter stood at Rs 896.13 billion, marking a 24 per cent year-on-year rise. International orders accounted for Rs 627.39 billion or 70 per cent of the total.

For the full financial year ended March 2025, L&T recorded a net profit of Rs 150.37 billion, up 15.1 per cent from the previous year. Annual revenue rose to Rs 2.56 trillion, reflecting a 15.7 per cent growth, supported by robust execution across its projects and manufacturing operations.

The company’s board has recommended a final dividend of Rs 34 per share. Although quarterly revenue fell short of Bloomberg analysts' estimate of Rs 762.98 billion, L&T exceeded profit expectations, beating the forecast net income of Rs 45.45 billion.

S N Subrahmanyan, L&T’s Chairman and Managing Director, said: “We achieved the highest-ever yearly order inflows in the company’s history, boosting our order book to record levels. Strong revenue growth underscores our focus on operational excellence, innovation, and digitalisation.”

As of 31 March 2025, L&T’s consolidated order book stood at Rs 5.79 trillion, up 22 per cent year-on-year, with overseas contracts comprising 46 per cent of the total. The company secured Rs 3.56 trillion in fresh orders over the year.

Earnings before interest, tax, depreciation, and amortisation (EBITDA) for the quarter stood at Rs 82.03 billion, up 13 per cent year-on-year, with the EBITDA margin stable at 11 per cent. Quarterly expenses increased by 10 per cent to Rs 679.88 billion.

L&T also made strategic investments during the year to strengthen its capabilities in semiconductors and data centres. Subrahmanyan added, “Growth in our traditional businesses, alongside investment in future-ready technologies, positions L&T to diversify and lead the next wave of industrial development.”