L&T Reports 12% Profit Surge to Rs 2,786 Crore for Q1 FY25

26 Jul 2024 CW Team

Larsen & Toubro (L&T) has announced a significant increase in its consolidated net profit for the first quarter of FY25, reaching Rs 2,786 crore, up 12% from the same period last year. The growth highlights the company's robust performance amid a dynamic market environment.

The engineering and construction giant reported a revenue of Rs 40,045 crore for the quarter, driven by strong execution across its core sectors, including infrastructure, power, and hydrocarbons. The company?s strategic focus on project execution and operational efficiency has contributed to this impressive financial result.

L&T?s order inflow for the quarter also saw a notable rise, reflecting increased demand for its services and projects. The company secured new orders worth Rs 50,329 crore, underscoring its strong market position and the successful expansion of its project portfolio.

The company?s diversified business model and global presence have enabled it to capitalize on growth opportunities across various sectors. This quarter?s performance demonstrates L&T?s resilience and ability to navigate challenges while delivering value to its stakeholders.

Looking ahead, L&T remains optimistic about sustaining its growth trajectory. The company is focused on maintaining its operational excellence and leveraging its expertise to capitalize on upcoming opportunities in the infrastructure and construction sectors.

In summary, L&T?s robust financial results for Q1 FY25 highlight its effective business strategies and solid market performance, setting a positive tone for the rest of the fiscal year.

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