Shares of Larsen & Toubro were trading higher at Rs 3,629.20 on the NSE, up 0.60% from the previous close, at 10:20 am. The stock is part of the Nifty 50 index.
In today's session, over 1.5 lakh shares were traded on the NSE.
Here's a look at the consolidated financial performance of Larsen & Toubro:
The following table shows the consolidated quarterly results:
| Heading | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 55,119.82 Crore | Rs 61,554.58 Crore | Rs 64,667.78 Crore | Rs 74,392.28 Crore | Rs 63,678.92 Crore |
| Net Profit | Rs 3,440.11 Crore | Rs 4,112.81 Crore | Rs 4,001.03 Crore | Rs 6,133.44 Crore | Rs 4,325.57 Crore |
| EPS | 20.26 | 24.69 | 24.43 | 39.98 | 26.30 |
The revenue for the quarter-ending June 2025 was Rs 63,678.92 Crore, an increase compared to Rs 55,119.82 Crore for the quarter-ending June 2024. The net profit for the quarter-ending June 2025 was Rs 4,325.57 Crore, compared to Rs 3,440.11 Crore for the quarter-ending June 2024. Earnings per share (EPS) stood at Rs 26.30 for the quarter-ending June 2025, up from Rs 20.26 for the quarter-ending June 2024.
The following table shows the consolidated annual results:
| Heading | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 135,979.03 Crore | Rs 156,521.23 Crore | Rs 183,340.70 Crore | Rs 221,112.91 Crore | Rs 255,734.45 Crore |
| Net Profit | Rs 4,668.96 Crore | Rs 10,291.05 Crore | Rs 12,624.87 Crore | Rs 15,569.72 Crore | Rs 17,687.39 Crore |
| EPS | 82.49 | 61.71 | 74.51 | 93.96 | 109.36 |
| BVPS | 625.97 | 678.79 | 736.87 | 746.01 | 710.12 |
| ROE | 15.26 | 10.52 | 11.72 | 15.12 | 15.39 |
| Debt to Equity | 1.73 | 1.50 | 1.33 | 1.32 | 1.33 |
The company's revenue for the year-ending March 2025 stood at Rs 255,734.45 Crore, up from Rs 221,112.91 Crore in the year-ending March 2024. Net profit for the year-ending March 2025 was Rs 17,687.39 Crore, compared to Rs 15,569.72 Crore in the year-ending March 2024. The Earnings per share (EPS) increased from Rs 93.96 to Rs 109.36.
The following table shows the consolidated annual income statement:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Sales | Rs 255,734 Crore | Rs 221,112 Crore | Rs 183,340 Crore | Rs 156,521 Crore | Rs 135,979 Crore |
| Other Income | Rs 4,124 Crore | Rs 4,158 Crore | Rs 2,929 Crore | Rs 2,267 Crore | Rs 3,429 Crore |
| Total Income | Rs 259,859 Crore | Rs 225,270 Crore | Rs 186,269 Crore | Rs 158,788 Crore | Rs 139,408 Crore |
| Total Expenditure | Rs 232,946 Crore | Rs 201,207 Crore | Rs 165,953 Crore | Rs 141,154 Crore | Rs 126,815 Crore |
| EBIT | Rs 26,913 Crore | Rs 24,062 Crore | Rs 20,316 Crore | Rs 17,633 Crore | Rs 12,593 Crore |
| Interest | Rs 3,334 Crore | Rs 3,545 Crore | Rs 3,207 Crore | Rs 3,125 Crore | Rs 3,913 Crore |
| Tax | Rs 5,891 Crore | Rs 4,947 Crore | Rs 4,484 Crore | Rs 4,216 Crore | Rs 4,010 Crore |
| Net Profit | Rs 17,687 Crore | Rs 15,569 Crore | Rs 12,624 Crore | Rs 10,291 Crore | Rs 4,668 Crore |
The following table summarizes the consolidated cash flow statement:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Operating Activities | Rs 9,160 Crore | Rs 18,266 Crore | Rs 22,776 Crore | Rs 19,163 Crore | Rs 22,844 Crore |
| Investing Activities | Rs -15,517 Crore | Rs 2,163 Crore | Rs -8,311 Crore | Rs -3,667 Crore | Rs -5,428 Crore |
| Financing Activities | Rs 6,556 Crore | Rs -25,413 Crore | Rs -11,572 Crore | Rs -15,181 Crore | Rs -15,274 Crore |
| Others | Rs 28 Crore | Rs 15 Crore | Rs 263 Crore | Rs 82 Crore | Rs 0 Crore |
| Net Cash Flow | Rs 228 Crore | Rs -4,968 Crore | Rs 3,156 Crore | Rs 396 Crore | Rs 2,140 Crore |
The following table presents the consolidated balance sheet:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Share Capital | Rs 275 Crore | Rs 274 Crore | Rs 281 Crore | Rs 496 Crore | Rs 1,404 Crore |
| Reserves & Surplus | Rs 97,380 Crore | Rs 85,533 Crore | Rs 88,577 Crore | Rs 81,755 Crore | Rs 75,204 Crore |
| Current Liabilities | Rs 201,970 Crore | Rs 176,600 Crore | Rs 162,065 Crore | Rs 159,433 Crore | Rs 137,408 Crore |
| Other Liabilities | Rs 79,897 Crore | Rs 77,217 Crore | Rs 79,427 Crore | Rs 78,363 Crore | Rs 97,257 Crore |
| Total Liabilities | Rs 379,524 Crore | Rs 339,627 Crore | Rs 330,352 Crore | Rs 320,048 Crore | Rs 311,273 Crore |
| Fixed Assets | Rs 38,295 Crore | Rs 38,207 Crore | Rs 37,907 Crore | Rs 36,509 Crore | Rs 36,752 Crore |
| Current Assets | Rs 245,341 Crore | Rs 218,079 Crore | Rs 222,204 Crore | Rs 208,181 Crore | Rs 194,966 Crore |
| Other Assets | Rs 95,886 Crore | Rs 83,339 Crore | Rs 70,240 Crore | Rs 75,358 Crore | Rs 79,554 Crore |
| Total Assets | Rs 379,524 Crore | Rs 339,627 Crore | Rs 330,352 Crore | Rs 320,048 Crore | Rs 311,273 Crore |
| Contingent Liabilities | Rs 28,086 Crore | Rs 21,246 Crore | Rs 19,620 Crore | Rs 23,020 Crore | Rs 21,540 Crore |
Key financial ratios for Larsen & Toubro are as follows:
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | 82.49 | 61.71 | 74.51 | 93.96 | 109.36 |
| Diluted EPS (Rs.) | 82.41 | 61.65 | 74.45 | 93.88 | 109.28 |
| Book Value / Share (Rs.) | 625.97 | 678.79 | 736.87 | 746.01 | 710.12 |
| Dividend / Share (Rs.) | 36.00 | 22.00 | 24.00 | 34.00 | 34.00 |
| Gross Profit Margin (%) | 14.01 | 13.08 | 12.91 | 12.50 | 11.94 |
| Operating Margin (%) | 11.87 | 11.20 | 11.00 | 10.84 | 10.33 |
| Net Profit Margin (%) | 9.49 | 6.57 | 6.88 | 7.04 | 6.91 |
| Return on Networth / Equity (%) | 15.26 | 10.52 | 11.72 | 15.12 | 15.39 |
| ROCE (%) | 9.28 | 10.91 | 11.99 | 14.70 | 14.89 |
| Return On Assets (%) | 3.72 | 2.70 | 3.16 | 3.84 | 3.96 |
| Current Ratio (X) | 1.42 | 1.31 | 1.37 | 1.23 | 1.21 |
| Quick Ratio (X) | 1.38 | 1.27 | 1.33 | 1.20 | 1.18 |
| Debt to Equity (x) | 1.73 | 1.50 | 1.33 | 1.32 | 1.33 |
| Interest Coverage Ratios (X) | 4.13 | 6.55 | 7.38 | 7.80 | 9.17 |
| Asset Turnover Ratio (%) | 43.68 | 0.42 | 0.45 | 0.66 | 0.71 |
| Inventory Turnover Ratio (X) | 23.36 | 2.81 | 2.81 | 2.89 | 3.87 |
| 3 Yr CAGR Sales (%) | 6.59 | 7.59 | 12.27 | 27.52 | 27.82 |
| 3 Yr CAGR Net Profit (%) | -25.62 | 3.17 | 11.43 | 82.61 | 31.10 |
| P/E (x) | 17.20 | 28.64 | 29.05 | 40.06 | 31.93 |
| P/B (x) | 2.63 | 3.01 | 3.41 | 6.01 | 4.92 |
| EV/EBITDA (x) | 17.20 | 17.86 | 17.50 | 22.92 | 19.78 |
| P/S (x) | 1.47 | 1.59 | 1.66 | 2.35 | 1.88 |
Larsen & Toubro's P/E ratio stands at 31.93, and its P/B ratio is 4.92 as of March 2025. The company's debt-to-equity ratio is 1.33 as of the year-ending March 2025.
Larsen & Toubro has announced a final dividend of Rs 34 per share (1700%) with effective date 03 Jun, 2025. Additionally, the company had announced a bonus issue on May 29, 2017, with an existing ratio of 2:1 and an ex-bonus date of July 13, 2017.
With the stock currently trading higher, Larsen & Toubro demonstrates a positive trend in today's session with increase in traded volume.
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