Shares of Larsen & Toubro were trading at Rs 3,601.80 in Tuesday's early session, up by 0.09% from the previous close at 9:20 am. The stock is a constituent of the Nifty 50 index.
Financial Performance:
Consolidated Quarterly Results:
The company's consolidated quarterly revenue has shown consistent growth. The revenue for the quarter-ending June 2025 stood at Rs 63,678.92 Crore, compared to Rs 55,119.82 Crore in June 2024. Net profit for the same period was Rs 4,325.57 Crore, up from Rs 3,440.11 Crore.
The earnings per share (EPS) for June 2025 was Rs 26.30, compared to Rs 20.26 in June 2024.
| 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 |
Consolidated Yearly Results:
The company's consolidated yearly revenue has also seen growth. The revenue for the year-ending March 2025 stood at Rs 255,734.45 Crore, compared to Rs 221,112.91 Crore in March 2024. The net profit for the same period was Rs 17,687.39 Crore, up from Rs 15,569.72 Crore.
The earnings per share (EPS) for March 2025 was Rs 109.36, compared to Rs 93.96 in March 2024. The book value per share (BVPS) has decreased to Rs 710.12 in March 2025 compared to Rs 746.01 in March 2024. The return on equity (ROE) increased to 15.39% in March 2025 compared to 15.12% in March 2024. The debt-to-equity ratio remained stable at 1.33.
| 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 |
Consolidated Yearly Income Statement:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Sales | 255,734 | 221,112 | 183,340 | 156,521 | 135,979 |
| Other Income | 4,124 | 4,158 | 2,929 | 2,267 | 3,429 |
| Total Income | 259,859 | 225,270 | 186,269 | 158,788 | 139,408 |
| Total Expenditure | 232,946 | 201,207 | 165,953 | 141,154 | 126,815 |
| EBIT | 26,913 | 24,062 | 20,316 | 17,633 | 12,593 |
| Interest | 3,334 | 3,545 | 3,207 | 3,125 | 3,913 |
| Tax | 5,891 | 4,947 | 4,484 | 4,216 | 4,010 |
| Net Profit | 17,687 | 15,569 | 12,624 | 10,291 | 4,668 |
Consolidated Quarterly Income Statement:
| Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | |
|---|---|---|---|---|---|
| Sales | 63,678 | 74,392 | 64,667 | 61,554 | 55,119 |
| Other Income | 1,356 | 1,135 | 967 | 1,101 | 920 |
| Total Income | 65,035 | 75,527 | 65,635 | 62,655 | 56,040 |
| Total Expenditure | 58,394 | 66,767 | 59,459 | 56,216 | 50,502 |
| EBIT | 6,641 | 8,759 | 6,175 | 6,439 | 5,538 |
| Interest | 781 | 745 | 842 | 884 | 861 |
| Tax | 1,533 | 1,880 | 1,332 | 1,442 | 1,236 |
| Net Profit | 4,325 | 6,133 | 4,001 | 4,112 | 3,440 |
Consolidated Cash Flow:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Operating Activities | 9,160 | 18,266 | 22,776 | 19,163 | 22,844 |
| Investing Activities | -15,517 | 2,163 | -8,311 | -3,667 | -5,428 |
| Financing Activities | 6,556 | -25,413 | -11,572 | -15,181 | -15,274 |
| Others | 28 | 15 | 263 | 82 | 0 |
| Net Cash Flow | 228 | -4,968 | 3,156 | 396 | 2,140 |
Consolidated Balance Sheet:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Share Capital | 275 | 274 | 281 | 496 | 1,404 |
| Reserves & Surplus | 97,380 | 85,533 | 88,577 | 81,755 | 75,204 |
| Current Liabilities | 201,970 | 176,600 | 162,065 | 159,433 | 137,408 |
| Other Liabilities | 79,897 | 77,217 | 79,427 | 78,363 | 97,257 |
| Total Liabilities | 379,524 | 339,627 | 330,352 | 320,048 | 311,273 |
| Fixed Assets | 38,295 | 38,207 | 37,907 | 36,509 | 36,752 |
| Current Assets | 245,341 | 218,079 | 222,204 | 208,181 | 194,966 |
| Other Assets | 95,886 | 83,339 | 70,240 | 75,358 | 79,554 |
| Total Assets | 379,524 | 339,627 | 330,352 | 320,048 | 311,273 |
| Contingent Liabilities | 28,086 | 21,246 | 19,620 | 23,020 | 21,540 |
Financial Ratios:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | 109.36 | 93.96 | 74.51 | 61.71 | 82.49 |
| Diluted Eps (Rs.) | 109.28 | 93.88 | 74.45 | 61.65 | 82.41 |
| Book Value /Share (Rs.) | 710.12 | 746.01 | 736.87 | 678.79 | 625.97 |
| Dividend/Share (Rs.) | 34.00 | 34.00 | 24.00 | 22.00 | 36.00 |
| Face Value | 2 | 2 | 2 | 2 | 2 |
| Gross Profit Margin (%) | 11.94 | 12.50 | 12.91 | 13.08 | 14.01 |
| Operating Margin (%) | 10.33 | 10.84 | 11.00 | 11.20 | 11.87 |
| Net Profit Margin (%) | 6.91 | 7.04 | 6.88 | 6.57 | 9.49 |
| Return on Networth (%) | 15.39 | 15.12 | 11.72 | 10.52 | 15.26 |
| ROCE (%) | 14.89 | 14.70 | 11.99 | 10.91 | 9.28 |
| Return On Assets (%) | 3.96 | 3.84 | 3.16 | 2.70 | 3.72 |
| Current Ratio (X) | 1.21 | 1.23 | 1.37 | 1.31 | 1.42 |
| Quick Ratio (X) | 1.18 | 1.20 | 1.33 | 1.27 | 1.38 |
| Debt to Equity (x) | 1.33 | 1.32 | 1.33 | 1.50 | 1.73 |
| Interest Coverage (X) | 9.17 | 7.80 | 7.38 | 6.55 | 4.13 |
| Asset Turnover Ratio (%) | 0.71 | 0.66 | 0.45 | 0.42 | 43.68 |
| Inventory Turnover (X) | 3.87 | 2.89 | 2.81 | 2.81 | 23.36 |
| 3 Yr CAGR Sales (%) | 27.82 | 27.52 | 12.27 | 7.59 | 6.59 |
| 3 Yr CAGR Net Profit (%) | 31.10 | 82.61 | 11.43 | 3.17 | -25.62 |
| P/E (x) | 31.93 | 40.06 | 29.05 | 28.64 | 17.20 |
| P/B (x) | 4.92 | 6.01 | 3.41 | 3.01 | 2.63 |
| EV/EBITDA (x) | 19.78 | 22.92 | 17.50 | 17.86 | 17.20 |
| P/S (x) | 1.88 | 2.35 | 1.66 | 1.59 | 1.47 |
Larsen & Toubro announced the publication of newspaper advertisements as per Regulation 30 (LODR) on September 1, 2025. Earlier, on August 13, 2025, the company informed the exchange regarding a press release about L&T Energy GreenTech partnering with Japan's ITOCHU for a Green Ammonia Project.
The company announced a final dividend of Rs 34 per share on May 8, 2025, with an effective date of June 3, 2025. The company has also announced bonus issues in the past, including a 1:2 bonus on July 13, 2017.
With the stock's last traded price at Rs 3,601.80, Larsen & Toubro shares are trading marginally higher in the early session.
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