Engineering and construction major Larsen & Toubro (L&T) reported a 25% year-on-year rise in consolidated net profit to Rs 5,497 crore for the March quarter of financial year 2024-25 (FY25), compared to Rs 4,396 crore in the same quarter last year. Consolidated revenues for Q4 FY25 stood at Rs 74,392 crore, marking an 11% increase. International revenues accounted for 49% of the total.
In the March 2025 quarter alone, new orders totalled Rs 89,613 crore — a 24% increase from the previous year. Of these, 70% came from international markets.As of March 31, 2025, the company’s consolidated order book stood at Rs 5,79,137 crore, up 22% year-on-year. International orders made up 46% of the total.
L&T secured new orders worth Rs 3,56,631 crore in FY25 — an 18% increase over the previous year. These orders came from a wide range of sectors, including renewables, power transmission, airports, metro systems, residential buildings, minerals & metals, precision engineering, and both offshore and onshore hydrocarbon projects, the company said in its exchange filing on May 8.
For the full year ending March 31, 2025, L&T reported a consolidated profit after tax (PAT) of Rs 15,037 crore — a 15% year-on-year rise. This includes an exceptional gain of Rs 475 crore (net of tax), arising from the partial reversal of a previous impairment provision related to the erstwhile L&T Special Steels and Heavy Forgings joint venture.
Operational expenses rose 16% to Rs 2,29,299 crore in FY25, while EBITDA grew 13% to Rs 26,435 crore, with an EBITDA margin of 10.3%.
L&T’s shares closed 0.28% lower at Rs 3,312 apiece on the BSE today. The company’s Board of Directors has recommended a final dividend of Rs 34 per share (face value Rs 2) for FY25, up from Rs 28 per share in the previous year.
“Despite turbulent global geopolitical dynamics, the Indian economic landscape continues to demonstrate resilience and stable growth. Driven by ongoing public infrastructure investments and a revival in private investments in areas like energy transition, data centres, and real estate, India’s economic growth is expected to continue,” said S.N. Subrahmanyan, Chairman and Managing Director of L&T.
He added that the Middle East continues to invest in traditional sectors like oil and gas, alongside infrastructure development, while also allocating funds for energy transition and non-oil industrialisation.
“The GCC, led by Saudi Arabia, is poised to continue strengthening both the physical and digital infrastructure of the region, while monetising its oil and gas assets. As GCC countries transition from oil to clean energy and pursue various industrialisation initiatives, the region’s growth opportunities remain attractive,” L&T said in its outlook.
However, the company cautioned that recent US-led tariff announcements pose a risk of slowing global cross-border trade and investment flows, which could lead to higher costs and reduced productivity. In addition, volatility in crude oil prices and disrupted supply chains may present further challenges.
L&T said that it will focus on timely execution of its large order book, maintain liquidity, and ensure optimal use of capital and resources, while remaining cautiously optimistic about new emerging opportunities.
