Larsen & Toubro Ltd. Q2 FY2025 results: revenue ₹61,555 crore, up 20.6% on the year
Larsen & Toubro Ltd. (LT) reported consolidated revenue from operations of ₹61,555 crore for Q2 FY2025, the quarter ended 30 September 2024, up 20.6% on the same quarter a year earlier. Profit after tax was ₹4,099 crore, up 6.6% on the year, and earnings per share ₹24.69. The figures are the company's own, from the unaudited results it filed with NSE on 31 October 2024.
The quarter, against the one before and a year earlier
| Line | Q2 FY2025 | Q1 FY2025 | Q2 FY2024 | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 61,555 | 55,120 | 51,024 | +20.6% |
| Other income | 1,101 | 921 | 1,133 | -2.8% |
| Total income | 62,656 | 56,040 | 52,157 | +20.1% |
| Cost of materials consumed | 24,285 | 18,597 | 17,164 | +41.5% |
| Purchases of stock-in-trade | 332 | 352 | 338 | -2.0% |
| Changes in inventories | -477 | -156 | 374 | n/a |
| Employee benefit expense | 11,456 | 11,044 | 10,299 | +11.2% |
| Finance costs | 884 | 861 | 864 | +2.4% |
| Depreciation, depletion and amortisation | 1,024 | 998 | 910 | +12.5% |
| Other expenses | 19,597 | 19,669 | 17,217 | +13.8% |
| Total expenses | 57,101 | 51,364 | 47,166 | +21.1% |
| Profit before exceptional items and tax | 5,555 | 4,677 | 4,991 | +11.3% |
| Exceptional items | 0 | 0 | 0 | n/a |
| Profit before tax | 5,555 | 4,677 | 4,991 | +11.3% |
| Current tax | 1,493 | 1,335 | 1,087 | +37.4% |
| Deferred tax | -51 | -99 | 49 | n/a |
| Total tax | 1,442 | 1,237 | 1,136 | +27.0% |
| Profit after tax | 4,099 | 3,445 | 3,846 | +6.6% |
| Attributable to owners of the parent | 3,395 | 2,786 | 3,223 | +5.4% |
| Other comprehensive income | 358 | 196 | -423 | n/a |
| Total comprehensive income | 4,457 | 3,641 | 3,422 | +30.2% |
| EPS, basic | ₹24.69 | ₹20.26 | ₹22.94 | +7.6% |
| EPS, diluted | ₹24.68 | ₹20.25 | ₹22.92 | +7.7% |
₹ crore except per share.
Leverage, as the company states it
| Line | Q2 FY2025 | Q1 FY2025 | Q2 FY2024 | Change on the year |
|---|---|---|---|---|
| Debt to equity | 0.01 | 0.01 | 0.01 | |
| Debt service coverage | 0.03 | 0.01 | 0.06 | |
| Interest service coverage | 0.06 | 0.05 | 0.06 |
Debt to equity, debt service coverage and interest service coverage are the figures the company prints in its result statement under the listing regulations.
Quarterly results, the last 12 quarters
| Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 51,024 | 55,128 | 67,079 | 55,120 | 61,555 | 64,668 | 74,392 | 63,679 | 67,984 | 71,450 | 82,762 | 67,942 |
| Expenses | 47,166 | 51,194 | 61,792 | 51,364 | 57,101 | 60,303 | 67,988 | 59,176 | 63,032 | 65,730 | 75,999 | 63,396 |
| Operating profit | 5,632 | 5,759 | 7,234 | 5,615 | 6,362 | 6,255 | 8,203 | 6,318 | 6,806 | 7,417 | 8,610 | 6,116 |
| OPM % | 11% | 10% | 11% | 10% | 10% | 10% | 11% | 10% | 10% | 10% | 10% | 9% |
| Other income | 1,133 | 838 | 1,042 | 921 | 1,101 | 968 | 1,135 | 1,357 | 1,384 | 1,441 | 1,579 | 2,377 |
| Interest | 864 | 904 | 926 | 861 | 884 | 843 | 746 | 782 | 763 | 625 | 679 | 539 |
| Depreciation | 910 | 921 | 1,021 | 998 | 1,024 | 1,047 | 1,052 | 1,033 | 1,092 | 1,072 | 1,168 | 1,032 |
| Exceptional items | 0 | 0 | 94 | 0 | 0 | 0 | 475 | 0 | 0 | -1,791 | 69 | 0 |
| Profit before tax | 4,991 | 4,772 | 6,422 | 4,677 | 5,555 | 5,333 | 8,014 | 5,860 | 6,336 | 5,370 | 8,410 | 6,922 |
| Tax % | 23% | 25% | 22% | 26% | 26% | 25% | 23% | 26% | 26% | 29% | 25% | 28% |
| Net profit | 3,846 | 3,593 | 5,013 | 3,445 | 4,099 | 3,974 | 6,156 | 4,318 | 4,678 | 3,825 | 6,133 | 4,988 |
| EPS in ₹ | ₹22.94 | ₹21.44 | ₹31.98 | ₹20.26 | ₹24.69 | ₹24.43 | ₹39.98 | ₹26.30 | ₹28.54 | ₹23.37 | ₹38.71 | ₹29.97 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Unaudited consolidated results for the quarter ended 30 September 2024, filed with NSE on 31 October 2024: the result statement. All of Larsen & Toubro Ltd.'s results: NSE company page.
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