Larsen & Toubro (L&T) Q4 FY25 & FY25 Financial Analysis | Profit From It
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Larsen & Toubro (L&T) Q4 FY25 & FY25 Financial Analysis

Lesson 131/151 | Study Time: 10 Min
Larsen & Toubro (L&T) Q4 FY25 & FY25 Financial Analysis

LT Intrinsic Value Post Q4 Fy25 Results: 


Larsen & Toubro (L&T) Q4 FY25 & FY25 Financial Analysis


1. Key Highlights

  • Order Inflow: ₹3,566 billion (up 18% YoY).

  • Order Book: ₹5,791 billion (up 22% YoY).

  • Revenue: ₹2,557 billion (up 16% YoY).

  • Reported PAT: ₹150 billion (up 15% YoY).

  • ROE: 16.3% (up 140 bps YoY).

  • International Orders: 46% of the total order book.

  • Dividend: ₹34 per share.


2. Order Inflow and Order Book Analysis

Category

Q4 FY25

FY25

Growth (%)

Total Order Inflow

₹896 bn

₹3,566 bn

22%

Domestic Orders

₹469 bn

₹1,491 bn

24%

International Orders

₹427 bn

₹2,075 bn

18%

Order Book

₹5,791 bn

-

22%

Order Book Split

Domestic: 54%, International: 46%

-

-

Segmental Order Share (FY25)

  • Infrastructure: 49%

  • Energy: 25%

  • Hi-Tech Manufacturing: 5%

  • Services: 19%

  • Others: 3%


3. Segmental Revenue & Growth

Segment

Q4 FY25 Revenue

Growth (YoY)

FY25 Revenue

Growth (YoY)

Infrastructure

₹389.0 bn

2%

₹1,299 bn

15%

Energy

₹122.5 bn

49%

₹406.7 bn

38%

Hi-Tech Manufacturing

₹33.5 bn

36%

₹97.0 bn

18%

IT & Tech Services

₹124.8 bn

11%

₹478.5 bn

8%

Financial Services

₹38.1 bn

6%

₹151.9 bn

16%

Development Projects

₹8.1 bn

2%

₹56.2 bn

-4%

Others

₹21.2 bn

4%

₹76.3 bn

9%

Total Revenue

₹744 bn

11%

₹2,557 bn

16%


4. Consolidated Income Statement Analysis

Particulars

Q4 FY24

Q4 FY25

Growth (%)

FY24

FY25

Growth (%)

Revenue

₹670.8 bn

₹743.9 bn

11%

₹2,211 bn

₹2,557 bn

16%

EBITDA

₹72.3 bn

₹82.0 bn

13%

₹234.9 bn

₹264.3 bn

13%

EBITDA Margin

10.8%

11.0%

-

10.6%

10.3%

-

Finance Cost

₹9.3 bn

₹7.5 bn

-19%

₹35.5 bn

₹33.3 bn

-6%

Depreciation

₹10.2 bn

₹10.5 bn

3%

₹36.8 bn

₹41.2 bn

12%

Profit Before Tax (PBT)

₹44.0 bn

₹55.0 bn

25%

₹130.6 bn

₹150.4 bn

15%

Net Profit (PAT)

₹43.0 bn

₹50.2 bn

17%

₹129.7 bn

₹145.6 bn

12%

Reported PAT

₹44.0 bn

₹55.0 bn

25%

₹130.6 bn

₹150.4 bn

15%

EPS (Basic)

₹39.98

₹24.43

-

₹109.36

₹93.96

-


5. Balance Sheet Analysis

Particulars

FY24

FY25

Change

Total Assets

₹3,40,136 crore

₹3,79,524 crore

+₹39,388 crore

Net Worth

₹1,02,550 crore

₹1,15,404 crore

+₹12,854 crore

Total Borrowings

₹83,341 crore

₹93,531 crore

+₹10,190 crore

Debt to Equity

0.81x

0.81x

Stable

Current Ratio

1.21x

1.23x

Improved

PBV (Price to Book Value)

3.4x

3.2x

Reduced

Trade Receivables

₹48,771 crore

₹53,714 crore

+₹4,943 crore

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