Larsen & Toubro : Q3 FY25 Analyst Presentation

Published: 2025-01-30 08:30:07 ET LT.NS

Earnings Call Presentation

Q3 / 9M FY25

30th January 2025

Key

Highlights

Mumbai Metro Aqua Line UGC-07 Package (Marol Naka- SEEPZ)

3

Q3 FY25

Financial

Snapshot

Order Inflow

₹ 1160 bn

up 53% y-o-y

Highest ever in a quarter

Order Book

up 20% y-o-y

Profit after Tax

up 14% y-o-y

Return on Equity

16.1%

Up 90 bps y-o-y

Revenue

up 17% y-o-y

EBITDA % (P&M)

7.6%

Flat y-o-y

NWC / Revenue %

12.7%

Improved by 390 bps vs Dec'23

4

Key Financial Indicators

(Amount in ₹ bn)

Q3 FY24

Q3 FY25

(y-o-y)

Particulars

9M FY24

9M FY25

(y-o-y)

760

1160

53%

Order Inflow

2307

2670

16%

Order Book

4698

5642

20%

551

647

17%

Revenue

1540

1813

18%

10.4%

9.7%

EBITDA (%)

10.6%

10.1%

29

34

14%

Overall PAT

87

95

10%

Particulars

Dec-23

Dec-24

Net Working Capital

16.6%

12.7%

ROE (TTM) (%)

15.2%

16.1%

5

Group

Performance

Summary

L&T launched the second Multi-Purpose Vessel (MPV) for the Indian Navy in January 2025 from its

Kattupalli Shipyard near Chennai

Full Conversion Hydrocracker Unit (FCHCU) for a reputed client in Visakhapatnam

6

Q3 / 9M FY25 Order Inflow/Order Book

(Amount in ₹ bn)

Order Inflow

Order Book

53%

16%

20%

FY25

1160

FY25

2670

1835

2375

539

621

1223

1447

Q3

9M

4698

5642

FY24

FY24

3267

254

506

760

928

1379

2307

2863

Q3

9M

31-Dec-23

31-Dec-24

Domestic

International

7

Group P&L Construct - Revenue to EBITDA

Remarks for the quarter

Q3 FY24

Q3 FY25

% Var

₹ Billion

9M FY24

9M FY25

% Var

551.3

646.7

17%

Revenue

1540.3

1813.4

18%

44%

51%

International Rev.

42%

50%

352.3

419.7

19%

MCO Exp.*

956.9

1156.1

21%

14.4

16.4

14%

Fin. Charge Opex**

43.0

46.3

8%

102.5

119.1

16%

Staff Costs

304.4

344.1

13%

24.5

28.9

18%

Sales & Admin.

73.5

84.6

15%

493.7

584.1

18%

Total Opex

1377.7

1631.1

18%

57.6

62.5

9%

EBITDA

162.6

182.3

12%

10.4%

9.7%

EBITDA %

10.6%

10.1%

**Finance cost of financial services business and finance lease activity

8

Group P&L Construct - EBITDA to PAT

Q3 FY24

Q3 FY25

% Var

Rs Billion

9M FY24

9M FY25

% Var

57.6

62.5

9%

EBITDA

162.6

182.3

12%

(9.0)

(8.4)

-7%

Finance Cost

(26.2)

(25.9)

-1%

(9.2)

(10.5)

14%

Depreciation

(26.6)

(30.7)

15%

8.4

9.7

16%

Other Income

31.2

29.9

-4%

(11.8)

(13.3)

13%

Tax Expense

(35.3)

(40.1)

14%

(0.0)

(0.3)

>100%

JV/Associates PAT Share

(0.3)

(0.4)

13%

(6.5)

(6.2)

-5%

Non-controlling Int.

(18.7)

(19.8)

6%

29.5

33.6

14%

Reported PAT

86.6

95.4

10%

Remarks for the quarter

9

Segment

Performance

Summary

CRPO 75 Arbi 8 Refurbishment Project

Steel Melting Shop for a reputed client in Maharashtra

10

Disclaimer

Larsen & Toubro Limited published this content on January 30, 2025, and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on January 30, 2025 at 13:29:06.127.