L&T Posts Record FY 2024–25 Results: ₹15,037 cr PAT, Revenue at ₹2.55 Lakh Cr

Larsen & Toubro (L&T), India’s engineering and construction giant, achieved its highest-ever financial performance in FY 2024–25, marking a significant milestone in its diversified business portfolio. The company reported consolidated revenue of ₹2,55,734 crore, reflecting a 16% year-on-year growth, driven by strong execution across infrastructure, heavy engineering, and international projects. International business contributed substantially, especially from the Middle East, where L&T won large-scale orders in oil & gas, power transmission, and water treatment sectors. Notably, international orders accounted for 58% of total inflows, showcasing L&T’s robust global presence. This operational growth was supported by faster execution cycles, improved working capital discipline, and higher order conversion across domestic and global geographies.

The company’s Profit After Tax (PAT) stood at ₹15,037 crore, up by approximately 15% from ₹13,058 crore in FY 2023–24. This includes a one-time exceptional gain of ₹475 crore from the reversal of earlier impairments. Operating margins were largely stable, despite inflationary pressures and currency volatility. In the January–March 2025 quarter alone, L&T posted a net profit of ₹5,497 crore, a 25% jump year-on-year, driven by a favorable project mix, accelerated deliveries, and strong cost optimization. The company also declared a final dividend of ₹34 per share, reflecting both confidence in its cash flow and a commitment to rewarding shareholders. The board’s approval of a share buyback worth ₹10,000 crore further emphasized the company’s strong financial health and capital discipline.

L&T’s order inflow during FY 2024–25 was at an all-time high of ₹3,56,631 crore, registering an 18% growth over the previous fiscal. As of March 31, 2025, its consolidated order book stood at ₹5,79,137 crore, up by 22% year-on-year, providing strong revenue visibility for the next 24–36 months. Segment-wise, infrastructure projects led the way, followed by energy, hi-tech manufacturing, and IT & technology services through subsidiaries like L&T Technology Services (LTTS) and LTI Mindtree. Additionally, the company expanded its digital and deep-tech capabilities, including strategic moves in quantum computing, sustainability tech, and defence R&D. These long-term investments are aligned with L&T’s 5-year strategic plan, Lakshya 2026, which focuses on digital transformation, export-led growth, and enhanced return on equity. FY 2024–25 stands as a landmark year, reflecting L&T’s resilience, execution strength, and its evolving role in shaping India’s infrastructure and technology ecosystem. Sources:TheEconomicTimes