L&T Q3 profit up 14% to ₹3,359 cr; order inflow hits record ₹1.16 lakh cr

Civil construction & engineering major Larsen & Toubro has recorded a 14% year-on-year rise in consolidated profit for the October-December quarter at ₹3,359 crore. L&T achieved consolidated revenues of ₹64,668 crore for the quarter ended December 31, 2024, 17% YoY growth on the back of strong order book and ramp-up in execution momentum across its projects & manufacturing (P&M) businesses. International revenues at ₹32,764 crore constituted 51% of the total revenues, reflective of improved execution in the international P&M portfolio.

The company received its highest-ever quarterly orders of ₹1,16,036 crore at the group level during Q3 FY25, up 53% YoY. The international orders at ₹62,059 crore comprised 53% of the total order inflow.

S.N. Subrahmanyan, Chairman and MD says the quarter ended on a strong note and the company achieved the highest ever quarterly order inflow in its history. "The upcoming Union Budget is expected to emphasise building infrastructure, adoption of technology, improving learning efficacy and skill development and policy continuity towards Energy Transition which will provide necessary impetus to the Indian economy. We expect the Middle East to continue to strengthen its physical and digital infrastructure besides continuing to monetise its Oil & Gas assets. Amid this backdrop, the Company will continue to pursue excellence and leverage its strengths to seize new opportunities while remaining resilient.”

For the nine months ending December 31, 2025, L&T saw PAT at ₹9,540 crore, a growth of 10% y-o-y basis. Revenues at ₹ 181,342 crore recorded a y-o-y growth of 18%, with international revenues at ₹91,070 crore constituting 50% of the total revenues.

The overall order inflow for the nine months ended December 31, 2024, stood at ₹2,67,018 crore, up 16% y-o-y. International orders at ₹144,739 crore constituted 54% of the total. The consolidated order was at₹5,64,223 crore, a growth of 19% over March 2024.

In its outlook, L&T says the company will continue to pursue its objective of volume-led profitable and return accretive growth. "The Company has robust order prospects for the near term and is confident of maintaining its growth momentum by leveraging the emerging opportunities and maximising shareholder value on a sustainable basis."

Segment-wise, the infrastructure projects segment of L&T secured an order inflow of ₹49,070 crore during Q3, registering a growth of 14% on a y-o-y basis. The customer revenues at ₹32,134 crore registered a y-o-y growth of 15%, majorly attributed to the execution of a large order book.

The energy projects segment secured orders valued at ₹38,818 crore during Q3, a growth of more than 100% on a y-o-y basis, aided by the receipt of mega orders in both CarbonLite Solutions and Hydrocarbon businesses, respectively.

The hi-tech segment secured orders valued at ₹8,423 crore during Q3 and export orders constituted 15% of the total order inflow of the segment. The segment recorded customer revenues of ₹12,061 crore, up 8% YoY. The income from operations at ₹3,881 crore during the quarter ended December 31, 2024, grew 14%, thanks to disbursement strategy towards retailisation, and market expansion, with appropriate risk guardrails.