L&T Q4 Results Highlights: Net profit rises 10% YoY to ₹4,396 crore, declares dividend of ₹28 per share

• Consolidated net profit increased ₹10% YoY to ₹4,396 crore vs ₹3,987 crore in year-ago period.
• Revenue from operations grew by 15% to ₹67,079 crore vs ₹58,335 crore in the same period last year.
• A final dividend of ₹28 per equity share announced, subject to shareholders' approval.

L&T Q4 Results Live Update at 6:05 pm: Segmental Highlights

L&T Q4 Results Live Update at 6:00 pm: FY24 highlights

• Total consolidated revenue for the year FY24 rose by 21% YoY to ₹2.2 lakh crore, from ₹1.8 lakh crore in FY23. The share of international revenue increased from 38% in FY23 to 43% in FY24.
• On the operational front the EBITDA for the FY24 increased by 13% YoY to ₹23,494 crore vs ₹20,753 crore in previous corresponding year.
• Lastly, the net profit for the year rose by 25% YoY to ₹13,059 crore in FY24 as against ₹10,471 crore in FY23

L&T Q4 Results Live Update at 5:50 pm: On the operational front the EBITDA for the quarter also increased by 6% YoY to ₹7,243 crore in Q4FY24 vs ₹6,833 crore in previous year same quarter. However, the EBITDA margins for the quarter contracted from 11.7% in Q4FY23 to 10.8% in Q4FY24.

L&T Q4 Results Live Update at 5:45 pm: The revenue for the quarter rose by 14.9% YoY to ₹67,078 crore in Q4FY24 vs ₹58335 crore in Q4FY23.The share of international revenues during the quarter was 45%.

L&T Q4 Results Live Update at 5:40 pm: The consolidated order inflow for the company exceeds ₹3 lakh crore for FY24 up by 31% YoY. International orders at ₹ 1.6 lakh crore during the year comprised 54% of the total order inflow with higher ordering momentum witnessed in GCC countries

L&T Q4 Results Live Update at 5:34 pm: The company reported 25% YoY rise in FY24 profit at ₹13,059 crore. Largely led by strong growth in revenue for the year by 21% YoY to ₹2.2 lakh crore.

L&T Q4 Results Live Update at 5:03 pm: How Larsen & Toubro performed in Q3 FY24

Larsen & Toubro had achieved consolidated Revenues of ₹55,128 crore for the quarter ended December 31, 2023 recording a YoY growth of 19%. International revenues during the quarter at ₹24,300 crore constituted 44% of the total revenue.

The company for Q3 FY24 reported a Consolidated Profit after Tax (PAT) of ₹2,947 crore, registering growth of 15% compared to the corresponding quarter of the previous year.

L&T Q4 Results Live Update at 4:29 pm: The infrastructure major will announce financial results for Q4 FY24 shortly.

L&T Q4 Results Live Update at 3:45 pm: Larsen & Toubro shares closed at ₹3,482.7, up 1.6%, on the NSE. The results for the fourth quarter of FY24 will be released shortly.

L&T Q4 Results Live Update at 3:20 pm: Shares of the infrastructure major were trading 1.6% higher at ₹3,484 on the NSE.

L&T Q4 Results Live Update at 14:33 pm: According to CNBC-TV18 poll, the consolidated net profit of the infrastructure giant is expected to be around ₹4,267 crore in Q4 FY24. The company had reported a net profit of ₹3,987 crore in Q4 FY23. The revenue is also forecasted to increase to ₹66,280 crore in quarter ended on March 31, 2024 from ₹58,335 crore in the same period last year.

L&T Q4 Results Live Update at 14:01 pm: Allotment of Shares

The Nomination & Remuneration Committee (NRC) of L&T on Wednesday has approved allotment of 85,567 equity shares to those grantees who had exercised their options under the company’s Employee Stock Option Schemes.

L&T Q4 Results Live Update at 13:27 pm: Trading stats

• Share price: ₹3,460 (+0.9%)
• Open: ₹3,429
• High: ₹3,477
• Low: ₹3,367
• Total m-cap: ₹4,75,724 crore
• Free float m-cap: ₹4,08,786 crore

L&T Q4 Results Live Update at 12:42 pm: Shares of the infrastructure major were trading 0.5% higher at ₹3,445 on the NSE.

L&T Q4 Results Live Update at 12:01 pm: Board of Directors

• SN Subrahmanyan- Chairman and Managing Director
• R Shankar Raman- Whole-time Director and Chief Financial Officer
• Subramanian Sarma- Whole-time Director and Sr. Executive Vice President (Energy)
• SV Desai- Whole-time Director and Sr. Executive Vice President (Civil Infrastructure)
• T Madhava Das- Whole-time Director and Sr. Executive Vice President (Utilities)
• Anil V Parab- Whole-Time Director and Sr. Executive Vice President (Heavy Engineering & L&T Valves)

L&T Q4 Results Live Update at 11:28 am: Businesses involved in

• Construction
• Hydrocarbon
• Power
• Minerals and metals
• Heavy engineering
• Precision engineering and systems
• Defence shipbuilding
• Construction and mining machinery
• Finance
• Realty
• Greentech
• Edutech
• L&T SuFin
• L&T Valves
• L&T Technology Services
• L&T IDPL
• L&T Metrol rail
• LTI Mindtree

L&T Q4 Results Live Update at 10:40 am: Trading stats

• Share price: ₹3,388 (-1.1%)
• Open: ₹3,429
• High: ₹3,429.9
• Low: ₹3,367
• Total m-cap: ₹4,65,833 crore
• Free float m-cap: ₹3,99,878 crore

L&T Q4 Results Live Update at 10:00 am: L&T bags orders in ₹5,000 crore to ₹10,000 crore range

The Power Transmission & Distribution (PT&D) business of Larsen & Toubro has won multiple orders in India and abroad in the range of ₹5,000 crore to ₹10,000 crore.

"The business has bagged orders to establish two Floating Solar Plants in India. The orders comprise a cumulative floating solar capacity of more than 150 MWac, in addition to a ground-mounted Solar PV of 120 MWac capacity. Floating Solar projects involve mounting solar modules on structures that float in a water body, typically a reservoir/ lake/ abandoned quarry. Compared to ground-mounted solar plants, floating solar plants do not require land acquisition and typically involve less civil works. There are other site-specific merits too, besides reduction of water evaporation," the company said in a regulatory filing

L&T Q4 Results Live Update at 9:10 am: Shares of Larsen & Toubro were trading 1.1% lower at ₹3,388 on Wednesday ahead of Q4 FY24 results.

L&T Q4 Results Live Update at 9:10 am: Larsen & Toubro will release its results for the fourth quarter of financial year 2023-24 on Wednesday, May 8.

L&T Q4 Results LIVE: Infrastructure major Larsen & Toubro (L&T) will release its financial results for the quarter ended on March 31, 2024 on Wednesday, May 8.

Larsen & Toubro (L&T) is a major Indian multinational conglomerate with a significant presence in the engineering, construction, manufacturing, and technology sectors. The company is involved in various industries, including infrastructure, defence, technology, and finance.

Other companies that will announce their Q4 results today include Hero MotoCorp, TVS Motor, Tata Power, JG Chemicals, Bharat Forge, Godrej Agrovet, HT Media, ESAF Small Finance Bank, Sula Vineyards, Sterlite Technologies and Piramal Enterprises .