L&T shares climb 1.6% after Q1 profit grows 12% YoY to ₹2,786 crore

In the early trade, the stock was trading 1.6% higher at ₹3,578.8 apiece on the National Stock Exchange (NSE). It gained 1.3% to ₹3,566.7 on the BSE.

L&T posted a 12% increase in consolidated net profit attributable to the company's owners at ₹2,786 crore in the June quarter. In the year-ago period, net profit stood at ₹2,493 crore.

The consolidated revenue from operations stood at ₹55,119.8 crore for Q1 FY25 as against ₹47,882.3, registering a year-on-year (YoY) growth of 15%.

The earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 15% YoY to ₹5,615 crore while the margin remained unchanged at 10.2%.

International revenues in the first quarter of fiscal year 2024-25 were at ₹26,248 crore, constituting 48% of the total revenues.

The group's consolidated order book, as of June 30, 2024, is ₹4,90,881 crore, growing 19% YoY, with the share of international orders at 38%.

SN Subrahmanyan, Chairman and Managing Director of L&T, said, "We have achieved steady growth across all financial parameters in Q1, 2024-25, despite the geopolitical situation across the globe. Amidst various transformational shifts happening worldwide, we are well-positioned to grasp these opportunities."

In the semiconductor sector, the firm recently inked a share purchase agreement with Bengaluru-based chip design company SiliConch Systems.