Larsen & Toubro shares decline to day's low
Shares of Larsen & Toubro are down nearly half a percent, touching an intra-day low of Rs 3,487.
The company's board is scheduled to convene on July 29, 2025, to review and approve the unaudited consolidated and standalone financial results for the quarter ended June 30, 2025.
Financial Performance:
The following table presents Larsen & Toubro's consolidated quarterly financial performance:
HeadingMar 2024Jun 2024Sep 2024Dec 2024
Mar 2025RevenueRs 67,078.68 CroreRs 55,119.82 CroreRs 61,554.58 CroreRs 64,667.78 Crore
Rs 74,392.28 CroreNet ProfitRs 5,003.54 CroreRs 3,440.11 CroreRs 4,112.81 CroreRs 4,001.03 Crore
Rs 6,133.44 CroreEPS31.9820.2624.6924.43
39.98
The revenue for the quarter-ending March 2025 stood at Rs 74,392.28 Crore, a notable increase compared to Rs 67,078.68 Crore in March 2024. The net profit for the same period was Rs 6,133.44 Crore, up from Rs 5,003.54 Crore in the previous year. Earnings per share (EPS) also increased from 31.98 to 39.98.
The following table presents Larsen & Toubro's consolidated yearly financial performance:
Heading2021202220232024
2025RevenueRs 135,979.03 CroreRs 156,521.23 CroreRs 183,340.70 CroreRs 221,112.91 Crore
Rs 255,734.45 CroreNet ProfitRs 4,668.96 CroreRs 10,291.05 CroreRs 12,624.87 CroreRs 15,569.72 Crore
Rs 17,687.39 CroreEPS82.4961.7174.5193.96
109.36BVPS625.97678.79736.87746.01
710.12ROE15.2610.5211.7215.12
15.39Debt to Equity1.731.501.331.32
1.33
The annual revenue saw consistent growth, increasing from Rs 135,979.03 Crore in 2021 to Rs 255,734.45 Crore in 2025. Similarly, net profit rose from Rs 4,668.96 Crore in 2021 to Rs 17,687.39 Crore in 2025. The company’s Earnings Per Share (EPS) also improved, reaching Rs 109.36 in 2025 compared to Rs 82.49 in 2021.
Annual Income Statement:
Mar 2025Mar 2024Mar 2023Mar 2022
Mar 2021SalesRs 255,734 CroreRs 221,112 CroreRs 183,340 CroreRs 156,521 Crore
Rs 135,979 CroreOther IncomeRs 4,124 CroreRs 4,158 CroreRs 2,929 CroreRs 2,267 Crore
Rs 3,429 CroreTotal IncomeRs 259,859 CroreRs 225,270 CroreRs 186,269 CroreRs 158,788 Crore
Rs 139,408 CroreTotal ExpenditureRs 232,946 CroreRs 201,207 CroreRs 165,953 CroreRs 141,154 Crore
Rs 126,815 CroreEBITRs 26,913 CroreRs 24,062 CroreRs 20,316 CroreRs 17,633 Crore
Rs 12,593 CroreInterestRs 3,334 CroreRs 3,545 CroreRs 3,207 CroreRs 3,125 Crore
Rs 3,913 CroreTaxRs 5,891 CroreRs 4,947 CroreRs 4,484 CroreRs 4,216 Crore
Rs 4,010 CroreNet ProfitRs 17,687 CroreRs 15,569 CroreRs 12,624 CroreRs 10,291 Crore
Rs 4,668 Crore
Quarterly Income Statement:
Mar 2025Dec 2024Sep 2024Jun 2024
Mar 2024SalesRs 74,392 CroreRs 64,667 CroreRs 61,554 CroreRs 55,119 Crore
Rs 67,078 CroreOther IncomeRs 1,135 CroreRs 967 CroreRs 1,101 CroreRs 920 Crore
Rs 1,041 CroreTotal IncomeRs 75,527 CroreRs 65,635 CroreRs 62,655 CroreRs 56,040 Crore
Rs 68,120 CroreTotal ExpenditureRs 66,767 CroreRs 59,459 CroreRs 56,216 CroreRs 50,502 Crore
Rs 60,772 CroreEBITRs 8,759 CroreRs 6,175 CroreRs 6,439 CroreRs 5,538 Crore
Rs 7,348 CroreInterestRs 745 CroreRs 842 CroreRs 884 CroreRs 861 Crore
Rs 926 CroreTaxRs 1,880 CroreRs 1,332 CroreRs 1,442 CroreRs 1,236 Crore
Rs 1,418 CroreNet ProfitRs 6,133 CroreRs 4,001 CroreRs 4,112 CroreRs 3,440 Crore
Rs 5,003 Crore
Cash Flow:
Mar 2025Mar 2024Mar 2023Mar 2022
Mar 2021Operating ActivitiesRs 9,160 CroreRs 18,266 CroreRs 22,776 CroreRs 19,163 Crore
Rs 22,844 CroreInvesting ActivitiesRs -15,517 CroreRs 2,163 CroreRs -8,311 CroreRs -3,667 Crore
Rs -5,428 CroreFinancing ActivitiesRs 6,556 CroreRs -25,413 CroreRs -11,572 CroreRs -15,181 Crore
Rs -15,274 CroreOthersRs 28 CroreRs 15 CroreRs 263 CroreRs 82 Crore
Rs 0 CroreNet Cash FlowRs 228 CroreRs -4,968 CroreRs 3,156 CroreRs 396 Crore
Rs 2,140 Crore
Balance Sheet:
Mar 2025Mar 2024Mar 2023Mar 2022
Mar 2021Share CapitalRs 275 CroreRs 274 CroreRs 281 CroreRs 496 Crore
Rs 1,404 CroreReserves & SurplusRs 97,380 CroreRs 85,533 CroreRs 88,577 CroreRs 81,755 Crore
Rs 75,204 CroreCurrent LiabilitiesRs 201,970 CroreRs 176,600 CroreRs 162,065 CroreRs 159,433 Crore
Rs 137,408 CroreOther LiabilitiesRs 79,897 CroreRs 77,217 CroreRs 79,427 CroreRs 78,363 Crore
Rs 97,257 CroreTotal LiabilitiesRs 379,524 CroreRs 339,627 CroreRs 330,352 CroreRs 320,048 Crore
Rs 311,273 CroreFixed AssetsRs 38,295 CroreRs 38,207 CroreRs 37,907 CroreRs 36,509 Crore
Rs 36,752 CroreCurrent AssetsRs 245,341 CroreRs 218,079 CroreRs 222,204 CroreRs 208,181 Crore
Rs 194,966 CroreOther AssetsRs 95,886 CroreRs 83,339 CroreRs 70,240 CroreRs 75,358 Crore
Rs 79,554 CroreTotal AssetsRs 379,524 CroreRs 339,627 CroreRs 330,352 CroreRs 320,048 Crore
Rs 311,273 CroreContingent LiabilitiesRs 28,086 CroreRs 21,246 CroreRs 19,620 CroreRs 23,020 Crore
Rs 21,540 Crore
Key Financial Ratios:
Mar 2025Mar 2024Mar 2023Mar 2022
Mar 2021Basic EPS (Rs.)109.3693.9674.5161.71
82.49Diluted Eps (Rs.)109.2893.8874.4561.65
82.41Book Value /Share (Rs.)710.12746.01736.87678.79
625.97Dividend/Share (Rs.)34.0034.0024.0022.00
36.00Face Value2222
2Gross Profit Margin (%)11.9412.5012.9113.08
14.01Operating Margin (%)10.3310.8411.0011.20
11.87Net Profit Margin (%)6.917.046.886.57
9.49Return on Networth (%)15.3915.1211.7210.52
15.26ROCE (%)14.8914.7011.9910.91
9.28Return On Assets (%)3.963.843.162.70
3.72Current Ratio (X)1.211.231.371.31
1.42Quick Ratio (X)1.181.201.331.27
1.38Debt to Equity (x)1.331.321.331.50
1.73Interest Coverage Ratios (X)9.177.807.386.55
4.13Asset Turnover Ratio (%)0.710.660.450.42
43.68Inventory Turnover Ratio (X)3.872.892.812.81
23.363 Yr CAGR Sales (%)27.8227.5212.277.59
6.593 Yr CAGR Net Profit (%)31.1082.6111.433.17
-25.62P/E (x)31.9340.0629.0528.64
17.20P/B (x)4.926.013.413.01
2.63EV/EBITDA (x)19.7822.9217.5017.86
17.20P/S (x)1.882.351.661.59
1.47
Corporate Actions:
Larsen & Toubro announced a final dividend of Rs 34 per share with an effective date of June 03, 2025. Earlier dividends include Rs 28 per share (effective date: June 20, 2024) and Rs 24 per share along with a special dividend of Rs 6 per share (effective date: August 02, 2023).
The company has a history of bonus issues, with the latest being announced on May 29, 2017, with a bonus ratio of 1:2 and an ex-bonus date of July 13, 2017.
Very bearish sentiment was indicated for Larsen & Toubro as of July 16, 2025, according to Moneycontrol analysis.With the stock currently trading at Rs 3,488.50, Larsen & Toubro reflects a marginal decrease in the morning session.