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Business Standard
28-05-2025
- Business
- Business Standard
L&T board pay jumps two-fold in FY25, employee headcount shrinks 1.4%
Larsen & Toubro's (L&T's) board of directors saw a two-fold jump in remuneration in the financial year 2024-25 (FY25), with median pay rising to ₹27.6 crore from ₹13.6 crore the previous year, the company's annual report shows. The number of directors in FY25 reduced from seven to six. The median remuneration for key managerial personnel (KMP) rose 7.7 per cent to ₹1.85 crore, with one executive listed under this category. L&T's total employee count, excluding the board and KMP, declined by 1.4 per cent to 56,458. However, the number of women employees rose 11.5 per cent to 4,965, while male employees declined 2.48 per cent to 51,493. The median salary for male staff increased 15.6 per cent to ₹11.29 lakh, while that for female staff rose 5.6 per cent to ₹7.1 lakh. The company employed 2,091 permanent workers in FY25, up 0.57 per cent from the previous year. This included 2,084 male and 7 women workers. The median wage for male workers declined by 3.8 per cent to ₹9.4 lakh, while the median wage for women workers rose 11.1 per cent to ₹13.57 lakh. Total staff expenses rose 13.6 per cent year-on-year to ₹46,769 crore in FY25, the company said, reflecting a combination of manpower ramp-up and salary revisions. Staff cost as a percentage of revenue declined by around 30 basis points, supported by higher topline growth. 'The group continues to focus on productivity improvements, digitalisation and manpower optimisation across its businesses,' the company said. The board-level pay hike comes amid a strong operational performance for the group. Order inflows for the year reached ₹3.57 trillion, up 18 per cent year-on-year, led by wins in infrastructure and energy. International orders, driven by sustained capex activity in the Gulf region, outpaced domestic wins for the second straight year. The company's order book crossed Rs 5 trillion during the year, closing at ₹5.79 trillion, a 22 per cent increase from the previous year. International orders now make up 46 per cent of the total order book. L&T posted revenues of ₹2.56 trillion in FY25, marking a 16 per cent growth. For the full year ended March 2025, the engineering conglomerate reported a net profit of ₹15,037 crore, up 15.1 per cent Y-o-Y. 'The global economic landscape remains unpredictable, shaped by rising policy uncertainties. Our company is closely monitoring these developments, especially given that a substantial part of our group's business originates outside India,' said SN Subrahmanyan, chairman and managing director in the annual report.
Time of India
08-05-2025
- Business
- Time of India
L&T Q4 profit rises 25% to Rs 5,497 crore
L&T released its Q4 results NEW DELHI: Infrastructure major Larsen & Toubro (L&T) on Thursday reported a 25% increase in consolidated profit after tax (PAT) to Rs 5,497 crore for the quarter ended on March 31, 2025, on the back of higher revenues. The company had posted a PAT of Rs 4,396 crore for the year-ago period, L&T said in a filing to BSE. Revenue from operations increased to Rs 74,392 crore over Rs 67,079 crore in the year-ago period, the filing said. The company won orders of Rs 3,56,631 crore at the group level during the year ended March 31, 2025, registering a YoY growth of 18%. International orders at Rs 2,07,478 crore during the year comprised 58% of the total order inflow. "We achieved the highest ever yearly order inflows in the company's history which buoys our order book to a record level," the company's CMD S N Subrahmanyan said. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
08-05-2025
- Business
- Business Standard
L&T Q4 net profit jumps 25% to Rs 5,497 crore, beats Street estimates
Engineering and construction major Larsen & Toubro (L&T) reported a 25 per cent rise in its consolidated net profit attributable to shareholders for the January–March quarter (Q4FY25), supported by higher revenues and an exceptional item. The company posted a net profit of Rs 5,497.3 crore, while revenue rose 10.9 per cent year-on-year (YoY) to Rs 74,392.28 crore. Order inflow for the quarter ended 31 March 2025 stood at Rs 89,613 crore, up 24 per cent YoY. Of this, international orders accounted for Rs 62,739 crore, comprising 70 per cent of the total, the company said. For the full financial year FY25, L&T reported a net profit of Rs 15,037 crore, up 15.1 per cent YoY. Revenue rose 15.7 per cent YoY to Rs 2,55,734 crore, driven by a robust order book and increased execution across its Projects & Manufacturing (P&M) businesses. The board recommended a final dividend of Rs 34 per equity share. While quarterly revenue missed analyst expectations—17 analysts polled by Bloomberg had projected Rs 76,298.1 crore—the net profit exceeded the consensus estimate of Rs 4,545.3 crore from 11 analysts. 'We achieved the highest-ever yearly order inflows in the company's history, which buoys our order book to a record level. Similarly, the strong revenue growth underpins our journey towards achieving operational excellence through innovation and digitalisation,' said S N Subrahmanyan, chairman and managing director, L&T. As of 31 March 2025, L&T's consolidated order book stood at Rs 5,79,137 crore, up 22 per cent YoY, with international orders accounting for 46 per cent of the total. The company secured fresh orders worth Rs 3,56,631 crore during FY25. Earnings before interest, tax, depreciation and amortisation (EBITDA) for Q4 stood at Rs 8,203 crore, up 13 per cent YoY, while EBITDA margin remained stable at 11 per cent. Expenses for the quarter rose 10 per cent to Rs 67,988.09 crore. 'During the year, the company has made strategic investments to strengthen its new-age businesses in semiconductor technologies and data centres. Growth in our traditional core business, combined with a focus on technology-driven new-age segments, will steer the company towards a diversified and future-ready portfolio,' Subrahmanyan said. In Q4, the infrastructure projects segment secured orders worth Rs 34,580 crore, up 10 per cent YoY. Energy projects recorded order inflows of Rs 32,201 crore, more than doubling from the previous year. The company's FY25 profit includes an exceptional gain of Rs 475 crore (net of tax) arising from the partial reversal of a previously recorded impairment provision related to its funded exposure in the erstwhile L&T Special Steels and Heavy Forgings joint venture. 'Despite turbulent global geopolitical dynamics, the Indian economic landscape continues to demonstrate resilience and stable growth. Driven by ongoing public infrastructure investments and a revival in private investments in areas like energy transition, data centres and real estate, India's economic growth is expected to continue,' Subrahmanyan said. He added that the government's prudent fiscal management, supported by the Reserve Bank of India's accommodative monetary stance to anchor inflation within an acceptable range, is expected to boost the momentum and quality of growth. However, L&T noted that global risks—such as US-led tariff measures, volatile crude prices and disrupted supply chains—pose uncertainty for cross-border trade and investment. Policy unpredictability and geopolitical tensions continue to cloud the macroeconomic outlook. In this environment, L&T said it will focus on the timely execution of its large order book, liquidity preservation and optimal use of capital and other resources, while remaining cautiously optimistic about emerging opportunities. The company also said the Gulf Cooperation Council's (GCC) transition from oil to clean energy and its industrialisation push offer attractive growth potential. Shares of L&T closed flat at Rs 3,320.60 on the BSE, while the benchmark BSE Sensex declined 0.51 per cent to 80,334.81 points.
Arabian Business
31-03-2025
- Business
- Arabian Business
India's L&T wins ‘ultra-mega' contract from QatarEnergy LNG, its largest order till date
India 's engineering and construction major Larsen & Toubro (L&T) announced it has secured an 'ultra-mega' contract from QatarEnergy LNG. The contract is estimated to be valued at about $1.75 billion. QatarEnergy LNG has awarded the offshore contract for the North Field Production Sustainability Offshore Compression Project (NFPS COMP 4) to Larsen & Toubro Limited (L&T) Hydrocarbon Business, the company said in a media release. It marks the largest single contract ever received by L&T, the company said. The scope of work encompasses the engineering, procurement, fabrication, installation, and commissioning of two offshore compression complexes – each comprising large offshore platforms with compression and power generation facilities. It also includes living quarters, flare platforms, interconnected bridges, and other associated structures to be located at approximately 80 kms off the northeast coast of Qatar. S N Subrahmanyan, Chairman & Managing Director, L&T, said securing QatarEnergy LNG's ultra-mega offshore contract is a landmark achievement. 'This prestigious project strengthens our global energy portfolio, while supporting Qatar's energy security objectives,' he said. Subramanian Sarma, Deputy Managing Director & President-L&T, said the collaboration not only strengthens the company's partnership but also reaffirms its commitment to supporting Qatar's strategic energy objectives through innovative and reliable solutions.
Zawya
27-03-2025
- Business
- Zawya
QatarEnergy awards 'ultra mega' offshore contract to India's L&T
QatarEnergy LNG has awarded an 'ultra mega' offshore contract for the North Field Production Sustainability Offshore Compression Project (NFPS COMP 4) to Larsen & Toubro Limited (L&T) Hydrocarbon Business (L&T Energy Hydrocarbon – LTEH). This is the largest single contract ever received by L&T, the company said in a statement to the Bombay Stock Exchange on Wednesday. The scope of work encompasses the engineering, procurement, fabrication, installation, and commissioning of two offshore compression complexes, each comprising large offshore platforms with compression & power generation facilities, living quarters, flare platforms, interconnected bridges, and other associated structures about 80 km off the northeast coast of Qatar. S N Subrahmanyan, Chairman & Managing Director- L&T, said the project strengthens its global energy portfolio while supporting Qatar's energy security objectives. While the contract value was not given, the 'ultra mega' project is valued at over INR 15,0000 ($1.75 billion) based on the company's project classifation. (Writing by P Deol; Editing by Anoop Menon) (
