Risks
4 risks
Risk Intelligence
Legacy COVID-impacted projects weighing on margins
View Risks →
Larsen & Toubro Limited — Q1 FY24
L&T delivered a robust Q1 FY24 with group revenues of INR 47,900 crore (+34% YoY) and PAT of INR 2,490 crore (+46% YoY), driven by strong execution across infrastructure and hydrocarbon segments.
bullish
high
✓ Verified against BSE filing
2-Minute Summary
✦ AI-Generated from Full Transcript
L&T delivered a robust Q1 FY24 with group revenues of INR 47,900 crore (+34% YoY) and PAT of INR 2,490 crore (+46% YoY), driven by strong execution across infrastructure and hydrocarbon segments. Order inflows surged 57% YoY to INR 65,500 crore, led by infrastructure (more than doubled) and a sharp rise in hydrocarbon prospects. The order book reached a record INR 4.12 trillion, providing strong revenue visibility. EBITDA margin contracted 80bps to 10.2% due to legacy COVID-impacted EPC projects, but management expects these to conclude by Q3, with full-year project margin guidance of 9% unchanged. The company announced a INR 10,000 crore buyback and special dividend. Guidance for order inflow growth of 10-12% and revenue growth of 12-15% for FY24 was maintained. Key risk: execution delays or margin pressure from legacy projects could weigh on near-term profitability.
L&T ने पहली तिमाही में शानदार प्रदर्शन किया। कंपनी की कुल कमाई 47,900 करोड़ रुपये रही, जो पिछले साल से 34% ज्यादा है। मुनाफा 2,490 करोड़ रुपये रहा, जो 46% बढ़ा। यह बढ़ोतरी बुनियादी ढांचे और तेल-गैस क्षेत्रों में अच्छे काम के कारण हुई। नए ऑर्डर 57% बढ़कर 65,500 करोड़ रुपये हो गए। कंपनी के पास कुल ऑर्डर 4.12 लाख करोड़ रुपये का है, जिससे आने वाले समय में कमाई सुनिश्चित है। मुनाफे का मार्जिन थोड़ा घटकर 10.2% रहा, लेकिन कंपनी को उम्मीद है कि पुराने प्रोजेक्ट खत्म होने पर यह सुधरेगा। कंपनी ने 10,000 करोड़ रुपये का शेयर बायबैक और विशेष लाभांश का ऐलान किया।
Risks4 trackedTranscriptfull text
Research workspace
Focused Modules
Transcript
Full text
Call Transcript
Full transcript text is available on this route.
Read Transcript →Quarter Snapshot
Order Inflows
INR 65,500 crore
+57% YoY
Group order inflows for Q1 FY24, driven by infrastructure and hydrocarbon segments.
Order Book
INR 4.12 trillion
+34% YoY
Record order book as of June 2023, providing strong revenue visibility.
Prospect Pipeline
INR 10.07 trillion
+34% YoY
Total prospects for remaining nine months of FY24, led by hydrocarbon surge.
Hyderabad Metro Daily Ridership
536,000
+88% YoY
Record daily ridership achieved on July 24, 2023, up from 285k average in Q1 FY23.
Fast read
Guidance and risk preview
Management maintained guidance for 10-12% order inflow growth for the full year, despite strong Q1 performance.
Subdued EBITDA margins in Q1 due to legacy EPC projects from pre-COVID era; management expects completion by Q2/Q3 FY24.
View Risks →