Larsen & Toubro Limited — Q2 FY25
L&T delivered a robust Q2 FY25 with group revenues of INR 61,600 crore, up 21% YoY, driven by strong execution in infrastructure and hydrocarbon.
bullish
high
✓ Verified against BSE filing
Indian management teams deliver on roughly 12% of specific earnings-call promises. A low score does not indicate dishonesty — it reflects how aspirational forward guidance typically is.
Q1 FY25
Order inflow growth of 10% for FY25
Management reaffirmed the 10% order inflow growth guidance for FY25, despite a 10% drop in the prospects pipeline, citing a 22-23% conversion rate.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1
Q1 FY25
P&M margin target of 8.2-8.25% for FY25
Management maintained the P&M margin guidance of 8.2-8.25% for FY25, with Q1 margins at 7.6% (up 20 bps YoY).
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1
Q1 FY25
Group revenue growth of 15% for FY25
Management reiterated the 15% group revenue growth guidance, with H2 expected to be stronger due to domestic execution ramp-up.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1