Larsen & Toubro Limited — Q3 FY25
L&T reported a strong Q3 FY25 with group revenues of INR 64,700 crore (+17% YoY) and PAT of INR 3,360 crore (+14% YoY).
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.
Q2 FY25
Group order inflow growth of 10% for FY25
Management reaffirmed guidance of 10% growth in consolidated order inflows for FY25, implying ~INR 3.3 lakh crore.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1
Q2 FY25
Group revenue growth of 15% for FY25
Revenue guidance of 15% YoY growth for the group is maintained.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1
Q2 FY25
P&M portfolio margin around 8.2-8.25% for FY25
Management expects P&M EBITDA margin to remain around the FY24 level of 8.2-8.25%.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1
Q2 FY25
Net working capital to revenue target of ~15% by March 2025
NWC/sales ratio expected to be around 15% as of March 2025, improved from 16.7% in Sep 2023.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1