Larsen & Toubro Limited — Q4 FY24
L&T reported a robust Q4 FY24 with group revenues up 15% YoY to INR 67,100 crore and recurring PAT up 8% YoY to INR 4,300 crore.
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.
Q3 FY24
Order inflow growth of 20%+ for FY24
Revised upward from earlier 12% guidance, driven by strong 9-month inflows and robust prospects pipeline of ₹6.27 trillion.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1
Q3 FY24
Revenue growth in high-teens for FY24
Revised upward from earlier 15% guidance, supported by strong execution momentum and large order book.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1
Q3 FY24
P&M EBITDA margin band of 8.25%-8.5% for FY24
Trimmed from earlier 8.5%-9% band due to postponement of margin recognition on new jobs into FY25.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1
Q3 FY24
NWC to sales ratio around 16.6% (±30bps) for FY24
Revised from 16%-18% band, reflecting sustained working capital discipline.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1