Larsen & Toubro Limited — Q4 FY25
L&T reported a robust Q1 FY25 with group revenues of ₹55,100 crore (+15% YoY) and PAT of ₹2,800 crore (+12% YoY), driven by strong execution in infrastructure, hydrocarbon, and...
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 FY25
Revenue growth to exceed 15% for FY25
Group revenues for 9M FY25 grew 18% YoY; strong order book supports upside to the initial 15% growth guidance.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1
Q3 FY25
Order inflow growth to surpass 10% for FY25
9M FY25 order inflows up 16% YoY; strong Q4 pipeline of INR 5.51 trillion expected to exceed the 10% guidance.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1
Q3 FY25
P&M EBITDA margin guidance maintained at 8.2% for FY25
Despite 7.6% margin in 9M, management expects Q4 margin to be higher to achieve full-year target.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1
Q3 FY25
Net working capital to revenue to remain around 12.7% by March 2025
Improved from 16.6% in Dec 2023; management expects to sustain this level, better than the earlier 15% guidance.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1