Live update on L&T Q4 Results at 6:00 p.m.: highlights of FY24
• The total consolidated revenue for FY24 increased from ₹1.8 lakh crore to ₹2.2 lakh crore, a 21% YoY increase. In FY24, the percentage of foreign revenue rose from 38% in FY23 to 43%.
• In terms of operations, EBITDA for FY24 rose by 13% YoY to ₹23,494 crore from ₹20,753 crore in the prior year.
•Finally, the net profit for the year increased from ₹10,471 crore in FY23 to ₹13,059 crore in FY24, a 25% YoY increase.
L&T Q4 Results Live Update at 5:50 pm: On the operational front the EBITDA for the quarter also increased by 6% YoY to ₹7,243 crore in Q4FY24 vs ₹6,833 crore in previous year same quarter. However, the EBITDA margins for the quarter contracted from 11.7% in Q4FY23 to 10.8% in Q4FY24.
L&T Q4 Results Live Update at 5:45 pm: The revenue for the quarter rose by 14.9% YoY to ₹67,078 crore in Q4FY24 vs ₹58335 crore in Q4FY23.The share of international revenues during the quarter was 45%.
L&T Q4 Results Live Update at 5:40 pm: The consolidated order inflow for the company exceeds ₹3 lakh crore for FY24 up by 31% YoY. International orders at ₹ 1.6 lakh crore during the year comprised 54% of the total order inflow with higher ordering momentum witnessed in GCC countries.
Live Update on L&T Q4 Results at 5:40 p.m:For FY24, the company’s overall order inflow surpassed ₹3 lakh crore, representing a 31% YoY increase. During the year, foreign orders accounted for 54% of total orders received, with the GCC countries witnessing stronger ordering momentum. Total orders received were ₹ 1.6 lakh crore.
Live Update on L&T Q4 Results at 5:34 p.m: The corporation announced a ₹13,059 crore YoY increase in profit for FY24. primarily driven by a robust 21% YoY increase in revenue to ₹2.2 lakh crore for the year.
Live Update on L&T Q4 Results at 5:03 p.m. The performance of Larsen & Toubro in Q3 FY24
For the quarter ending December 31, 2023, Larsen & Toubro had consolidated Revenues of ₹55,128 crore, representing a YoY rise of 19%. At ₹24,300 crore, international revenues for the quarter made up 44% of overall revenue.
In comparison to the same quarter last year, the company’s Consolidated Profit after Tax (PAT) for Q3 FY24 was ₹2,947 crore, a 15% increase.
Live Update on L&T Q4 Results at 4:29 p.m: The infrastructure giant will soon release its Q4 FY24 financial figures.
Live Update on L&T Q4 Results at 3:45 p.m: On the NSE, shares of Larsen & Toubro closed 1.6% higher at ₹3,482.7. The fourth quarter of FY24’s results will soon be made public.
Live Update on L&T Q4 Results @ 3:20 PM: On the NSE, shares of the large infrastructure company were up 1.6% at ₹3,484.
Live Update on L&T Q4 Results @ 14:33 PM: A CNBC-TV18 poll predicts that the infrastructure behemoth’s consolidated net profit in Q4 FY24 will be approximately ₹4,267 crore. In Q4 of FY23, the company declared a net profit of ₹3,987 crore. Additionally, it is predicted that sales will rise from ₹58,335 crore to ₹66,280 crore in the quarter ending on March 31, 2024.
Live Update on L&T Q4 Results @ 14:01 PM: Distribution of Shares
On Wednesday, the Nomination & Remuneration Committee (NRC) of L&T authorized the distribution of 85,567 equity shares to grantees who had executed their options through the Employee Stock Option Schemes of the business.
Live Update on L&T Q4 Results at 13:27 PM: Trading statistics
- Low: ₹3,367
- 0 (+0.9%)
- Open: ₹3,429
- High: ₹3,477
- Total m-cap: ₹4,75,724 crore
- Free float m-cap: ₹4,08,786 crore
- Share price: ₹3,46
Live Update on L&T Q4 Results at 12:42 p.m: On the NSE, shares of the infrastructure company were up 0.5% at ₹3,445.
Live Update on L&T Q4 Results at 12:01 PM: Directors’ Board
- T Madhava Das- Whole-time Director and Sr. Executive Vice President (Utilities)
- Anil V Parab- Whole-Time Director and Sr. Executive Vice President (Heavy Engineering & L&T Valves)
- SN Subrahmanyan- Chairman and Managing Director
- R Shankar Raman- Whole-time Director and Chief Financial Officer
- Subramanian Sarma- Whole-time Director and Sr. Executive Vice President (Energy)
- SV Desai- Whole-time Director and Sr. Executive Vice President (Civil Infrastructure)
Live Update on L&T Q4 Results at 11:28 a.m: Companies engaged in
- L&T SuFin
- L&T Valves
- L&T Technology Services
- L&T IDPL
- L&T Metrol rail
- LTI Mindtree
Live Update on L&T Q4 Results @ 10:40 AM: Trading Statistics
- Share price: ₹3,388 (-1.1%)
- Open: ₹3,429
- High: ₹3,429.9
- Low: ₹3,367
- Total m-cap: ₹4,65,833 crore
- Free float m-cap: ₹3,99,878 crore
- Construction
- Hydrocarbon
- Power
- Minerals and metals
- Heavy engineering
- Precision engineering and systems
- Defence shipbuilding
- Construction and mining machinery
- Finance
- Realty
- Greentech
- Edutech
L&T Q4 Findings Live news at 10:00 a.m: L&T secures orders worth between ₹5,000 and ₹10,000 crore.
Larsen & Toubro’s Power Transmission & Distribution (PT&D) division has secured numerous orders worth ₹5,000 crore to ₹10,000 crore both domestically and internationally.
The company has successfully secured orders to construct two floating solar plants in India. Together with a 120 MWac ground-mounted solar PV capacity, the orders include a cumulative floating solar capacity of over 150 MWac. Installing solar modules on buildings that float in a body of water—usually a reservoir, lake, or abandoned quarry—is the basis of floating solar projects. In contrast to ground-mounted solar plants, floating solar plants usually require less civil work and don’t require the acquisition of land. Other site-specific benefits in addition to lowering water evaporation,” the business stated in a regulatory filing.
Live Update on L&T Q4 Results at 9:10 a.m: In anticipation of the Q4 FY24 results, Larsen & Toubro’s shares were 1.1% lower at ₹3,388 on Wednesday.
Live Update on L&T Q4 Results at 9:10 a.m. On Wednesday, May 8, Larsen & Toubro will announce its financial results for the fourth quarter of its fiscal year 2023–2024.
Live Q4 Results for L&T: On Wednesday, May 8, infrastructure giant Larsen & Toubro (L&T) will announce its financial results for the quarter that concluded on March 31, 2024.
An important international conglomerate based in India, Larsen & Toubro (L&T) is well-known in the engineering, construction, manufacturing, and technology industries. The business operates in a number of sectors, including finance, technology, infrastructure, and defense.