Larsen & Toubro Reports Strong Financial Performance for Q3 FY25
Varahi media.com online news,Mumbai, January 31st, 2025: Larsen & Toubro (L&T) has reported robust financial results for the quarter ended December 31, 2024, driven by strong order inflows

Varahi media.com online news,Mumbai, January 31st, 2025: Larsen & Toubro (L&T) has reported robust financial results for the quarter ended December 31, 2024, driven by strong order inflows and enhanced execution momentum across its Projects & Manufacturing (P&M) businesses.
The company recorded consolidated revenues of ₹ 64,668 crore, marking a 17% year-on-year (y-o-y) growth. International revenues stood at ₹ 32,764 crore, contributing 51% of the total revenue, reflecting improved execution in the global P&M portfolio.
For the nine-month period ended December 31, 2024, L&T achieved consolidated revenues of ₹ 181,342 crore, a 18% y-o-y increase, with international revenues of ₹ 91,070 crore accounting for 50% of total revenue.
The company reported a Consolidated Profit After Tax (PAT) of ₹ 3,359 crore for Q3 FY25, reflecting 14% growth compared to the same quarter in the previous year. For the nine-month period, PAT stood at ₹ 9,540 crore, registering a 10% y-o-y increase.

L&T recorded its highest-ever quarterly order inflow of ₹ 116,036 crore, reflecting a 53% y-o-y growth. The company secured orders across multiple geographies and diverse sectors, including Thermal Power, Renewable Energy, Power Transmission, Precision Engineering, Minerals & Metals, Water, Commercial Buildings, and Hydrocarbon Onshore. International orders amounted to ₹ 62,059 crore, contributing 53% of the total order inflow.
For the nine-month period, the total order inflow stood at ₹ 267,018 crore, growing 16% y-o-y, with international orders of ₹ 144,739 crore forming 54% of the total.
The consolidated order book reached ₹ 564,223 crore as of December 31, 2024, reflecting a 19% growth over March 2024, with international orders accounting for 42%.
Management Commentary
S.N. Subrahmanyan, Chairman and Managing Director, remarked:
“This quarter marks a milestone for L&T with our highest-ever quarterly order inflow, leading to a record order book. Our unwavering commitment to timely execution, operational excellence, and customer-centricity is reflected in our strong financial performance.
Our P&M businesses continue to thrive, supported by productivity enhancements from sustained digital adoption. Additionally, our strategic investment in E2E Networks aligns with our vision to harness AI and digital transformation, expanding our secure cloud services portfolio.
We anticipate the Union Budget to emphasize infrastructure development, technology adoption, skill enhancement, and energy transition policies, further driving economic growth. Meanwhile, the Middle East market continues to invest in physical and digital infrastructure, as well as oil & gas monetization. With these developments, L&T remains committed to seizing new opportunities while staying resilient.”
Segment-Wise Performance Highlights

Infrastructure Projects Segment
- Order inflow: ₹ 49,070 crore, 14% growth y-o-y
- International orders: 74% of total order inflow
- Order book: ₹ 361,282 crore (international orders: 37%)
- Revenue: ₹ 32,134 crore, 15% y-o-y growth
- International revenue share: 42%
- EBITDA margin: Stable at 5.5%
Energy Projects Segment
- Order inflow: ₹ 38,818 crore, >100% growth y-o-y
- International orders: 33% of total order inflow
- Order book: ₹ 145,827 crore (international share: 66%)
- Revenue: ₹ 11,051 crore, 41% y-o-y growth
- International revenue share: 66%
- EBITDA margin: 8.3% (vs. 9.7% in previous year)
Hi-Tech Manufacturing Segment
- Order inflow: ₹ 8,423 crore, >100% growth y-o-y
- Export orders: 15% of total inflow
- Order book: ₹ 41,769 crore (exports: 11%)
- Revenue: ₹ 2,433 crore, 18% y-o-y growth
- International revenue share: 23%
- EBITDA margin: 18.2% (vs. 16.7% in previous year)
IT & Technology Services (IT&TS) Segment
- Revenue: ₹ 12,061 crore, 8% y-o-y growth
- International revenue share: 93%
- EBITDA margin: 18.7% (vs. 20.7% in previous year)
Financial Services Segment
- Revenue: ₹ 3,881 crore, 14% y-o-y growth
- Total Loan Book: ₹ 95,120 crore (y-o-y growth: 16%)
- Retail loan book share: 97%
- PBT: ₹ 824 crore, stable y-o-y
Development Projects Segment
- Revenue: ₹ 1,434 crore, 18% y-o-y growth
- EBIT: ₹ 149 crore, 26% y-o-y growth

Others Segment
- Revenue: ₹ 1,674 crore, 9% y-o-y growth
- Export sales: 11%
- EBITDA margin: 27.5% (vs. 24.4% in previous year)
Outlook
L&T remains optimistic about growth prospects, supported by infrastructure expansion, digital transformation, energy transition, and global market opportunities. With a record order book and robust execution momentum, the company is well-positioned to drive sustainable growth in the coming quarters.