L&T Share Price Falls 1.62% on November 26, 2024

Larsen & Toubro (L&T) was gaining the spotlight on Tuesday. On November 26, 2024, on the NSE, LT share price opened at ₹3,754.90, slightly up from its previous close of ₹3,753.00. At 12:27 PM, the share price of LT was trading at ₹3,692.10, down by 1.62%. The market cap of the company was ₹5,07,711.98 crore. As of 12:27 PM, the share price touched its day’s low at ₹3,690.45.

However, the company’s share price touched its 52-week low at ₹3,035.00 on November 28, 2023.

Latest Developments

Earlier this month, L&T Energy CarbonLite Solutions, a business vertical of L&T, received a ‘Limited Notice to Proceed’ (LNTP) from NTPC Ltd for the development of thermal power plants in Madhya Pradesh and Bihar.

The orders cover the main plant packages for the 2×800 MW Stage-II thermal power plant in Gadarwara, Madhya Pradesh, and the 3×800 MW Stage-II thermal power plant in Nabinagar, Bihar. The scope of work includes the design, engineering, manufacturing, supply, erection, and commissioning of boilers, turbines, electrostatic precipitators (ESP), auxiliaries, and related mechanical, electrical, instrumentation, and civil works.

Q2 and H1 FY25 Financial Highlights

For Q2 FY25, the company reported a 10% decline in order inflow, which stood at ₹800 million compared to ₹892 million in Q2 FY24. However, the total order book increased by 13%, rising from ₹4,507 million in H1 FY24 to ₹5,104 million in H1 FY25.

In terms of revenue, Q2 FY25 saw a 21% increase, reaching ₹616 million, up from ₹510 million in Q2 FY24. The company’s EBITDA margin slightly decreased to 10.3% in Q2 FY25 from 11.0% in Q2 FY24, reflecting a marginal dip in profitability. Despite this, the overall profit after tax (PAT) grew by 5%, reaching ₹34 million in Q2 FY25 compared to ₹32 million in Q2 FY24.

Looking at the half-year performance, for H1 FY25, the company reported an 8% increase in PAT, amounting to ₹62 million, compared to ₹57 million in H1 FY24. Revenue for H1 FY25 grew by 18%, from ₹989 million in H1 FY24 to ₹1,167 million in H1 FY25.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.