L&T Board to Consider Fundraising via Debt Issue on March 21

Larsen & Toubro (L&T) has announced that its board of directors will meet on March 21, 2025, to consider a proposal for fundraising through a debt issue. The company disclosed this in a regulatory filing on March 18, stating that the meeting will seek board approval for the same.

Debt Issue Proposal

The March 21 board meeting will focus on the fundraising proposal via debt issuance, as per regulatory requirements. No further details have been provided on the expected amount or structure of the debt issue.

L&T’s decision will be based on its financial strategy and market conditions, with further updates likely after the board meeting.

Q3FY25 Financial Performance

For the quarter ended December 31, 2024, L&T reported a net profit of ₹3,359 crore, an increase of 14% year-on-year. The company’s consolidated revenue stood at ₹64,668 crore, reflecting a 17% growth compared to the same period last year. The increase was driven by execution momentum in its Projects and Manufacturing (P&M) businesses.

During the quarter, international revenue stood at ₹32,764 crore, contributing 51% of the company’s total revenue. The growth was attributed to improved execution in the international P&M portfolio.

EBITDA Performance and Margins

L&T’s EBITDA for the quarter was ₹6,255 crore, up 8.6% from the previous year. However, this figure was lower than market expectations of ₹6,636 crore. EBITDA margins stood at 9.7%, compared to 10.5% in the year-ago period.

Market Performance

As of March 19, 2025, at 1:02 PM, Larsen & Toubro Ltd shares were trading at ₹3,312.80, up ₹42.10 (1.29%) for the day, but down 10.07% over the past six months and 5.39% over the past year.

Conclusion

The outcome of the March 21 board meeting will provide clarity on L&T’s fundraising plans and potential impact on its financial position. Further details are expected following the board’s decision.

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