L&T Technology Services is set to release its third-quarter results for fiscal 2025 today. As per news reports, L&T Technology is expected to report a 3% year-on-year drop in net profit, while revenues may see a 10% YoY growth in the third quarter.
As per news reports, L&T Technology is expected to report a 3% year-on-year drop in net profit, while revenues may see a 10% YoY growth in the third quarter.
Revenue growth is projected at 3.2% quarter-on-quarter in constant currency terms, driven by the sustainability and hi-tech sectors.
However, the mobility segment may see weak growth after consecutive strong quarters and broader industry challenges.
EBIT margin is expected to improve by 40 basis points QoQ to 15.5%, thanks to reduced sales and marketing expenses, partially offset by the impact of wage hikes. The company is likely to revise its revenue growth guidance to 7-8% for FY2025, as per news reports.
Larsen & Toubro (L&T) has reported a 5.4% year-on-year increase in its net profit, reaching ₹3,395 crore for the second quarter of FY25. The company anticipated stronger domestic orders for the remainder of FY25, following a slower start in the first two quarters.
Q2 earnings were supported by improved execution, although they were impacted by a one-time income recorded in the same period last year.
L&T’s new orders for the quarter totalled ₹80,045 crore, marking a 10% year-on-year decline, as domestic orders moderated. The company expected a rebound in the coming months. The company’s net sales increased by 20% year-on-year to ₹61,555 crore, with international revenues contributing ₹32,057 crore, or 52% of total sales.
The company also reported an EBITDA of ₹6,362 crore, reflecting a 13% increase from the previous year. L&T’s order book reached a record ₹5.1 trillion as of September 2024, with 40% from international markets.
The company maintained its full-year guidance, expecting 15% revenue growth and a 10% increase in order inflows.
TCS, the IT giant, posted a revenue of ₹63,973 crore, reflecting a 0.4% decline quarter-on-quarter (QoQ) but a 5.6% increase year-on-year.
Meanwhile, HCL Tech saw a 3.6% QoQ and 5.1% YoY rise in revenue, reaching ₹29,890 crore. News reports attribute HCL’s growth to its product-driven expansion, while TCS’s revenue faced challenges due to a decrease in contributions from the BSNL deal.
L&T Technology’s share price traded 0.71% higher at ₹4,740.05 at 9:20 AM on the NSE. The stock opened at ₹4,717 higher than ₹4,706 at its previous close.
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Published on: Jan 15, 2025, 12:32 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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