Rs 4,909 Billion Order Book: Infrastructure Giant Bags Order Worth Between Rs 1,500 Crore to Rs 2,500 Crore from a Navratna PSU Company!
DIIs have raised their stake in the company as per the Q2 FY25 update while the Government holds around 0.24 per cent stake.
Larsen & Toubro's Hydrocarbon Business (L&T Energy Hydrocarbon – LTEH) has secured a significant order through its AdVENT Business Vertical from a Navratna Government of India Undertaking, a leading manufacturer of fertilizers and chemicals. The project entails the License, Engineering, Procurement, and Construction (L-EPC) of a 1,200 MTPD (DAP basis) NPK fertilizer plant, along with related utilities and off-site facilities, for Rashtriya Chemicals and Fertilizers Limited (RCF) at their Thal unit in Raigad district, approximately 100 km from Mumbai.
According to Larsen & Toubro's project classification, a "significant" contract refers to an order with a value ranging between Rs 1,000 crore and Rs 2,500 crore.
Larsen & Toubro Ltd is a Large-Cap multinational conglomerate that is primarily engaged in providing engineering, procurement, and construction (EPC) solutions in key sectors such as Infrastructure, Hydrocarbon, Power, Process Industries and Defence, Information Technology, and Financial Services in domestic and international markets.
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On Thursday, the shares of Larsen & Toubro Ltd closed the day at around Rs 3567 per share on the BSE. The current market capitalization stands at Rs 4.90 lakh crore. Additionally, the shares have delivered a return of around 16 per cent in the past year.
As per the Quarterly Results, in Q1 FY25, Larsen & Toubro Ltd recorded a revenue of Rs 55120 crore from Rs 47882 crore. The operating profit for Q1 FY25 stood at Rs 7046 crore. The net profit for Q1 FY25 stood at Rs 3445 crore compared to a profit of Rs 3096 crore last year same quarter. Looking at the annual performance, the company generated a revenue of Rs 221113 crore in FY24. The operating profit for FY24 was Rs 29865 crore with a net profit of Rs 15547 crore compared to a net profit of Rs 12531 crore in FY23.
Disclaimer: The article is for informational purposes only and not investment advice.