Larsen & Toubro Ltd (OTCPK:LTOUF)

Q3 2025 Larsen and Toubro Ltd Earnings Call Transcript

Jan 30, 2025 / 10:59 AM GMT

Release Date Price: $45.65

Transcript

Key Points

Positve

Larsen & Toubro Ltd (LTOUF) reported the highest ever order inflow in its history, amounting to INR1.16 trillion, marking a 53% year-on-year growth.
The company achieved a robust 17% year-on-year growth in group revenues for the quarter, driven by strong execution momentum in infrastructure, hydrocarbon, and precision engineering systems.
Larsen & Toubro Ltd (LTOUF) improved its net working capital to sales ratio from 16.6% in December 2023 to 12.7% in December 2024, backed by strong customer collections.
The company recorded its highest ever deal wins in the IT and technology services segment, with significant large deals contributing to the growth.
Larsen & Toubro Ltd (LTOUF) is confident of surpassing its 10% guidance on order inflows for FY 2025, with a strong prospects pipeline for the upcoming quarter.

Negative

The company's EBITA margin at the group level declined to 9.7% from 10.4% in the previous year, primarily due to a revenue mix favoring lower-margin segments.
There was a slight increase in credit costs in the financial services business, impacting the overall profit growth.
The order prospects pipeline decreased by 12% compared to the previous year, primarily due to a fall in hydrocarbon and carbon light prospects.
The infrastructure segment margins have been softer over the last few years, with no significant expansion observed.
The Hyderabad Metro posted a loss at the PAT level, although the loss was reduced compared to the previous year.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

LART.NS - Larsen and Toubro Ltd
Q3 2025 Larsen and Toubro Ltd Earnings Call
Jan 30, 2025 / NTS GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day. And welcome to the last one in Two Pro Limited Q3 F 525 earnings conference call.

As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call? Please signal an operator by pressing star then zero on your touchtone phone.

Please note that this conference is being recorded today. We have with us on the call, Mr Subrahmanyan Sharma whole time director and President of the Energy Division and Mr P Ramakrishnan, head Investor Relations of Larson and Two Pro Limited.

I now hand the conference over to Mr P Ramakrishnan.

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