Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 14.99 % in the past year, substantial increase in net sales/revenue by 21.68 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 39.67 %. Marginal increase in other income during this quarter, up by 25.75%.
- Profit over the Year and quarter: Significant improvement in profitability for Larsen & Toubro Limited. Notable increase of 12.44 % in net profit Year to Year, Larsen & Toubro Limited’s profitability increased by 39.53 % in this quarter.
- EPS over the Year and quarter: EPS increased by 12.72 % Year to Year. EPS increased by 49.16 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 58335.15 Cr | Rs. 55127.82 Cr | Rs. 67078.68 Cr | + 21.68 % | + 14.99 % |
| Expenses | Rs. 51502.2 Cr | Rs. 49368.82 Cr | Rs. 59844.69 Cr | + 21.22 % | + 16.2 % |
| Operating Profit | Rs. 6832.95 Cr | Rs. 5759 Cr | Rs. 7233.99 Cr | + 25.61 % | + 5.87 % |
| OPM % | 11.71 % | 10.45 % | 10.78 % | + 0.33 % | -0.93 % |
| Other Income | Rs. 752.75 Cr | Rs. 836.08 Cr | Rs. 1051.37 Cr | + 25.75 % | + 39.67 % |
| Interest | Rs. 813 Cr | Rs. 904.17 Cr | Rs. 926.3 Cr | + 2.45 % | + 13.94 % |
| Depreciation | Rs. 853.5 Cr | Rs. 920.75 Cr | Rs. 1021.2 Cr | + 10.91 % | + 19.65 % |
| Profit before tax | Rs. 5919.2 Cr | Rs. 4770.16 Cr | Rs. 6337.86 Cr | + 32.86 % | + 7.07 % |
| Tax % | 24.73 % | 24.67 % | 22.09 % | -2.58 % | -2.64 % |
| Net Profit | Rs. 4458.58 Cr | Rs. 3592.84 Cr | Rs. 5013.17 Cr | + 39.53 % | + 12.44 % |
| EPS in Rs | Rs. 28.37 | Rs. 21.44 | Rs. 31.98 | + 49.16 % | + 12.72 % |
Today, we’re looking at Larsen & Toubro Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 14.99 %. However, it did see a marginal increase of 21.68 % from the previous quarter. Expenses ticked up slightly by 21.22 % quarter-on-quarter, aligning with the annual rise of 16.2 %. Operating profit, while up 5.87 % compared to last year, faced a quarter-on-quarter increase of 25.61 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.93 %, but an expansion of 0.33 % sequentially. Other income rose by 25.75 % compared to the last quarter, despite an annual growth of 39.67 %. Interest expenses surged remarkably by 2.45 % from the previous quarter, yet the year-over-year increase remains at a moderate 13.94 %. Depreciation costs climbed by 10.91 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 19.65 %. Profit before tax grew annually by 7.07 % but saw an increase from the preceding quarter by 32.86 %.
Tax expenses as a percentage of profits decreased slightly by -2.64 % compared to last year, with a more notable quarter-on-quarter decrease of -2.58 %. Net profit rose by 12.44 % year-on-year but experienced a 39.53 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 12.72 % but a quarterly rise of 49.16 %. In summary, Larsen & Toubro Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 58335.15 Cr | Rs. 55127.82 Cr | Rs. 67078.68 Cr | + 21.68 % | + 14.99 % |
| Expenses | Rs. 51502.2 Cr | Rs. 49368.82 Cr | Rs. 59844.69 Cr | + 21.22 % | + 16.2 % |
| Operating Profit | Rs. 6832.95 Cr | Rs. 5759 Cr | Rs. 7233.99 Cr | + 25.61 % | + 5.87 % |
| Net Profit | Rs. 4458.58 Cr | Rs. 3592.84 Cr | Rs. 5013.17 Cr | + 39.53 % | + 12.44 % |
| EPS in Rs | Rs. 28.37 | Rs. 21.44 | Rs. 31.98 | + 49.16 % | + 12.72 % |
In reviewing Larsen & Toubro Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 14.99 % year-on-year growth, however, there was a minor increase of 21.68 % from the previous quarter. Expenses rose by 16.2 % compared to the previous year, with a 21.22 % increase quarter-on-quarter. Operating Profit surged by 5.87 % annually, and saw a 25.61 % increase from the last quarter.
Net Profit showed yearly increase of 12.44 %, and experienced a 39.53 % increase from the previous quarter. Earnings Per Share (EPS) rose by 12.72 % annually, however rose by 49.16 % compared to the last quarter. In essence, while Larsen & Toubro Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
