Shares of Larsen & Toubro (L&T) jumped nearly 4% to Rs 3,460 on May 9, following the company’s stronger-than-expected performance in the March quarter (Q4FY25). The engineering and infrastructure conglomerate reported a 25% YoY jump in consolidated net profit, touching Rs 5,497 crore, significantly up from Rs 4,396 crore in Q4FY24. Consolidated revenue increased by 11% YoY to Rs 74,392 crore, backed by improved execution in the core Engineering and Construction (E&C) business and strong order inflows.<\/p>\n
Highlights:<\/p>\n
Consolidated net profit surged 25% YoY to Rs 5,497 crore.<\/p>\n<\/li>\n
Revenue rose 11% YoY to Rs 74,392 crore in Q4FY25.<\/p>\n<\/li>\n
EBITDA margin steady at 11%, matching the year-ago period.<\/p>\n<\/li>\n
Order inflows jumped 24% YoY in Q4, signaling a healthy pipeline.<\/p>\n<\/li>\n
Stock surged 4% intraday post results; YTD still down 5%.<\/p>\n<\/li>\n<\/ul>\n
Brokerage firms remain bullish on L&T following the earnings beat, citing its strong order visibility, disciplined execution, and solid fundamentals. Bernstein retained its “Outperform” rating and set a price target of Rs 3,922, pointing to a Rs 19 lakh crore order prospect pipeline versus Rs 12 lakh crore earlier\u2014a major growth driver for FY26. Motilal Oswal echoed this optimism, maintaining a “Buy” rating with a slightly higher target of Rs 3,950.<\/p>\n
The brokerage also raised its inflow and execution estimates for L&T\u2019s core E&C segment, although it slightly trimmed its overall valuation due to a markdown in the fair value of L&T\u2019s IT subsidiaries. Motilal Oswal\u2019s revised sum-of-the-parts valuation is based on 28x March 2027E earnings for the core business, applying a 25% holding company discount on IT subsidiaries like LTI Mindtree.<\/p>\n
Highlights:<\/p>\n
Bernstein target: Rs 3,922; bullish on Rs 19 lakh crore order prospects.<\/p>\n<\/li>\n
Motilal Oswal target: Rs 3,950; optimistic on execution and inflows.<\/p>\n<\/li>\n
Both firms foresee 15\u201320% upside in the next 12\u201318 months.<\/p>\n<\/li>\n
Valuation based on strong E&C fundamentals with adjusted IT segment value.<\/p>\n<\/li>\n<\/ul>\n
Post earnings, L&T\u2019s management struck a confident tone, forecasting 15% revenue growth in FY26. The company expects the strong order pipeline to translate into consistent inflows, projecting an additional 10% growth in orders in the coming 12 months. The commentary underscores continued traction across infrastructure, defense, and energy sectors\u2014areas where government and private capex momentum remains strong.<\/p>\n
Despite the market volatility from geopolitical developments, L&T\u2019s management remains focused on maintaining healthy net working capital discipline, return ratios, and execution timelines\u2014key metrics that bolster investor confidence in the company\u2019s medium-term outlook.<\/p>\n
Highlights:<\/p>\n
FY26 revenue guidance: 15% growth over FY25.<\/p>\n<\/li>\n
Order inflows expected to grow by 10% over the next year.<\/p>\n<\/li>\n
Core E&C segment remains a growth driver amid macro volatility.<\/p>\n<\/li>\n
Management reaffirms focus on margin stability and capital efficiency.<\/p>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"
L&T Outperforms in Q4; Shares Rally on Positive Earnings Surprise Shares of Larsen & Toubro (L&T) jumped nearly 4% to Rs 3,460 on May 9, following the company’s stronger-than-expected performance in the March quarter (Q4FY25). The engineering and infrastructure conglomerate reported a 25% YoY jump in consolidated net profit, touching Rs 5,497 crore, significantly up […]<\/p>\n","protected":false},"author":4,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[615],"tags":[],"ppma_author":[1331],"class_list":{"0":"post-8345","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stock-market-news"}," _eael_post_view_count":0,"authors":[{"term_id":1331,"user_id":4,"is_guest":0,"slug":"sourabh","display_name":"Sourabh Sharma","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/11\/Sourabh-Sharma.png","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/11\/Sourabh-Sharma.png"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/8345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=8345"}],"version-history":[{"count":1,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/8345\/revisions"}],"predecessor-version":[{"id":8349,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/8345\/revisions\/8349"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/8348"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=8345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=8345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=8345"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=8345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}