L&T board to consider fundraising via debt issue on March 21

Infrastructure major Larsen & Toubro (L&T) on Tuesday (March 18) announced that its board of directors will meet on March 21, 2025, to consider a proposal for fundraising through a debt issue.”…we wish to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Friday, March 21, 2025, inter-alia, to seek approval for fund raising by way of debt issue,” Larsen & Toubro said in a regulatory filing.

For the third quarter, Larsen & Toubro reported a net profit of ₹3,359 crore, registering a growth of 14%, compared to the corresponding quarter of the previous year. The figure was lower than CNBC-TV18’s poll of ₹3,762 crore.
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L&T posted consolidated revenue of ₹64,668 crore for the quarter ended December 31, 2024, registering a year-on-year growth of 17% on the back of a strong order book and ramp-up in execution momentum across its Projects and Manufacturing (P&M) businesses. However, the topline numbers were higher than CNBC-TV18’s poll of ₹63,750 crore.International revenues during the quarter at ₹32,764 crore constituted 51% of the total revenues, reflective of improved execution in the international P&M portfolio.

L&T’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) increased by 8.6% year-on-year to ₹6,255 crore, which was also lower than expectations of ₹6,636 crore, while margins stood at 9.7% from 10.5% last year and was also lower than the CNBC-TV8 poll of 10.4%.

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Shares of Larsen and Toubro Ltd ended at ₹3,271.05, up by ₹88.15, or 2.77%, on the BSE.