In India, it won an order to implement 765 kV and 400 kV transmission line segments associated with a renewable energy zone in Uttar Pradesh.
Prior to this, it had also secured an order for turnkey construction of a 400 kV transmission line, meant for evacuation of power from a non-fossil fuel-based powerplant in south India.
In Saudi Arabia, the company won an order for a 380 kV gas insulated substation. The scope of work also includes the associated reactors and installation of hybrid gas-insulated substation bays.
In Abu Dhabi, the business secured an order to set up a new 220/330 kV grid station, along with the associated jobs.
The company said these are repeat orders from its power transmission and distribution vertical’s longstanding customers.The company reported a 14% increase in its December quarter net profit at ₹3,359 crore. The street had estimated the same to come in at ₹3,762 crore.
Its consolidated revenue increased 17% to ₹64,668 crore compared to the previous year. It was also higher than Street estimates of ₹63,750 crore.
Its international revenue of ₹32,764 crore comprised 51% of the total revenue.
Its EBITDA increased 8.6% to ₹6,255 crore compared to the previous year. However, it was lower than Street estimates of ₹6,636 crore. The company’s margin too contracted to 9.7% in the December quarter against the previous year’s 10.5%. It was lower than Street estimates of 10.4%>
The company said that it received its highest-ever quarterly orders of ₹1.16 lakh crore at the group level during the quarter, registering a substantial year-on-year growth of 53%
L&T shares gained 1.99% to hit an intraday high of ₹3,227 apiece on Monday, March 3. The stock later pared gains and was trading 0.2% up at ₹3,170.2 apiece at 11.50 am.
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First Published: Mar 3, 2025 12:00 pm IS
