LT · Construction
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹51,024 cr | ₹55,128 cr | ₹67,079 cr | ₹55,120 cr | ₹61,555 cr | ₹64,668 cr | ₹74,392 cr | ₹63,679 cr | ₹67,984 cr | ₹71,450 cr | ₹82,762 cr | ₹67,942 cr |
| YoY | — | — | — | +15% | +21% | +17% | +11% | +16% | +10% | +10% | +11% | +7% |
| EBITDA margin | 13.8% | 13.1% | 12.9% | 12.8% | 12.9% | 12.2% | 13.3% | 12.6% | 12.5% | 12.9% | 12.6% | 12.0% |
| Other income, % of PBT | 23% | 18% | 18% | 20% | 20% | 18% | 20% | 23% | 22% | −7% | 20% | 34% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 23% | 25% | 22% | 26% | 26% | 25% | 23% | 26% | 26% | 29% | 25% | 28% |
| Net profit | ₹3,846 cr | ₹3,593 cr | ₹5,013 cr | ₹3,445 cr | ₹4,099 cr | ₹3,974 cr | ₹6,156 cr | ₹4,318 cr | ₹4,678 cr | ₹3,825 cr | ₹6,133 cr | ₹4,988 cr |
| YoY | — | — | — | +11% | +7% | +11% | +23% | +25% | +14% | −4% | −0% | +16% |
| Core profit YoY | — | — | — | +18% | +15% | +11% | +21% | +20% | +11% | +31% | +6% | +1% |
| EPS | ₹23.45 | ₹21.44 | ₹31.98 | ₹20.26 | ₹24.69 | ₹24.43 | ₹39.97 | ₹26.30 | ₹28.54 | ₹23.37 | ₹38.71 | ₹29.97 |
| Flags | · | · | · | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 1 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Larsen & Toubro Ltd. reported revenue of ₹55,120 cr (+15.1% on the year) and net profit of ₹3,445 cr (+11.3% on the year) for April to June 2024.
Profit before other income, exceptional items and tax moved +17.9% on the year, against +11.3% for reported profit.
None of the 7 checks that could run raised a question.
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Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.