Slides
Page 1
Earnings Call Presentation Q3 / 9M FY25 30th January 2025
Page 2
2 Disclaimer This presentation contains certain forward looking statements concerning L&T’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and the target countries for exports, ability to attract and retain highly skilled professionals, time and cost over runs on contracts, our ability to manage our international operations, government policies and actions with respect to investments, fiscal deficits, regulations, etc., interest and other fiscal costs generally prevailing in the economy. Past performance may not be indicative of future performance. The company does not undertake to make any announcement in case any of these forward looking statements become materially incorrect in future or update any forward looking statements made from time to time by or on behalf of the company. Screw Plug Heat Exchanger for a client in Mexico
Page 3
Key Highlights Mumbai Metro Aqua Line UGC-07 Package (Marol Naka- SEEPZ) 3
Page 4
Q3 FY25 Financial Snapshot Order Inflow ₹ 1160 bn up 53% y-o-y Highest ever in a quarter Order Book up 20% y-o-y Revenue ₹ 5642 bn ₹ 647 bn up 17% y-o-y 7.6% Flat y-o-y EBITDA % (P&M) NWC / Revenue % 12.7% Improved by 390 bps vs Dec’23 Up 90 bps y-o-y Return on Equity 16.1% Profit after Tax ₹ 34 bn up 14% y-o-y 4
Page 5
Key Financial Indicators 5 (Amount in ₹ bn) 760 1160 53% Order Inflow 2307 2670 16% Order Book 4698 5642 20% 551 647 17% Revenue 1540 1813 18% 10.4% 9.7% EBITDA (%) 10.6% 10.1% 29 34 14% Overall PAT 87 95 10% Particulars Dec-23 Dec-24 Net Working Capital 16.6% 12.7% ROE (TTM) (%) 15.2% 16.1% 9M FY25 (y-o-y)Q3 FY24 Q3 FY25 (y-o-y) Particulars 9M FY24
Page 6
Group Performance Summary Full Conversion Hydrocracker Unit (FCHCU) for a reputed client in Visakhapatnam 6 L&T launched the second Multi-Purpose Vessel (MPV) for the Indian Navy in January 2025 from its Kattupalli Shipyard near Chennai
Page 7
Q3 / 9M FY25 Order Inflow/Order Book 7 Order Inflow Order Book Domestic International 3267 2375 31-Dec-23 31-Dec-24 16% 4698 5642 2863 1835 (Amount in ₹ bn) • Highest ever order inflow in a quarter aided by large orders across Infrastructure, Energy and Hi -Tech Manufacturing segments • International orders constitute 42% of the Dec’24 Order Book • Healthy Order Prospects pipeline @ ₹ 5.5 trillion in the near term; domestic prospects constitute 59% 254 539 506 621 Q3 FY24 53% 760 1160 928 1223 1379 1447 Q3 FY25 9M FY24 9M FY25 2307 2670 20%
Page 8
Group P&L Construct – Revenue to EBITDA * Manufacturing, Construction and Operating expenses **Finance cost of financial services business and finance lease activity 8 • Strong execution momentum in Infrastructure (15% yoy), Hydrocarbon (54% yoy) and Precision Engineering & Systems (34% yoy) business drive revenue growth • MCO expense increase reflective of activity levels and revenue mix (Higher share of P&M revenue) • Staff costs driven by resource augmentation and salary hikes across businesses • SG&A variation primarily attributable to execution ramp up • EBITDA margin reflective of revenue mix and lower operating leverage in the IT&TS segment Remarks for the quarter Q3 FY24 Q3 FY25 % Var ₹ Billion 9M FY24 9M FY25 % Var 551.3 646.7 17% Revenue 1540.3 1813.4 18% 44% 51% International Rev. 42% 50% 352.3 419.7 19% MCO Exp.* 956.9 1156.1 21% 14.4 16.4 14% Fin. Charge Opex** 43.0 46.3 8% 102.5 119.1 16% Staff Costs 304.4 344.1 13% 24.5 28.9 18% Sales & Admin. 73.5 84.6 15% 493.7 584.1 18% Total Opex 1377.7 1631.1 18% 57.6 62.5 9% EBITDA 162.6 182.3 12% 10.4% 9.7% EBITDA % 10.6% 10.1%
Page 9
Group P&L Construct – EBITDA to PAT • Decline in finance cost primarily due to lower level and rate of borrowing • Increase in depreciation is due to higher P&M related capex and capitalization of new premises in LTIMindtree • Other income reflective of level of investments & yields earned • Reported PAT growth reflective of increased activity levels and improved treasury operations 9 Remarks for the quarter Q3 FY24 Q3 FY25 % Var Rs Billion 9M FY24 9M FY25 % Var 57.6 62.5 9% EBITDA 162.6 182.3 12% (9.0) (8.4) -7% Finance Cost (26.2) (25.9) -1% (9.2) (10.5) 14% Depreciation (26.6) (30.7) 15% 8.4 9.7 16% Other Income 31.2 29.9 -4% (11.8) (13.3) 13% Tax Expense (35.3) (40.1) 14% (0.0) (0.3) >100% JV/Associates PAT Share (0.3) (0.4) 13% (6.5) (6.2) -5% Non-controlling Int. (18.7) (19.8) 6% 29.5 33.6 14% Reported PAT 86.6 95.4 10%
Page 10
Segment Performance Summary 10 Steel Melting Shop for a reputed client in Maharashtra CRPO 75 Arbi 8 Refurbishment Project
Page 11
Buildings & Factories Development Projects Segment Composition Buildings & Factories Others Realty Development Projects Buildings & Factories Transportation Infra Heavy Civil Water Power T&D Infrastructure Projects Minerals & Metals 11 CarbonLite Solutions Green Energy EPC Hydrocarbon Energy Projects Hi - Tech Manufacturing Heavy Engineering Precision Engineering & Systems Electrolyser Manufacturing Financial Services Retail Lending Wholesale Lending* Smart World & Communications* Industrial Machinery & Products Others Realty Development Projects Green Hydrogen BOO Hyderabad Metro Nabha Power Development Projects Energy Projects Hi - Tech Manufacturing LTTS Digital Platforms Data Centers LTIMindtree IT & TS Semiconductor Design *residual portion Renewable
Page 12
12 Order Inflow Composition – Q3 / 9M FY25 Q3 FY25 Rs. 1160 Bn 9M FY25 Rs. 2670 Bn Geography Segment India, 47% Middle East, 37% USA & Europe, 9% ROW, 7% Infrastructure, 52% Energy, 21% Hi-Tech Manufacturing, 6% Others, 2% Services, 19% Infrastructure, 42% Energy, 34% Hi-Tech Manufacturing, 7% Others, 2% Services, 15% India, 46% Middle East, 33% USA & Europe, 14% ROW, 7%
Page 13
13 Order Book as on 31-Dec-2024 Segment Geography India, 58% Middle East, 35% ROW, 7% Infrastructure, 64% Energy, 26% Hi-Tech Manufacturing, 7% Others, 3% Order Book : ₹ 5642 Bn
Page 14
14 Revenue Composition – Q3 / 9M FY25 Q3 FY25 Rs.647 Bn 9M FY25 Rs. 1813 Bn Geography Segment India, 49% Middle East, 32% USA & Europe, 16% ROW, 3% Infrastructure, 50% Energy, 16% Hi-Tech Manufacturing, 3% Others, 3% Services, 28% Infrastructure, 50% Energy, 17% Hi-Tech Manufacturing, 4% Others, 3% Services, 27% India, 50%Middle East, 30% USA & Europe, 17% ROW, 3%
Page 15
15 Infrastructure Projects Segment • Strong international ordering momentum drives order inflow* growth • Prospect pipeline of ₹ 4.0 trillion for the near term • Healthy execution led by a large order book • Stable margin Remarks for the quarter DomesticDomestic International Net Revenue: 15% Net Revenue: 22% 198.0 185.9 80.5 135.4 Q3 FY24 Q3 FY25 EBITDA Margin5.5% 5.5% EBITDA Margin5.3% 5.8% 544.6 200.6 745.2 9M FY25 537.1 372.9 910.0 9M FY24 278.5 321.3 (Amount in ₹ bn) *Refer Segment Annexure for details
Page 16
16 *Energy Projects Segment *Refer Annexures for Business wise break-up of OI, Revenue and EBITDA • Receipt of two ultra super-critical thermal power plant orders boosts CarbonLite Solutions order book; Hydrocarbon benefits from the receipt of a mega international Onshore order • Execution ramp up in both domestic and international projects drives Hydrocarbon revenue growth; lower opening order book impacts revenue in CarbonLite Solutions • Hydrocarbon margin reflective of stage of execution; CarbonLite Solutions margin improves due to a favorable claim settlement DomesticDomestic International Net Revenue: 41% Net Revenue: 33% 28.9 37.4 49.7 73.1 Q3 FY24 Q3 FY25 EBITDA Margin9.7% 8.3% EBITDA Margin9.4% 8.6% 92.0 121.3 213.3 9M FY25 92.6 191.6 284.2 9M FY24 78.6 110.5 (Amount in ₹ bn) Remarks for the quarter • Receipt of two ultra super-critical thermal power plant orders boosts CarbonLite Solutions order book; Hydrocarbon benefits from the receipt of a mega international Onshore order • Execution ramp up in both domestic and international projects drives Hydrocarbon revenue growth; lower opening order book impacts revenue in CarbonLite Solutions • Hydrocarbon margin reflective of stage of execution; CarbonLite Solutions margin improves due to a favorable claim settlement
Page 17
17 Hi-Tech Manufacturing Segment *Refer Annexures for Business wise break-up of OI, Revenue and EBITDA * The Precision Engineering & Systems business does not manufacture any explosives nor ammunition of any kind, including cluster munitions or anti-personnel landmines or nuclear weapons or components for such munitions. The business also does not customise any delivery systems for such munitions • Precision Engineering & Systems (PES) benefits from the receipt of K9 Vajra repeat order; multiple international orders buoys Heavy Engineering order book • Strong execution momentum continues in PES; muted revenue in Heavy Engineering reflective of jobs in early stages • Execution cost savings in Heavy Engineering business aids segment margin improvement DomesticDomestic International Net Revenue: 18% Net Revenue: 11% 13.8 18.8 6.9 5.5 Q3 FY24 Q3 FY25 EBITDA Margin16.7% 18.2% EBITDA Margin16.1% 16.2% 38.2 19.1 57.3 9M FY25 50.6 12.8 63.4 9M FY24 20.7 24.3 (Amount in ₹ bn) Remarks for the quarter
Page 18
18 IT & Technology Services Segment • LTIMindtree revenue growth led by Technology Media & Communications and BFSI • LTTS revenue growth led by Tech and Sustainability segments • Segment margin decline mainly due to salary hikes and forex loss in LTIMindtree and LTTS Revenues and margin of Digital Platforms, Semiconductor Design business and Data Center are not significant Remarks for the quarter DomesticLTIMindtree Net Revenue: 8% Net Revenue: 6% 88.2 95.2 23.7 25.3 Q3 FY24 Q3 FY25 EBITDA Margin20.7% 18.7% EBITDA Margin20.5% 19.9% 263.2 69.0 332.3 9M FY25 279.9 73.4 353.6 9M FY24 112.0 120.6 (Amount in ₹ bn) LTTS
Page 19
Financial Services Segment 19 • Q3 revolved around healthy credit-calibrated growth in disbursements • Strong balance sheet; in built macro prudential buffers • RoA @ 2.27% despite sectoral headwinds • Sufficient growth capital available (CRAR @ 22.48%) 5 Pillar strategy to deliver on Lakshya Goals 2026 Enhancing Customer Acquisition Sharpening Credit Underwriting Implementing Futuristic Digital Architecture Heightened Brand Visibility Capability Building Remarks for the quarter Q3 Q3 FY24 FY25 34.1 38.8 14% Income from Operations 95.1 113.8 20% 6.4 6.3 -2% PAT 17.7 20.1 14% 4.2 4.2 -2% PAT (Net of NCI) accruing to the group 11.7 13.3 14% Book 817.8 951.2 16% Retail Book % 91% 97% % Var Rs. Bn 9M FY24 9M FY25 % Var
Page 20
20 DomesticPower Development Hyderabad Metro Development Projects Segment *Refer Annexures for Business wise break-up of Revenue and EBITDA • Segment includes Power Development (Nabha Power) and Hyderabad Metro • Improved PLF and higher Energy charges in Nabha drive revenue growth • Segment margin reflective of revenue mix * Net Revenue: 18% Net Revenue: 5% 10.0 12.1 2.2 2.3 Q3 FY24 Q3 FY25 EBITDA Margin16.2% 15.8% EBITDA Margin25.6% 16.1% 32.0 11.6 43.6 9M FY25 34.6 6.8 41.4 9M FY24 12.2 14.3 (Amount in ₹ bn) Remarks for the quarter
Page 21
21 Others Segment • Segment majorly comprises Realty and Industrial Machinery & Products • Segment Revenue growth primarily driven by the increased handover of residential units in the Realty business and higher sales in the Industrial Machinery & Products businesses • Segment margin improvement mainly due to a favorable revenue mix in Industrial Machinery and Products businesses * *Refer Annexures for Business wise break-up of OI, Revenue and EBITDA DomesticDomestic International Net Revenue: 9% Net Revenue: 12% 13.3 14.8 2.0 1.9 Q3 FY24 Q3 FY25Q3 FY24 Q3 FY25 EBITDA Margin24.4% 27.5% EBITDA Margin20.7% 25.4% 48.7 4.8 53.5 9M FY25 40.6 6.4 47.0 9M FY24 15.3 16.7 (Amount in ₹ bn) Remarks for the quarter
Page 22
THE PACE & SUSTAINABILITY OF THE GROWTH TREND INDIA The Pace & Sustainability of the growth trend could be shaped by: • How the country navigates challenges around global economic & financial market volatility? • Potential implications of intensified trade wars • Domestic Inflationary impulses • Policy compulsions of Government • Trade off between Social Spends & pursuing long term Development Goals Macro-Economic Backdrop THE PACE & SUSTAINABILITY OF THE GROWTH TREND WORLD As the current juncture is at a crossroad, outlook will be shaped by: • Implications under Trump 2.0 regime • Thrust towards increasing “localisation” • Re-arrangement of Global Supply Chains & consequent shift in export hubs • Minimal monetary & fiscal choices for Central Banks & Governments • Continuing military conflicts & trade wars could ignite inflation • Enhanced Defence expenditure across countries • Climate change, adherence of Paris Accord & subsequent investments into Cleantech • AI adoption & its implications L&T will execute its sectoral & geography diversified Order Book and continue to capitalize from opportunities arising from emerging trends 22
Page 23
Thank You Investor Relations: P Ramakrishnan (P .Ramakrishnan@larsentoubro.com) Harish Barai (Harish.Barai@larsentoubro.com) Shalmali Dange (Shalmali.Dange@larsentoubro.com) 23
Page 24
24 Balance Sheet ₹ Billion Mar-24 Dec-24 Incr / (Decr) Equity & Reserves 864 914 51 Non Controlling Interest 162 171 9 Borrowings - Financial Services 761 859 99 Development Projects 165 166 0 Others (mainly Standalone) 214 250 35 Sources of Funds 2166 2360 194 Fixed Assets (incl ROU assets) 185 190 5 Intangible Assets & Investment Property 275 269 -6 Loans towards Financing Activities (Financial Services) 793 888 94 Finance lease receivable (Nabha) 56 53 -3 Net Non-Current Assets 194 206 12 Current Investments, Cash & Cash Equivalents 503 576 73 Net Current Assets 149 177 28 Assets held for Sale (net) 10 0 -10 Application of Funds 2166 2360 194 Gross Debt / Equity Ratio 1.11 1.18 Net Debt / Equity Ratio 0.64 0.68
Page 25
25 Cash Flow Q3 FY24 Q2 FY25 Q3 FY25 ₹ Billion 9M FY24 9M FY25 61.2 63.2 66.8 Operating Profit 168.8 187.1 1.5 28.3 (23.5) Changes in Working Capital [(Inc)/Dec] (56.7) (43.8) (14.8) (14.4) (12.2) Direct Taxes (Paid) / Refund [Net] (39.0) (40.2) 47.9 77.1 31.1 Net Cash from / (used in) Operations (A) 73.1 103.2 (14.0) (9.0) (14.0) Net Investment in Fixed Assets (incl. Intangible & Investment Property) (31.0) (28.1) (1.4) 0.2 (13.1) Net (Purchase) / Sale of Long Term investments & Business Undertaking (19.9) (3.1) (11.2) (32.3) (11.0) Net (Purchase) / Sale of Current investments 76.7 (62.0) - (2.8) 1.8 Loans/Deposits made with JV/Associate Cos. / Third Party 0.2 (1.0) 5.3 5.1 6.1 Interest & Dividend Received 19.5 16.9 (21.3) (38.9) (30.1) Net Cash from /(used in) Investing Activities (B) 45.5 (77.2) (2.0) (0.9) (2.5) Issue of Share Capital / NCI (8.1) (11.8) (8.5) 45.3 12.0 Net Borrowings - FS & Nabha [Inc/(Dec)] (73.1) 94.0 (28.7) (40.2) (22.2) Loans Book towards financing activities (Net) (12.0) (91.6) 10.3 4.2 25.1 Net Borrowings - Others [Inc/(Dec)] 91.9 40.7 (6.1) (44.3) (7.6) Interest & Dividend paid (69.9) (69.3) (22.5) - - Buyback of equity shares (including tax and expenses on buyback) (122.8) - (57.4) (36.0) 4.8 Net Cash from / (used in) Financing Activities (C) (194.0) (38.0) (30.8) 2.2 5.8 Net (Dec) / Inc in Cash & Bank (A+B+C) (75.5) (12.0)
Page 26
Segment Details – Q3 FY25 *Finance cost and tax provisions of parent company are reflected under Corporate **For Financial Services EBITDA is PBDT₹ 100 crore = ₹ 1 bn #includes eliminations 26 Particulars IT&TS Financial Services** Dev. Projects Projects & Manufacturing* Corporate# Total EBITDA 2256 860 227 3589 291 7224 Depreciation (422) (36) (78) (523) 12 (1047) Segment Result 1834 824 149 3066 304 6176 Finance Cost & Tax Expense (586) (198) (234) (55) (1101) (2175) Non-controlling interest (406) (210) - (1) 2 (615) Share in profit/(loss) of JV and associate (0) (27) - (27) PAT 842 415 (85) 2983 (796) 3359 EBITDA to PAT (Q3 FY25) Net Revenue EBITDA EBITDA % Net Revenue EBITDA EBITDA % Infrastructure Projects Segment 27845 1522 5.5% 32134 1774 5.5% Energy Projects Segment 7864 760 9.7% 11051 912 8.3% Hi-Tech Manufacturing Segment 2066 344 16.7% 2433 443 18.2% Others Segment 1530 373 24.4% 1674 459 27.5% Total (Projects & Manufacturing) 39305 2999 7.6% 47291 3589 7.6% IT & Technology Services Segment 11196 2319 20.7% 12061 2256 18.7% Financial Services Segment 3407 853 25.0% 3881 860 22.2% Developmental Projects Segment 1220 198 16.2% 1434 227 15.8% Total (Services & Concessions) 15823 3370 21.3% 17377 3343 19.2% Total 55128 6369 11.6% 64668 6933 10.7% Q3 FY24 Q3 FY25 Segment (₹ Crore)
Page 27
Segment Details – 9M FY25 *Finance cost and tax provisions of parent company are reflected under Corporate **For Financial Services EBITDA is PBDT₹ 100 crore = ₹ 1 bn #includes eliminations 27 Particulars IT&TS Financial Services** Dev. Projects Projects & Manufacturing* Corporate# Total EBITDA 7039 2784 666 9907 827 21222 Depreciation (1214) (98) (234) (1561) 38 (3069) Segment Result 5825 2686 432 8346 864 18153 Finance Cost & Tax Expense (1797) (678) (711) (266) (3147) (6599) Non-controlling interest (1300) (679) - (5) 6 (1978) Share in profit/(loss) of JV and associate (0) (36) - (36) PAT 2728 1329 (279) 8039 (2276) 9540 EBITDA to PAT (9M FY25) Net Revenue EBITDA EBITDA % Net Revenue EBITDA EBITDA % Infrastructure Projects Segment 74516 3972 5.3% 90996 5253 5.8% Energy Projects Segment 21334 2013 9.4% 28419 2432 8.6% Hi-Tech Manufacturing Segment 5734 925 16.1% 6342 1029 16.2% Others Segment 5349 1105 20.7% 4696 1194 25.4% Total (Projects & Manufacturing) 106933 8015 7.5% 130453 9907 7.6% IT & Technology Services Segment 33229 6812 20.5% 35364 7039 19.9% Financial Services Segment 9510 2422 25.5% 11382 2784 24.5% Developmental Projects Segment 4362 1116 25.6% 4144 666 16.1% Total (Services & Concessions) 47101 10350 22.0% 50889 10488 20.6% Total 154034 18365 11.9% 181342 20395 11.2% Segment (₹ Crore) 9M FY24 9M FY25
Page 28
28 Breakup of Energy and Hi-Tech Manufacturing Segment Hi-Tech Manufacturing Segment Energy Segment Q3 FY24 Q3 FY25 Y-o-Y ₹ Bn 9M FY24 9M FY25 Y-o-Y 132.8 388.2 >100% Energy Segment 606.7 553.7 -9% 123.8 153.9 24% Hydrocarbon 582.2 314.8 -46% 9.0 234.2 >100% CarbonLite Solutions 24.5 238.7 >100% 78.6 110.5 41% Energy Segment 213.3 284.2 33% 69.6 106.8 53% Hydrocarbon 189.5 268.9 42% 9.0 3.7 -59% CarbonLite Solutions 23.8 15.2 -36% 9.7% 8.3% - 140 bps Energy Segment 9.4% 8.6% -80 bps 9.5% 8.1% -140 bps Hydrocarbon 9.7% 8.5% -120 bps 10.6% 14.1% 350 bps CarbonLite Solutions 8.8% 12.1% 330 bps Order Inflow Revenue EBITDA Margin Q3 FY24 Q3 FY25 Y-o-Y ₹ Bn 9M FY24 9M FY25 Y-o-Y 20.4 84.2 >100% Hi-Tech Manufacturing 54.9 160.2 >100% 10.6 16.1 51% Heavy Engineering 24.1 39.5 64% 9.8 68.1 >100% Precision Engineering & Systems 30.7 120.7 >100% 20.7 24.3 18% Hi-Tech Manufacturing 57.3 63.4 11% 9.5 9.3 -1% Heavy Engineering 27.2 23.8 -12% 11.2 15.0 34% Precision Engineering & Systems 30.1 39.6 31% 16.7% 18.2% 150 bps Hi-Tech Manufacturing 16.1% 16.2% 10 bps 20.4% 24.3% 390 bps Heavy Engineering 18.5% 19.1% 60 bps 15.4% 14.9% -50 bps Precision Engineering & Systems 14.7% 15.1% 40 bps Revenue EBITDA Margin Order Inflow
Page 29
29 Breakup of Development Projects and Others Segment Development Projects Others Segment * Industrial Machinery and Products and residual portion of Smart World & Communications Q3 FY24 Q3 FY25 Y-o-Y ₹ Bn 9M FY24 9M FY25 Y-o-Y 12.2 14.3 18% Development Projects 43.6 41.4 -5% 2.2 2.3 2% Hyderabad Metro 11.6 6.8 -41% 10.0 12.1 21% Nabha Power 32.0 34.6 8% 16.2% 15.8% -40 bps Development Projects 25.6% 16.1% -950 bps 45.4% 47.6% 220 bps Hyderabad Metro 70.5% 46.7% -2380 bps 9.7% 9.8% 10 bps Nabha Power 9.3% 10.0% 70 bps Revenue EBITDA Margin Q3 FY24 Q3 FY25 Y-o-Y ₹ Bn 9M FY24 9M FY25 Y-o-Y 16.4 23.5 44% Others Segment 61.6 60.9 -1% 5.3 11.1 >100% Realty 28.5 29.3 3% 11.1 12.4 12% Other Businesses* 33.1 31.6 -4% 15.3 16.7 9% Others Segment 53.5 47.0 -12% 4.3 5.3 23% Realty 19.2 14.7 -23% 11.0 11.4 4% Other Businesses* 34.3 32.2 -6% 24.4% 27.5% 310 bps Others Segment 20.7% 25.4% 470 bps 54.6% 47.0% -770 bps Realty 34.8% 44.1% 930 bps 12.4% 18.3% 590 bps Other Businesses* 12.7% 16.9% 420 bps Revenue EBITDA Margin Order Inflow
Page 30
30 Order Inflow and Order Book Details (Amount in ₹ crore) Q3 FY24 % Int Q3 FY25 % Int 9M FY24 % Int 9M FY25 % Int 31-Dec-23 % Int 31-Dec-24 % Int Infrastructure Projects 43208 63% 49070 74% 111249 43% 138646 63% 317693 28% 361282 37% Energy Projects 13281 93% 38818 33% 60668 95% 55369 38% 112777 81% 145827 66% Hi-Tech Manufacturing 2043 15% 8423 15% 5488 19% 16019 19% 25758 8% 41769 11% Others 1635 18% 2349 16% 6156 15% 6095 10% 13580 12% 15345 9% Projects & Manufacturing 60167 67% 98659 52% 183561 58% 216128 52% 469807 39% 564223 42% IT & Technology Services 11196 93% 12061 93% 33229 92% 35364 92% Financial Services 3407 - 3881 - 9510 - 11382 - Development Projects 1220 - 1434 - 4362 - 4144 - Services 15823 66% 17377 64% 47101 65% 50889 64% Total 75990 67% 116036 53% 230662 60% 267018 54% Order BookOrder Inflow
Page 31
31 Share in Profit/(Loss) of JVs/Associates ** Other JVs/Associates of Hi-Tech Manufacturing and IT&TS Segment Q3 FY24 Q3 FY25 ₹ Bn 9M FY24 9M FY25 (0.04) (0.00) L&T Power JVs (0.13) (0.03) 0.03 (0.28) L&T Hydrocarbon JVs (0.25) (0.36) (0.00) 0.01 Others** 0.06 0.02 (0.02) (0.27) Total (0.32) (0.36)