Q1 2025 Larsen and Toubro Ltd Earnings Call Transcript
Key Points
- Larsen & Toubro Ltd (LTOUF) received a BBB+ rating with a stable outlook from both Standard & Poor's and Fitch, underscoring the company's robust financial health.
- MSCI ESG Research upgraded L&T's rating from BB to BBB due to improvements in various ESG parameters.
- L&T Semiconductor Technology Limited, a wholly owned subsidiary, acquired a 100% stake in Silicon Systems and signed a master collaboration agreement with Aditya Infotech Limited.
- L&T Finance achieved a 95% utilization of its loan book and reported a 29% growth in PAT for Q1 FY25.
- Group order inflows, revenues, and PAT for Q1 FY25 increased by 8%, 15%, and 12% respectively, indicating robust performance across financial parameters.
- The prospects pipeline for the remaining nine months of FY25 decreased by 10% year-on-year, primarily due to a fall in the hydrocarbon prospects pipeline.
- The working capital-to-revenue ratio increased from 12% in March '24 to 13.9% in June '24, indicating a buildup in gross working capital.
- The energy segment margin for Q1 FY25 decreased to 8.7% from 9.1% in Q1 FY24, reflecting jobs in the early stages of execution.
- The Hyderabad Metro reported a consolidated loss of INR2.14 billion in Q1 FY25, although this was an improvement from the previous year's loss.
- The Q1 FY25 revenue for the 'Other' segment decreased by 37% year-on-year, largely due to lower handover of residential units in the realty business.
Ladies and gentlemen, good day and welcome to the Larsen & Toubro Limited Q1 FY25 earnings conference call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. P. Ramakrishnan, Head, Investor Relations from Larsen & Toubro Limited. Thank you, and over to you, sir.
Thank you, Darwin. Good evening, ladies and gentlemen, a very warm welcome to all of you into the Q1 FY25 earnings call of Larsen & Toubro. The earnings presentation was uploaded on the Stock Exchange and then our website at around 06:30 PM.
As per the normal practice, instead of going through the entire presentation, I will take you through the important highlights for the quarter followed by our financial performance summary for the same quarter in the next 30 minutes or so. And after that, I will be taking the Q&A.
Before I begin the overview, the customary disclaimer, the presentation that we have uploaded on the
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