⚡ StockFin Pro 100-stock AI Radar. No daily limits. No ads. View Plans →

Larsen & Toubro Ltd (LT) — concall transcript | 31 December 2023

· BSE 🟡 Notable Neutral
By StockFin Research Team • AI-Assisted Analysis • Source: BSE/NSE Filings
📢 Key Event
L&T reported record hydrocarbon order inflow of Rs 582 billion in Q3 FY24, driving 25% YoY order growth to Rs 760 billion and 19% revenue growth to Rs 551 billion, with PAT up 20% to Rs 29 billion.
🔄 What Changed
Order inflows grew 25% YoY to Rs 760 billion; PAT grew 20% YoY to Rs 29 billion; NWC-to-sales ratio improved 240 bps to 16.6%; margin guidance revised downward to 8.25%-8.5% from 8.59% band.
🔮 What's Next
FY24 order inflow growth revised to 20%+; revenue growth guidance tightened to high teens; margin guidance set at 8.25%-8.5%; working capital target maintained at ~16.6% (+/-30 bps).
💡 Investor Takeaway
L&T's margin guidance downgrade signals near-term pressure despite strong order growth, with improvement expected only after legacy projects conclude and new orders ramp up.

L&T reported record hydrocarbon order inflow of Rs 582 billion in Q3 FY24, driving 25% YoY order growth to Rs 760 billion and 19% revenue growth to Rs 551 billion, with PAT up 20% to Rs 29 billion. The order book reached Rs 4.7 trillion, with 61% domestic and 39% international exposure, primarily from the Middle East. Margin guidance was revised downward to 8.25%-8.5% for FY24, with working capital targeted at 16.6% (+/-30 bps).

📄 View Original Announcement (PDF)

⚡ StockFin Pro 100-stock AI Radar. No daily limits. No ads. View Plans →
📊 Stock Analysis — LT ✨ Ask AI About This

About Larsen & Toubro Ltd (LT)

Construction · Infrastructure Developers & Operators · Listed on BSE

Market Cap: ₹5,48,799.01 Cr P/E: 33.1 ROE: 18.1% ROCE: 17.8% Div Yield: 0.95%

View full LT stock details →

📡 Get AI alerts when LT files next

Free • Daily 5 PM digest • Track filings, board meetings, and corporate actions

Track LT — Free

💡 Ask AI about this filing

Ask AI Free →

📊 More LT filings

See all LT filings →

🔥 Also filed on 31 December 2023

View all today's announcements →

Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

Editorial & Data Transparency Notice

This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

📡 Get AI alerts when LT files new disclosures

Track LT filings, board meetings, and corporate actions. Free email alerts at 5 PM.

Track LT — Free

Free account · 2 AI queries/day

⚡ StockFin Pro Go Pro — bigger Radar, no daily limits Upgrade

© 2026 StockFin.ai — AI-powered Indian stock research

About · Privacy Policy · Terms of Service · Pricing

Today's Announcements · Screener · Insights · AI Chat

Data provided by CMOTS Internet Technologies Pvt Ltd