Consolidated net profit after tax reached ₹4,112.81 crore, up 6.66% YoY

Engineering and construction sector company Larsen & Toubro Limited (L&T) on Wednesday (October 30) released its financial results for the second quarter and first half of the financial year 2024-25. The company announced both its standalone and consolidated numbers for the quarter ending September 30, 2024.

Here are the details of the company's Q2 financial performance:

consolidated financial performance

In its consolidated financial segment, L&T reported total income of Rs 62,655.85 crore, a significant growth of 20 per cent year-on-year (YoY) as compared to Rs 52,157.02 crore in the same quarter last year.

The company's total expenditure increased to Rs 57,100.76 crore from Rs 47,165.95 crore last year, registering an increase in project costs in line with the company's expanding portfolio.

Despite the increase in total expenses, L&T's net profit after tax for the quarter stood at Rs 4,112.81 crore, compared with Rs 3,855.55 crore last year.

Standalone Financial Performance

Similarly, total income on standalone basis reached Rs 35,751.74 crore as compared to Rs 30,387.40 crore last year.

L&T reported total expenses of Rs 33,051.76 crore in the quarter, which was Rs 27,230.23 crore, up from Rs 27,230.23 crore last year.

However, the company's standalone profit declined to Rs 1,993.11 crore in the quarter from Rs 2,709.72 crore last year.

Employee Stock Option Plan (ESOP)

Additionally, L&T's Nomination and Remuneration Committee (NRC) approved the allotment of 1,35,735 equity shares under the company's employee stock option plans.

L&T stock performance

The company's shares closed at Rs 3,402.00 with a gain of 0.62 per cent at the end of trading on Wednesday.