Larsen & Toubro (L&T) Q4 Results: Q4 PAT at ₹4,396 Cr; Growth of 10% YoY

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L&T Q4 results were released on 8 May 2024, with a spring in the quarterly report as far as the rise in PAT goes, higher by 10%, and EBITDA at 6% up.

5 Key Financial Highlights

Larsen & Toubro’s Q4 results are as resilient as its infrastructure projects and have been driven in Q4, largely by huge order inflows and a substantial order book for the quarter, despite challenging macroeconomic headwinds. The key financial highlights in Q4, shedding light on the Company’s quarterly performance, can be found below: 

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  • For the quarter ended 31 March 2024, the Consolidated Revenues stood at ₹67,079 Crore recording a YoY growth of 15%. The share of international revenues during the quarter was 45%
  • For the quarter ended 31 March 2024, the Consolidated PAT was at ₹4,396 Crore, registering a growth of 10% on a YoY basis
  • Recurring PAT went up by 8% YoY
  • EBITDA for the quarter was at ₹7,234 Crore, up by 6% YoY
  • The Order Inflow for the quarter ended 31 March 2024 stood at ₹72,150 Crore, registering a marginal de-growth of 5% over the same quarter of the previous financial year. Domestic order inflow grew by 17% as compared to the corresponding quarter of the previous fiscal year. International orders were at ₹25,217 Crore constituting 35% of the total

Additional ReadLarsen & Toubro Ltd

L&T Q4 Results - Making Headlines

Among the best of the best in infrastructure development companies today, L&T is a name that everyone in the industry (and out of it) takes seriously. The much-awaited Q4 FY24 results are every bit worth reading as the Company has recorded milestone figures in its order book and is in a positive position to ride the Capex cycle. The Company’s Q4 results may be of interest as they represent L&T’s important role in the domestic economy and on the global level. Here are some relevant aspects of the Company’s operations in Q4: 

  • The Q4 Order Inflow is in line with the Company’s expectations in the Infrastructure Projects Segment
  • International orders constitute 38% of the Q4 FY24 Order Book (with the PY at 28%)
  • Recurring PAT growth in Q4 FY24 is reflective of improved activity levels and lower tax expenses
  • For the Energy Projects segment, a ramp-up in the execution of international projects drove Hydrocarbon revenue growth
  • In the Financial Services segment, Q4 revolved around robust retail disbursements (the highest ever in a quarter), improved asset quality, and additional prudential provisions in the Security Receipts portfolio
  • In the Development Projects segment (includes the Hyderabad Metro and Power Development (Nabha Power)); Improved ridership aided revenue growth and margin improvement in the Hyderabad Metro, while the Nabha revenue and margin were in line with expected growth 
  • Furthermore, in addition to the special dividend of ₹6 per share paid to equity shareholders during the fiscal year 2024, the Company is recommending a final dividend of ₹28 per share for the financial year 2023-24

Additional Read: L&T Finance Q4 Results

Key Financial Metrics - Consolidated Q4 (FY2023-24) Financial Results (Income Statement) of Larsen & Toubro (in ₹ Crore)


Q4 FY23

Q4 FY24

YoY Change %

Revenue from Operations




Total Operational Expenses












Recurring Profit After Tax




Consolidated Profit After Tax




Building Bridges For the Future

Larsen & Toubros’s Q4 results have concluded a fruitful FY24 for the Company which is the undisputed leader in infrastructure development in India and abroad. FY24 has ended on a robust note with the securing of Order Inflows of above ₹3 Lakh Crore and Order Book at around ₹4.75 Lakh Crore. The Company plans to build on this trust in its clientele by further expansion in customer-centric areas, delivering services and products aligned with the reputation that the Company has been built on. Going into FY25, the Company has cemented its plans. In line with the L&T Lakshya 2026 plan to divest from non-core businesses, the Company concluded the sale of its stake in L&T IDPL. The Company is confident that its new-age businesses such as Green Energy, Semiconductor Chip Design, Digital Platforms and Data Centres will adopt the power of technology and compliment the growth of conventional core businesses in boosting the race toward planned targets. 

Additional ReadQuarterly Results


Larsen & Toubro’s Q4 results have shown the way for a profitable path leading into FY2025. Against a backdrop of headwinds from geopolitical tensions, geoeconomic fragmentation, volatility in international financial markets, continuing sea route trade disruptions, and extremes in climate events, risks are posed for prime infrastructure development. Such an atmosphere also leads to poor consumer sentiment and a lack of confidence in investors of projects. Nevertheless, India is rife with structural reforms, not to mention the strengthening of the physical and digital infrastructure it is invested in. With this perspective, L&T continues on its road to profitable execution of its healthy order book and will be tapping emerging opportunities. 

Additional Read: Tata Power Q4 Results

About L&T

Set up as an infrastructure development company around eight decades ago, Larsen & Toubro is a ~ USD 27 billion Indian multinational enterprise involved in EPC Projects, HiTech Manufacturing, and Services. Operating across multiple geographies, the Company has diversified businesses in different economic segments and is strong on its customer-focused approach. The constant quest for top-class quality has enabled L&T to attain and sustain a leadership position in its major lines of business for a longer period than most of its competitors. A record 

Order Book, a more than healthy Balance Sheet, a well-diversified business portfolio, and a proven track record of execution capabilities enable the Company to propel itself through volatile business environments and steer clear of losses.

Results for the Fourth Quarter and Full Year Ended March 31, 2024

Additional Read: Hero MotoCorp Q4 Results


Larsen & Toubro Q4 and FY24 Analyst Presentation on BSE

Larsen & Toubro Press Release on BSE

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

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Frequently Asked Questions

What is one of the highest growth metrics in L&T Q4 results?

Answer Field

One of the highest growth metrics is the Revenue from Operations, standing at ₹67,079 Cr, up by 15% YoY.

What is the result of Larsen and Toubro?

Answer Field

The result of Larsen and Toubro in Q4 FY24 showed progress in pipeline projects for the quarter and a record Order Book. In terms of financial results, the Company’s Revenue from Operations rose 15% YoY and the Consolidated PAT stood at ₹4,396 Cr, a rise of 10% YoY. The Company exhibited a well-rounded performance spread over all parameters.

Were the Q4 results of L&T good for Q4?

Answer Field

Yes, the L&T Q4 results may be considered on the positive side as the Company has clocked a healthy Order Book in Q4, not to mention YoY growth in PAT and Revenue from Operations. Besides this, the Company has continued its journey of improving return ratios at a consolidated level across all segments. 

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