Larsen & Toubro Q2 Results Live : Larsen & Toubro declared their Q2 results on 30 Oct, 2024, showcasing a robust performance with a topline growth of 20.64% year-over-year (YoY) and a profit increase of 5.36% YoY. Compared to the previous quarter, revenue grew by 11.67%, while profit surged by 21.88%.
The company’s selling, general, and administrative expenses saw a slight rise of 2.03% quarter-over-quarter (q-o-q) and increased by 9.76% YoY. Despite the rise in expenses, the operating income was up by 15.61% q-o-q and 13.05% YoY, reflecting the company’s effective cost management and operational efficiency.
Earnings per share (EPS) for Q2 stood at ₹24.68, marking an increase of 7.68% YoY. This positive earnings trajectory highlights the company’s capability to enhance shareholder value, even amidst fluctuating market conditions.
On the stock performance front, Larsen & Toubro has delivered a return of -1.36% in the last week, -5.17% over the past six months, and -3.34% year-to-date. This recent performance may raise concerns among investors despite the strong quarterly results.
Currently, Larsen & Toubro has a market capitalization of ₹468,646.4 crore, with a 52-week high of ₹3,919.9 and a low of ₹2,871.05. This range indicates volatility in the stock price, prompting interest from market analysts.
As of 31 Oct, 2024, among the 30 analysts covering the company, the ratings reflect a mixed sentiment: 1 Strong Sell, 1 Sell, 4 Hold, 13 Buy, and 11 Strong Buy. The consensus recommendation is to Buy, suggesting optimism about the company’s future prospects.
Larsen & Toubro Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 61554.58 | 55119.82 | +11.67% | 51024.04 | +20.64% |
| Selling/ General/ Admin Expenses Total | 14180.01 | 13897.98 | +2.03% | 12919.24 | +9.76% |
| Depreciation/ Amortization | 1023.84 | 997.92 | +2.6% | 909.89 | +12.52% |
| Total Operating Expense | 56216.38 | 50502.45 | +11.31% | 46301.94 | +21.41% |
| Operating Income | 5338.2 | 4617.37 | +15.61% | 4722.1 | +13.05% |
| Net Income Before Taxes | 5555.09 | 4676.65 | +18.78% | 4991.07 | +11.3% |
| Net Income | 3395.29 | 2785.72 | +21.88% | 3222.63 | +5.36% |
| Diluted Normalized EPS | 24.68 | 20.25 | +21.88% | 22.92 | +7.68% |
