Larsen & Toubro's Q2FY24 Financial Performance Review
In this financial performance review, we delve into the results of Larsen & Toubro (L&T) for the second quarter of fiscal year 2024 and analyze key metrics, including revenue, expenses, net profit, and margin.
| Particulars | Q2FY23 | YoY (% change) | Q1FY24 | QoQ (% change) | Q2FY24 |
| Total Income (₹crs.) | 43,501 | 19.9 | 49,027 | 6.38 | 52,157 |
| Total Expenses (₹crs.) | 39,564 | 19.21 | 44,695 | 5.53 | 47,165 |
| Net Profit (₹crs.) | 2,819 | 36.75 | 3,116 | 23.72 | 3,855 |
| Margin (%) | 6.48 | 0.91 | 6.36 | 1.04 | 7.39 |
REVENUE:
L&T reported a total revenue of ₹52,157 crores Q2FY24, reflecting a strong growth of 6.38% sequentially. Year-on-year, the company's revenue witnessed a substantial increase of 19.9% compared to the revenue of ₹43,501 crores in Q2FY23.
EXPENSES:
The company's total expenses for Q2FY24 amounted to ₹47,165 crores, showing a quarter-on-quarter growth of 5.53%. On a year-on-year basis, expenses increased by 19.21% compared to ₹39,564 crores inQ2FY23.
NET PROFIT:
L&T reported a net profit of ₹3,855 crores, marking a significant increase of 23.72% compared to the preceding quarter. Year-on-year, the net profit saw substantial growth of 36.75% compared to Q2FY23.
MARGINS:
L&T's margin in Q2FY24 stands at a healthy 7.39%, which is a notable increase compared to the margin of 6.36% in the preceding quarter. Year-on-year, the margin also showed a positive trend, growing from 6.48% in Q2FY23 to 7.39% in Q2FY24.
In conclusion, Larsen & Toubro's financial performance in the second quarter of fiscal year 2024 demonstrates impressive growth in revenue, net profit, and margins, both sequentially and year-on-year. The company's ability to manage expenses and maintain profitability is commendable, indicating effective strategies and resilience in a challenging business environment.
Stay tuned for more updates on upcoming financial performances.