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.


ParticularsQ2FY23YoY (% change)Q1FY24QoQ (% change)Q2FY24
Total Income (₹crs.)43,50119.949,0276.3852,157
Total Expenses (₹crs.)39,56419.2144,6955.5347,165
Net Profit (₹crs.)2,81936.753,11623.723,855
Margin (%)6.480.916.361.047.39


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.

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.


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.


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.

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