L&T shares rally 5% post robust Q4 show: Should you buy, sell or hold?

Larsen and Toubro Q4 Results, Larsen and Toubro share price: Shares of Larsen and Toubro in Friday’s (May 9, 2025) early morning deals zoomed nearly 5 per cent after the infra major’s stellar Q4 earnings. After hitting the day’s high price of Rs 3477.55, the stock at around 11:30 am traded higher by nearly 4 per cent or Rs 131.35 at Rs 3,451.95 apiece on the BSE.

For the reporting March quarter, the company’s consolidated revenue came in at Rs 74,392 crore, marking on-year growth of 11 per cent. Net profit at the company grew 25 per cent to Rs 5,497 crore in the review quarter as against Rs 4,396 crore reported in the year-ago period.

On the operational front, the company’s EBITDA or earnings before interest, taxes, depreciation and amortization grew 13 per cent on-year to Rs 8,203 crore in Q4 March 2025.

Furthermore, the share of international revenues during the quarter was 49 per cent in comparison to 45 per cent in the corresponding quarter of the previous year. 

L&T’s dividend

The board has recommended a final dividend of Rs 34 per equity share for the financial year ended March 31, 2025. The company has fixed Tuesday, June 3, 2025 as the record date for determining the eligibility of members for the proposed dividend.

As per Trendlyne data, Larsen & Toubro has declared 28 dividends since Aug. 11, 2003.

L&T’s order book

Engineering and construction major during the March quarter reported order inflow at Rs 89,613 crore, registering a strong growth of 24 per cent on-year. Of the total, 70 per cent was constituted by international orders.

The consolidated order book of the group as on 31 March 2025 stood at Rs 579,137 crore, registering a growth of 22 per cent on-year.

L&T’s outlook

The company, alongside the release of its earnings, said that it will concentrate on the timely completion of its large order book, liquidity preservation and optimum capital deployment and other resources while being cautiously positive on the evolving new opportunities.

Should you buy L&T scrip stellar Q4 results? Here’s what brokerages

Global brokerage Bernstein has maintained an ‘outperform’ call on the stock with the target at Rs 3,992, implying potential gains of over 18 per cent. According to the brokerage, the company’s revenue missed consensus by 2 per cent- likely due to faster execution in the previous quarters. 

Order prospects of Rs 19 lakh crore versus Rs 12 lakh crore give good visibility for FY26, it added.