LARSEN & TOUBRO Q4 2024 QUARTERLY RESULTS TODAY: DIVIDEND ANNOUNCEMENT IN EARNINGS - CHECK PREVIEW

Larsen & Toubro Q4 2024 Quarterly Results Today: The quarterly earnings season for Q4 FY24 for the Indian listed companies has already kicked off, with several listed companies posting their financial results for the quarter, which ended on March 31, 2024. Larsen & Toubro is also set to announce its quarterly results, or Q4 results, for 2024.

Larsen & Toubro Q4 2024 Quarterly Results date and time

Larsen & Toubro’s board of directors is scheduled to meet today to approve and take record of the audited consolidated financial results for the fourth quarter and financial year 2023–24.

“We wish to inform you that a Meeting of the Board of Directors of the Company will be held on Wednesday, 8th May 2024, inter-alia, to consider and approve the audited consolidated and standalone financial results of the Company for the year ended 31st March 2024,” said the company in the exchange filing on the BSE.

Larsen & Toubro Dividend Announcement 2024

In addition to the quarterly earnings, the company’s board will also consider the recommendation of a dividend on equity shares, if any, for the said year.

Larsen & Toubro Quarterly Results - Preview, Expectations Details

According to the ET Now, Larsen & Toubro is expected to post a surge of 13 per cent year-on-year and 19 per cent quarter-on-quarter in revenue at Rs 65,869 crore in the quarter under review. The company’s net profit is expected to rise 45 per cent quarter-on-quarter and 7 per cent year-on-year to Rs 4,275 crore.

Nuvama expects the company’s order book to be at Rs 4,51,700 crore and the company’s order flow at Rs 79,700 crore.

IIFL Securities expects the company’s order book to be at Rs 4,79,320 crore and the company’s order flow at Rs 73,634 crore.

Factors to Watch Out For

- Expected moderation in order inflows due to impending election cycle.

- Continued red sea crisis may continue to weigh on execution. Management commentary on near-term order prospects, revenue, working capital, and core margins (especially Infra) will be key monitorables.

- Revenue growth to be led by growth in Energy and services businesses. Middle-East ordering momentum & execution + management commentary. Management commentary on the pace of execution of domestic orders.

- Ordering pipeline for FY25E. Competitive intensity in domestic and international business.

- Progress on divestment for non-core businesses (Hyd metro, Nabha Power). Management commentary on new business segments (Solar, Hydrogen, etc).

Guidance Given in Q3FY24

- Revised order inflow guidance to 20 per cent-plus for the full year FY24.

- Revenue: looking to achieve growth in high teens for the full year FY24.

- Order inflow: 20 per cent-plus order inflow for the full year FY'24.

- Fine-tuned margin guidance in the Projects and Manufacturing portfolio from earlier 8.59 per cent to 8.25 per cent - 8.5 per cent for the full year FY24.

- Working capital - revising the earlier guidance of 16 per cent-18 per cent to December '23 levels i.e. 16.6 per cent.

- Middle East particularly Saudi Arabia, continues to pursue its investment plans across multiple sectors.

Analysts' Expectations For FY25 Guidance

- Revenue growth: 12-15 per cent.

- Order Inflows: flat to -5 per cent.

- Margins: 50-100 bps increase.

Larsen & Toubro Dividend History

Larsen & Toubro has a rich history of paying dividends to its shareholders. The company has in the past paid a dividend of Rs 24 and a special dividend of Rs 6 in 2023. The BSE data showed that the company has paid a dividend of Rs 22 in 2022 and Rs 18 in 2021 to its shareholders.

Larsen & Toubro Dividend Yield

At the current market price, Larsen & Toubro boasts a dividend yield of 0.71 per cent.

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(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)

2024-05-08T05:47:27Z dg43tfdfdgfd