Larsen & Toubro Limited has informed the Exchange about Newspaper Publication of Chairman s Address to shareholders - 80th Annual General Meeting of the Company for FY 2024-25 held on Tuesday, 17th June 2025
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L&T has filed with the stock exchanges the newspaper publication of its Chairman's Address delivered at the 80th AGM held on June 17, 2025. The address highlighted FY25 as a standout year, with order book rising 22% to ₹5,79,147 crore, revenue up 16% to ₹2,55,734 crore, and EBITDA up 11% to ₹26,444 crore. The Board has recommended a final dividend of ₹34 per share. Key milestones include commissioning Mumbai Metro Line 3 Package 7, the Riyadh Metro, and major solar projects in Saudi Arabia (Sudair, Al Kahfah, Ar Rass 2). S&P and Fitch upgraded L&T's credit rating to BBB+ with stable outlook, two notches above India's sovereign rating.
This is a procedural disclosure but reinforces L&T's strong fundamentals. The record order book and revenue growth support multi-quarter visibility, the BBB+ rating upgrade boosts borrowing profile, and the dividend signals healthy cash returns for shareholders.