Whalesbook
Larsen & Toubro (L&T) ne fiscal year 2025 ko Rs 255,734.45 Crore ki consolidated revenue ke saath end kiya hai, jo pichhle saal se 15.01% zyada hai. Net profit mein 13.60% ka izafa hua, jo Rs 17,687.39 Crore tak pahunch gaya, jisse Earnings Per Share (EPS) Rs 109.36 ho gaya. Company ki performance ka main reason hai record Rs 4 Lakh Crore se zyada ka order backlog, jo infrastructure aur information technology jaise vibhinnon mein teen saal se zyada ki revenue visibility provide karta hai. Yeh robust order pipeline historicaly stock performance se judaa raha hai, jisme aksar bade contracts announce hone ke baad 5-10% ka gain dekha gaya hai. Analysts L&T ke liye 'Buy' consensus rakhte hain, jisme average price targets Rs 109.36 ke EPS par lagbhag 15% upside potential dikhate hain. Halanki, Q4 FY25 earnings call se pata chala ki raw material cost fluctuations ke karan kuch construction segments mein margin pressures hain, jise L&T manage karta hai. Company ne Rs 34.00 per share ka dividend bhi declare kiya hai.
Hindalco Industries ne FY2025 ke liye 57.58% ka zabardast net profit surge report kiya hai, jo Rs 15,999 Crore hai, Rs 238,496 Crore ke revenue par jo 10.43% ka izafa hai. EPS Rs 72.05 tak badh gaya. Yeh margin expansion Rs 21,000 Crore ki smelter capacity expansion aur Odisha mein Fiber Reinforced Polymer (FRP) aur battery foil ke naye facilities ke karan hai. Yeh developments Hindalco ko automotive aur packaging mein aluminum ki badhti demand ka fayda uthane aur khaas taur par electric vehicle battery component market mein substantial share capture karne ke liye position karte hain. Company ne Rs 5.00 per share ka final dividend declare kiya hai. Analyst sentiment Hindalco ke liye mixed hai; 'Buy' ratings iske strategic pivot towards value-added products ko acknowledge karte hain, jabki 'Hold' ratings commodity price volatility aur global trade dynamics se jude risks ko highlight karte hain. Hindalco ka current P/E ratio, lagbhag 15x estimate kiya gaya hai, jo L&T ke 35x se zyada attractive lagta hai, jo specialty divisions se higher growth-to-valuation multiples ka potential dikhata hai.
Broader Indian infrastructure aur metals sectors ko robust governmental capital expenditure aur global commodity demand mein recovery se fayda ho raha hai. Infrastructure sector saalana 7-8% growth expect kar raha hai. Metals sector ka outlook bhi positive hai, lekin global supply chain disruptions aur trade policies ke adheen hai. Hindalco ka downstream products aur advanced materials jaise battery foil par focus global energy transition se align hota hai. Jabki L&T aur Hindalco dono ne strong performance metrics dikhaye hain, unke distinct business models aur growth drivers unki valuations mein reflect hote hain. L&T apne order book security ke liye premium charge karta hai, jabki Hindalco transformation aur future markets mein entry ka compelling narrative offer karta hai.