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Larsen & Toubro shares dip in early trading
Larsen & Toubro (L&T) shares dropped about 0.84% on Monday morning, even though the company just posted impressive earnings and remains a big player in the Nifty 50 index.
L&T's FY25 revenue and profit numbers
For FY25, L&T's revenue jumped to ₹2.56 lakh crore and net profit grew nearly 14% to ₹17,687 crore.
The latest quarter was especially strong, with profits up 22% year-on-year.
Still, investors seemed cautious, as indicated by a bearish sentiment analysis in July.
Dividend, RoE, debt levels, and valuation
L&T announced a final dividend of ₹34 per share (payable June 3).
Their return on equity sits at a healthy 15.4%, but with a debt-to-equity ratio of 1.33 and P/E of almost 32, some might see the stock as pricey right now despite solid fundamentals.