L&T Q1 net profit rises to ₹1,473 crore

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Larsen & Toubro

 India’s largest Engineering and construction company Larsen & Toubro on Tuesday announced a consolidated net profit at ₹1,472.58 crore for June quarter. i.e. 21% year-on-year rise.

 The Strong all-round growth has been seen on all key performance parameters.

L&T had reported it’s net profit of ₹1,214.78 crore in the year-ago quarter, the company said in a BSE filing. However, the net profit was lower than the estimates of ₹1,560 crore.

Consolidated gross revenue for the ended quarter increased by 9.74% to₹29,636 crore.

International revenue stood at ₹9,268 crore accounted for 31% of the total revenue during the quarter.

The company has won orders worth ₹38,700 crore during the ended quarter.

Overall, the consolidated order book stood at ₹2.94 trillion as of 30 June, out of which international orders accounted for 21% of the book.

The infra segment of L&T bagged ₹17,497 crore orders during the quarter, which were 10% lower on an annual basis. The order book for the segment stood at ₹2.19 trillion.

The hydrocarbon segment reported an order booking of ₹3,424 crore for the quarter and order book for this segment stood at₹40,408 crore. This segment, on an annual basis, reported 60 basis points jump in Ebitda margins at 7.6%.

Today, shares of L&T gained 0.44% to close at₹1,410, while the benchmark index, Sensex, lost 0.13% to close at 37,982.74 points.

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