L&T Q2 net surges 23% to ₹2,229 crore
The Hindu
Revenue grew 23% to ₹ 42,763 crore
Larsen & Toubro Ltd.’s (L&T) second-quarter consolidated profit after tax grew 23% to ₹2,229 crore as all major segments of the company reported higher profit.
Revenue grew 23% to ₹ 42,763 crore with execution tailwinds in the Infrastructure Projects segment and sustained growth momentum in the IT&TS portfolio, the company said in a statement.
International revenue at ₹ 15,473 crore constituted 36% of the total revenue.
The company recorded orders worth ₹ 51,914 crore at the group level during the quarter, up 23% over the year-earlier period.
During the quarter, orders were received across multiple segments like Public Spaces, Nuclear Power, Irrigation, Ferrous Metal, Health, Renewables and Refinery sectors, the company said.
International orders at ₹17,341 crore comprised 33% of the total order inflow.
The Infrastructure Projects segment recorded revenue of ₹ 19,370 crore, up 39% y-o-y aided by accelerated execution of projects across various sites. Energy Projects segment posted revenue of ₹5,586 crore, recording a decline of 7% y-o-y. Hi-Tech Manufacturing segment posted revenue of ₹ 1,456 crore , a marginal drop over same period last year.
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