L&T Q3 PAT rises 15% to ₹2,947 crore
The Hindu
Larsen & Toubro Ltd. reported third quarter consolidated net profit grew 15% to ₹2,947 crore as compared with ₹2,653 crore in the year earlier period due to better performance of its energy projects and IT services segments aided by better execution at its infrastructure division.
Larsen & Toubro Ltd. reported third quarter consolidated net profit grew 15% to ₹2,947 crore as compared with ₹2,653 crore in the year earlier period due to better performance of its energy projects and IT services segments aided by better execution at its infrastructure division.
The company for the period ended December 31,2023 reported consolidated revenues of ₹55,128 crore recording a y-o-y growth of 19%, aided by a ramp up in execution of the strong order book in the Projects and Manufacturing portfolio. International revenues during the quarter at ₹24,300 crore constituted 44% of the total revenue, the company said in a regulatory filing.
The company received orders worth ₹75,990 crore at the group level during the quarter registering a growth of 25% on y-o-y basis.
During the quarter, orders were received across various businesses like the Offshore vertical of Hydrocarbon, Solar EPC & Power Transmission, Water Utilities, Buildings & Factories and Minerals & Metals sectors, it said.
International orders at ₹50,562 crore during the quarter comprised 67% of the total order inflow.
The consolidated order book is at ₹4,69,807 crore as on December 31, 2023, with international orders having a share of 39%, it added.
S.N. Subrahmanyan, Chairman and Managing Director said, “We have registered yet another quarter of strong performance, despite the headwinds from a volatile global environment and consequent supply chain constraints.”
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