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L&T Q1 net profit rises 21 per cent to Rs. 1,473 crore on overall strong growth

IBEF:  July 24, 2019

Engineering and Construction major Larsen and Toubro (L&T), has reported 21 per cent year-on-year rise in net profit at Rs. 1,472.58 crore (US$ 204.68 million) for June quarter. Strong all-round development has been registered on all key exhibition parameters.

L&T had registered net profit of Rs. 1,214.78 crore (US$ 168.85 million) in the year-back quarter, the company said in a BSE filing. Consolidated gross revenue for the quarter rose 9.74 per cent to Rs. 29,636 crore (US$ 4.1 billion). Income from international operations, which was at Rs. 9,268 crore (US$ 1.28 billion), represented 31 per cent of the total revenue of the company during the quarter. The comapny won orders worth Rs. 38,700 crore (US$ 5.3 billion) during the quarter.

The united consolidated order book stood at Rs. 2.94 trillion starting at 30 June, out of which international orders represented 21 per cent of the book.

The infra segment bagged Rs. 17,497 crore (US$ 2.43 billion) orders during the quarter, which were lower 10 per cent on a yearly premise. The order book for the segment stood at Rs. 2.19 trillion.

The hydrocarbon segment reported a request inflow of Rs.3,424 crore (US$ 475.9 million) for the quarter. order book for this segment stood at Rs. 40,408 crore (US$ 5.61 billion). This segment reported a 60-basis points year-on-year bounce in EBITDA margin at 7.6 per cent.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.