Spread the love

NEW DELHI: Larsen & Toubro on Thursday said its consolidated net profit after tax rose 9.95 per cent year-on-year (YoY) to Rs 3,620.69 crore for the March quarter compared with Rs 3,292.81 crore in the same quarter last year.

An ET NOW poll of analysts had anticipated the profit figure at Rs 3,788 cr.

Consolidated revenues for the quarter rose 10 per cent YoY to Rs 52,851 crore, with international sales coming in at Rs 17,550 crore, accounting for 33 per cent of the total revenue.

The operating profit margin for the quarter came in at 12.34 per cent, compared with 11.45 per cent in the December quarter and 13.29 per cent in the year-ago quarter.

The net profit margin for the quarter came in at 6.85 per cent, compared with 5.19 per cent in the December quarter and 6.85 per cent in the year-ago quarter.

The company said it bagged orders worth Rs 73,941 crore during the quarter ended March 31, 2022, up 46 per cent YoY. The infrastructure segment booked a mega order from the Middle East, it said.

International orders for the quarter stood atRs 32,241 crore during the quarter comprised 44 per cent of the total order inflow. The consolidated order book of the group was at record levels, at Rs 357,595 crore as on March 31, 2022, with international orders having a share of 27 per cent, L&T said in the filing.

The company board has recommended a final dividend of Rs 22 per equity share, an increase of 22 per cent per share over the previous year.

L&T said the continuing fluctuations in crude oil and other commodity prices are leading to high input prices for industries and consumers. “The resultant supply chain disruptions could pose a threat to the growth plans of the country in the short-term,” it said.

“The company continues to focus on winning targeted orders in its EPC space, efficient execution of its large order book and capturing the growth momentum in the IT & TS portfolio. A robust order book, strong balance sheet, a well-diversified business portfolio and proven execution capabilities enable the company to steer through the current challenging environment while retaining its leadership position,” L&T said.



Leave a Reply