Larsen & Toubro Posts 46% Profit Growth; Margins Improve
Larsen and Toubro Net profit rises 45.6 percent
Larsen & Toubro Ltd. reported a 45.6 percent increase in profit in the June quarter, driven by strong performance of the infrastructure, power, and heavy engineering divisions.
Net profit stood at Rs 609.6 crore, compared to Rs 419 crore in the same quarter last year, according to its filing on the exchanges. Revenue rose 9.1 percent to Rs 21,873 crore.
L&T’s margins on earnings before interest, taxes, depreciation and amortisation rose to 8.77 percent from 8.26 percent in the same quarter last year.
Order Book
The company bagged orders worth Rs 29,702 crore in the first quarter, taking the consolidated order book to Rs 2,57,427 crore. International orders constituted 29 percent of the total order book, the company added.
Segment Wise Breakdown
Infrastructure segment revenue grew 9.2 percent to Rs 9,287 crore, while margins improved.
Power segment revenue increased 59.7 percent to Rs 1,722.6 crore. Margins improved sharply to 5.2 percent versus the negative 0.8 percent year on year.
Hydrocarbon business continued to struggle. Revenue decreased 0.5 percent to Rs 2,145 crore, while margins remained muted.
