Larsen & Toubro Q1 Profit Zooms 46% Yoy To Rs 893 Crore

Larsen & Toubro Q1 Profit Zooms 46% Yoy To Rs 893 Crore

Larsen & Toubro (L&T) on Friday reported a 46 per cent YoY rise in consolidated profit at Rs 893 crore for the June quarter.

The engineering and construction major had reported Rs 610 crore profit in the same quarter last year.

The company said its gross revenue rose 10 per cent to Rs 23,990 crore for June quarter.

International revenue stood at Rs 8,233 crore, which was 34 per cent of gross revenue.

The company said it won fresh orders worth Rs 26,352 crore. Out of this, international orders stood at Rs 7,885 crore, which was 30 per cent of the orders bagged during the quarter.

Consolidated order book of the group stood at Rs 2,62,860 crore as of June 30, up 2 per cent YoY. Of this, international order accounted for 26 per cent.

“The company’s focus continues to be on selective order intake, working capital reduction, cost optimision through strengthening execution and operational efficiencies andf productivity enhancements through degitalisation,” L&T said.

 

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