Larsen & Toubro reported a consolidated net profit of Rs. 2,786 crore in Apr-Jun, up 12% year-on-year, aided by better execution of projects and robust order inflow.
Consolidated revenue from operations for Apr-Jun was at Rs. 55,120 crore, up 15% year-on-year. Order inflow in the quarter was at Rs. 70,936 crore, up 8% year-on-year, with international order comprising 46% of the overall share aided by demand from the Middle East region. The consolidated order book at the end of June was at Rs. 4,90,881 crore, up 19% year-on-year.
The consolidated operating margin for the quarter was at 10.2%, unchanged from the previous year.
“We have achieved steady growth across all financial parameters in Q1 FY 2024-25, despite the geopolitical situation across the globe. Amidst various transformational shifts happening worldwide, we are well-positioned to grasp these opportunities with our expertise in our traditional P&M business and technology driven new-age Businesses,” said S.N. Subrahmanyan, Chairman and Managing Director, L&T.
The flagship infrastructure segment of the business recorded revenue of Rs. 26,908 crore in the quarter, up 22% year-on-year aided by improved execution momentum witnessed across various project sites. The segment’s operating margin was at 5.8%, up from 5.1% in the previous year.
The segment’s order book stood at Rs. 3,24,879 crore as on June end, with the share of international orders at 28%.
