Larsen & Toubro’s Q4 net profit up by 10% y-o-y

9 May 2024 , 11:13 AM

Larsen and Toubro (L&T), the infrastructure behemoth, reported a 10% increase in consolidated net profit to ₹4,396 Crore on Wednesday. For the same time, consolidated revenues were ₹67,079 Crore, up 15% year on year.

The Board also recommended a final dividend of ₹28 per share with a face value of ₹2 for the fiscal year ending March 2024. In the fourth quarter, international revenues accounted for 45%.

For the fiscal year ending March 2024, L&T reported a combined PAT of ₹13,059 Crore, a 25% increase over the previous year. The PAT includes an extraordinary gain of ₹94 Crore due to the disposal of an interest in L&T IDPL.

L&T got orders of ₹3.02 lakh Crore at the group level in the fiscal year ending March 2024, representing a 31% YoY growth.

Orders were received throughout the year in a variety of categories, including onshore and offshore verticals in hydrocarbon, metros, urban transport systems, airports, roads and bridges, residential, renewables, transmission and distribution, and precision engineering.

During the year, international orders were ₹1.63 lakh Crore, accounting for 54% of overall order inflow, with GCC nations experiencing stronger ordering momentum.

The order inflow for the quarter ending March 2024 was ₹72,150 Crore, down 5% from the same quarter the previous year. Domestic order inflow increased by 17% YoY.

The group’s overall order book was up 20% year on year to ₹4.75 lakh Crore at the end of the March quarter, with international orders accounting for 38%.

Infrastructure order inflows declined 24% year on year to ₹31,340 Crore, owing mostly to the receipt of several high-value contracts in the previous year. International orders accounted for 22% of the total order intake during the quarter.

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