28 Jan 2022 , 07:58 PM
During the December 2021 quarter, L&T saw solid revenue growth traction across infrastructure segment, hydrocarbons and IT. However, heavy engineering and the defence engineering businesses came under pressure.
The order book of L&T stood at a record level of Rs340,365cr. It bagged orders worth Rs.50,359cr during the Dec21 quarter.
However, EBIT growth came under pressure in hydrocarbons, heavy engineering and defence engineering. A sharp spike in construction costs and construction material costs in the quarter on yoy basis also had its impact.
Operating margins fell marginally from 10.05% in Dec-20 quarter to 9.60% in the Dec-21 quarter. Operating margins were higher on a sequential basis by 21 bps.
Also other income halved at Rs.571cr on yoy basis. PAT margins fell from 6.93% in the Dec-20 quarter to 5.19% in the Dec-21 quarter. The PAT margins were just marginally lower by 4 bps on a sequential basis.
Financial highlights for Dec-21 compared yoy and sequentially
Larsen & Toubro | |||||
Rs in Crore | Dec-21 | Dec-20 | YOY | Sep-21 | QOQ |
Total Income (Rs cr) | ₹ 39,563 | ₹ 35,596 | 11.14% | ₹ 34,773 | 13.78% |
EBITDA (Rs cr) | ₹ 3,798 | ₹ 3,578 | 6.15% | ₹ 3,266 | 16.28% |
Net Profit (Rs cr) | ₹ 2,055 | ₹ 2,467 | -16.70% | ₹ 1,819 | 12.93% |
Diluted EPS (Rs) | ₹ 14.61 | ₹ 17.55 | ₹ 12.94 | ||
EBITDA Margin | 9.60% | 10.05% | 9.39% | ||
Net Margins | 5.19% | 6.93% | 5.23% |
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