Business & Investment

L & T Q3 Results: Net Income Increased 5% to Rs 2,467, Above Estimates.Orderbook soars 76%

New Delhi: EPC Major Larsen & Tubro (L & T) on Monday Net income It increased by 4.87 percent to Rs 2,466.71, compared to Rs 2,352.12 in the same quarter last year.

Analysts in the ETNow poll predicted a net profit of Rs 1,699.

Revenue Operating income was down 1.78% year-on-year to Rs 35,596.42, down from Rs 36,242.68 year-on-year.

The company said it received record high orders in the quarter, thanks to many large contracts, including orders for high-speed rail, the country’s largest EPC contract.

As a result, quarterly orders surged 76% from the corresponding quarters of the previous year to reach Rs 73,233. International orders accounted for 14% of total order inflows this quarter.

Linking Order book One of the groups was a record Rs 3,31,061 as of December 31, 2020, 9% above the March 2020 level.

By segment, the infrastructure segment received two high-speed rail marquee orders and secured an order of Rs 45,574 during the quarter. This is an 80% increase over the previous year.

The heavy industry sector secured an order of Rs 99.8 billion during the quarter. This was driven by orders contracted in the nuclear business, with nearly 100% year-over-year growth. International orders accounted for 61% of the total order inflow. Other segments have also seen decent growth in strong orders.

However, the power segment did not secure major orders during the quarter. L & T said it was because there was no opportunity for a Greenfield thermal power project.

“Stagnant demand after the blockade, improved outlook for affordable residential real estate, and the green shoot of cement and steel capital spending are signs of increased confidence in the economic recovery, but in the medium term, the private sector. Significant sector-led capital spending may continue to remain in standby mode, “L & T said in a statement.

India’s economy could recover in 2010, supported by the long-awaited economic-friendly union budget, successful Covid vaccination to help restore health and kick start business activities, and increased investment in infrastructure I think there is.



L & T Q3 Results: Net Income Increased 5% to Rs 2,467, Above Estimates.Orderbook soars 76%

https://economictimes.indiatimes.com/markets/stocks/earnings/lt-q3-results-net-profit-rises-5-to-2467-crore-beats-estimates-order-book-soars-76/articleshow/80449999.cms L & T Q3 Results: Net Income Increased 5% to Rs 2,467, Above Estimates.Orderbook soars 76%

Back to top button