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L&T clocks revenue of Rs 1.41 lakh crore, PAT up 21 pc at Rs 8,905 crore

L&T clocks revenue of Rs 1.41 lakh crore, PAT up 21 pc at Rs 8,905 crore

Mumbai: Engineering and infrastructure major Larsen and amp; Toubro said on Friday it recorded consolidated gross revenue of Rs 141,007 crore for the year ended March 31, 2019, achieving year-on-year growth of 18 percent.

The international revenue of Rs 45,109 crore constituted 32 percent of the total revenue, it said in a statement.

Consolidated gross revenue in the quarter of January to March 2019 at Rs 44,934 crore recorded an increase of 10 percent on y-oy basis.

Consolidated profit after tax for the year ended March 31, 2019, at Rs 8,905 crore registered a strong growth of 21 percent y-oy. The overall profit after tax for January to March quarter grew to Rs 3,418 crore from Rs 3,167 crore over the corresponding quarter of the previous year.

The board of directors has recommended a dividend of 18 per equity share.

Landamp; T won new orders worth Rs 176,834 crore at the group level during 2018-19, registering a growth of 16 percent over the previous year. International orders at 46,805 crores constituted 26 percent of the total order inflow.

Order wins in infrastructure and hydrocarbon segments were major contributors to the order inflow.

Consolidated order book of the group stood at Rs 293,427 crore as on March 31 with international order book constituting 22 percent of it.

The conglomerate said that with India undergoing general elections, disruptions in decision-making processes could impact key operating parameters in the first half of 2019-20.

“However, the revival of stressed businesses and recovery of non-performing assets are expected to ease the concerns on liquidity and perk-up the business sentiment. Improved credit growth is also expected to aid an uptick in private capex in areas of transportation infrastructure, green energy, commercial real estate, digital technology and services,” it said in the statement.

Landamp;T is engaged in technology, engineering, construction, manufacturing and financial services with more than 18 billion dollars in revenue and operations in over 30 countries.

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