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L&T records gross revenue of Rs 23,990 cr in Q1

By Swati Deshpande,

Added 31 July 2017

Revenue up by 10%

Larsen & Toubro recorded Consolidated Gross Revenue of Rs. 23,990 crore for the quarter ended June 30, 2017, registering an increase of 10% on a y-o-y basis. The International revenue during the quarter at Rs. 8,233 crore constituted 34% of the total revenue.

The Company won new orders worth Rs. 26,352 crore at consolidated level during the quarter ended June 30, 2017 in a challenging business environment. International orders at Rs. 7,885 crore constituted 30% of the total order inflow. Major orders during the quarter were secured by Infrastructure Segment.

Consolidated Order Book of the group stood at Rs. 262,860 crore as on June 30, 2017, marginally higher by 2% on a y-o-y basis. International Order Book constituted 26% of the total Order Book.

Consolidated Profit After Tax (PAT) for the quarter ended June 30, 2017 at Rs. 893 crore was higher by 46% vis-à-vis PAT of ` 610 crore for the corresponding quarter of the previous year.

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