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Larsen & Toubro registers growth of 18%

By Swati Deshpande,

Added 13 May 2019

Group Performance for the year ended March 31, 2019

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Larsen & Toubro recorded Consolidated Gross Revenue of ₹ 141,007 crore for the year ended March 31, 2019, achieving a robust y-o-y growth of 18%. The International revenue during the year at ₹ 45,109 crore constituted 32% of the total revenue.

The Consolidated Gross Revenue in the quarter January to March 2019 at ₹ 44,934 crore recorded an increase of 10% on y-o-y basis.

Consolidated Profit After Tax (PAT) for the year ended March 31, 2019 at ₹ 8,905 crore registered strong growth of 21% y-o-y. The overall PAT for the quarter January to March 2019 grew to ₹ 3,418 crore from ₹ 3,167 crore for the corresponding quarter of the previous year.

The Board of Directors has recommended for the approval of shareholders, a dividend of ₹ 18 per equity share.

The Company successfully won new orders worth ₹176,834 crore at the group level during the year ended March 31, 2019 registering a growth of 16% over the previous year. The International orders during the year at ₹ 46,805 crore constituted 26% of the total order inflow. Order wins in Infrastructure and Hydrocarbon segments were the major contributors to the order inflow during the year.

The order intake for the quarter ended March 31, 2019 at ₹ 56,538 crore grew by 14% y-o-y. International order inflow during the quarter at ₹ 17,680 crore constituted 31% of the order inflow for the quarter.

Consolidated Order Book of the group stood at ₹ 293,427 crore as at March 31, 2019, with international Order Book constituting 22% of the total Order Book.

END

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