L&T Revenue Rises to Rs.67,079 Cr. By 15% in Narrow Margins

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Larsen & Toubro (L&T) reported robust financial performance for the fiscal year ended March 31, 2024. The company achieved Consolidated Revenues of ₹ 221,113 crore, marking a healthy year-on-year growth of 21%. This impressive revenue growth was facilitated by strong execution of a large order book in the company’s Projects & Manufacturing businesses.

A significant contributor to L&T’s revenue was its international operations. During the year, international revenues stood at ₹ 95,086 crore, constituting 43% of the total revenues. This substantial international revenue was largely driven by a ramp-up in the execution of multiple international projects.

The company’s performance remained strong in the fourth quarter as well. For the quarter ended March 31, 2024, L&T recorded Consolidated Revenues of ₹ 67,079 crore, reflecting a year-on-year growth of 15%.

The robust financial results underscore L&T’s ability to capitalize on its diverse project portfolio and execute them efficiently across domestic and international markets. The company’s strong order book and execution capabilities position it well for continued growth in the coming years.

During the quarter, foreign revenues accounted for 45% of total revenue. Consolidated Profit After Tax (PAT) for the year ended March 31, 2024, was reported by the Company. This represents a strong increase of 25% over the previous year. The selling of a stake in L&T IDPL (L&T Infrastructure Development Projects Limited) is the reason for the extraordinary gain of ₹ 94 crore (net of tax) included in the PAT.

The PAT for the quarter that concluded on March 31, 2024, was ₹ 4,396 crore, representing a 10% year-over-year increase. The final dividend of ₹ 28 per equity share has been proposed by the Board of Directors. Watch This Special Interview With R Shankar Raman, L&T’s President, Whole-Time Director, and CFO.

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