L&T marks 46 pct rise in net profit in Q1
Larsen & Toubro recorded Consolidated Gross Revenue of Rs. 21874 crore for the quarter ended June 30, 2016, registering an increase of 9.1% on a y-o-y basis.
The International revenue during the quarter at Rs. 7622 crore constituted 35% of the total revenue.
The Company successfully won fresh orders worth Rs. 29702 crore at consolidated level during the quarter ended June 30, 2016, registering a smart increase of 14%.
The International orders at Rs. 13211 crore constituted 44% of the total order inflow.
Major orders during the quarter were secured by Infrastructure and Hydrocarbon Segments. Consolidated Order Book of the group stood at Rs. 257427 crore as on June 30, 2016, higher by 8% on a y-o-y basis.
International Order Book constituted 29% of the total Order Book. Consolidated Profit After Tax (PAT) for the quarter ended June 30, 2016 at Rs. 610 crore was higher by 46% vis-à-vis Ind AS restated PAT of Rs. 419 crore for the corresponding quarter of the previous year.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
