Understanding Larsen and Toubro’s Financial Performance📈
If you are a crypto enthusiast interested in the financial performance of companies, understanding how infrastructure major Larsen and Toubro (L&T) fared in its recent financial results can provide valuable insights. Let’s delve into the key highlights of L&T’s financials to gain a better understanding of its performance in the market.
L&T’s Financial Growth📊
– L&T recently reported a 10% growth in its consolidated net profit, reaching Rs 4,396 crore.
– The company also saw a 15% year-on-year growth in consolidated revenues, amounting to Rs 67,079 crore.
– The Board recommended a final dividend of Rs 28 per share for the financial year, reflecting a positive outlook for shareholders.
– International revenues accounted for 45% of the total revenues during the fourth quarter, showcasing L&T’s global presence and market diversification.
Financial Highlights for the Year🌟
– For the fiscal year ended March 2024, L&T posted a consolidated Profit After Tax (PAT) of Rs 13,059 crore, representing a substantial 25% growth from the previous year.
– The PAT included an exceptional gain of Rs 94 crore attributed to the divestment of stake in L&T IDPL.
– L&T secured orders worth Rs 3.02 lakh crore during the fiscal year, indicating a significant 31% year-on-year growth in its order book.
Diversification Across Segments🔄
– L&T received orders across various segments such as hydrocarbon, metros, urban transit systems, airports, roads and bridges, residential, renewables, transmission and distribution, and precision engineering sectors.
– International orders accounted for Rs 1.63 lakh crore during the fiscal year, making up 54% of the total order inflow, with a notable increase in ordering momentum in GCC countries.
– The consolidated order book for the group grew by 20% year-on-year to Rs 4.75 lakh crore, with international orders contributing 38% to the total.
Chairman’s Perspective👤
– SN Subrahmanyan, Chairman and MD of L&T, expressed satisfaction with the company’s performance, highlighting the trust from clients reflected in the strong order book.
– Despite a 24% year-on-year decline in infrastructure order inflow, the segment’s customer revenues rose by 22% for the quarter ended March 2024.
– The energy segment witnessed a 48% year-on-year growth in order inflow, primarily driven by international orders in the hydrocarbon business.
– Other segments like hi-tech, IT, and technology services also showed positive order inflow trends, contributing to the overall growth of the company.
Closing Thoughts🔍
As a crypto investor looking for opportunities in the financial market, analyzing the performance of companies like Larsen and Toubro can provide valuable insights into industry trends and growth prospects. By understanding the financial highlights and strategic moves of companies like L&T, you can make informed decisions when exploring investment options in the market.
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