L&T Posts 23% YoY Revenue Growth In Q2 FY23

Larsen & Toubro (L&T) achieved Consolidated Revenues of Rs 42,763 crore for the quarter ended September 30, 2022 recording a y-o-y growth of 23 per cent with execution tailwinds in the Infrastructure Projects segment and sustained growth momentum in the IT&TS portfolio.

International revenues during the quarter at Rs 15,473 crore constituted 36 per cent of the total revenue.

For the half-year ended September 30, 2022, the Consolidated Revenues at Rs 78,616 crore recorded a y-o-y growth of 23 per cent with international revenues during the half-year at Rs  28,708 crore constituting 37 per cent of the total. The Company for the quarter ended September 30, 2022, posted a Consolidated Profit After Tax (PAT) of Rs 2,229 crore, registering a robust growth of 23 per cent over the corresponding quarter of the previous year. All the major segments reported higher profits, led by the IT&TS and Financial Services businesses.

For the half-year ended September 30, 2022, Consolidated Profit After Tax at Rs 3,931 crore, registered a growth of 31 per cent y-o-y basis.

The company recorded orders worth Rs 51,914 crore at the group level during the quarter ended September 30, 2022, registering a growth of 23 per cent over the corresponding quarter of the previous year. 

During the quarter, orders were received across multiple segments like Public Spaces, Nuclear Power, Irrigation, Ferrous Metal, Health, Renewables and Refinery sectors. International orders at Rs 17,341 crore during the quarter comprised 33 per cent of the total order inflow.

The Infrastructure Projects segment secured order inflows of Rs 25,058 crore, during the quarter ended September 30, 2022, registering a substantial growth of more than 100 per cent, as compared to the corresponding quarter of the previous year. International orders at Rs 6,700 crore constituted 27 per cent of the total order inflow of the segment during the quarter.

The Energy Projects segment secured orders valued at Rs 8,441 crore during the quarter ended September 30, 2022, registering a decline of 42 per cent y-o-y since previous year had the benefit of receipt of a mega international order in the Hydrocarbon business. International order inflow constituted 3 per cent of the total order inflow of the segment during the quarter.