Q1 Results: L&T Net Profit Jumps 45% YoY To Rs 1,702 Cr

Construction heavyweight Larsen & Toubro (L&T) on Tuesday released its financial results for the quarter ended June 30, 2022 and reported a 45 per cent year-on-year rise in its consolidated net profit at Rs 1,702 crore compared to Rs 1,174.44 crore in the same quarter last year.

Its consolidated revenues in the quarter under review jumped 22 per cent YoY to Rs 35,853 crore due to strong execution in infrastructure segment and sustained growth momentum in the IT&TS portfolio.

The Company secured orders worth Rs 41,805 crore at the group level during the quarter ended June 30, 2022, registering a growth of 57 per cent over corresponding quarter of the previous year. 

During the quarter, orders were received across diverse segments like Public Spaces, Metros, Water Management & Waste Water, Minerals and Metal, Factories, Data Centers, Defence, Power Transmission and Distribution and Hydrocarbon Offshore sectors. 

International orders at Rs 17,842 crore during the quarter comprised 43 per cent of the total order inflow.

The consolidated order book of the group is at a record Rs 363,448 crore as on June 30, 2022, with international orders having a share of 28 per cent

International revenues for the quarter at Rs 13,235 crore accounted for 37 per cent of the total revenue.