L&T Financial Reports: Performance for the year ended March 31, 2020
Posted on: 06/Jun/2020 10:23:56 AM
Larsen & Tuubro recorded Consolidated Gross Revenue of ₹ 145,452 crores from continuing operations for the year ended March 31, 2020, achieving y-o-y growth of 8%. The International revenue during the year at ₹ 48,467 crores constituted 33% of the total revenue.
For the period January-March 2020, the Consolidated Gross revenue at ₹ 44,245 crores recorded a marginal y-o-y increase of 2%, despite challenges faced in a period characterized by economic volatility and a work-from-home / lockdown environment in the last fortnight of the financial year.
Consolidated Profit After Tax (PAT) from continuing operations for the year ended March 31, 2020, at ₹ 8,894 crores registered a growth of 7% y-o-y. The overall PAT at ₹ 9,549 crores, including the PAT from discontinued operations for the year ended March 31, 2020, grew by 7% y-o-y.
For the quarter ended March 31, 2020, overall PAT including the PAT from discontinued operations at ₹ 3,197 crores registered a decrease of 6% over the profits for a similar period last year.
During the quarter the Company declared interim dividend ₹ 10 per equity share. The Board of Directors has recommended a final dividend of ₹ 8 per equity share for the approval of shareholders.
The Company bagged a spate of orders worth ₹ 186,356 crores at the group level during the year ended March 31, 2020, registering a growth of 9% compared to the previous year even in the face of the subdued business environment and economic challenges. International orders during the year at ₹ 60,094 crores increased to 32% of the total order inflow, on large value order wins in diverse sectors such as Power Transmission & Distribution, Hydrocarbon, Water Effluent Treatment, and Metallurgical and Material Handling business.
The Order inflow for the quarter ended March 31, 2020, stood at ₹ 57,785 crore, registering a growth of 5% over the corresponding period of the previous year, with significant orders received in the Infrastructure segment.
The Consolidated Order Book of the group stood at ₹ 303,857 crores as of March 31, 2020, registering a growth of 4% over March, 2019. International orders constitute 25% of the total Order Book.
Highlights:
- Larsen & Toubro recorded Consolidated Gross Revenue of ₹ 145,452 crores from continuing operations for the year ended March 31, 2020, achieving y-o-y growth of 8%.
- For the period January-March 2020, the Consolidated Gross revenue at ₹ 44,245 crores recorded a marginal y-o-y increase of 2%, despite challenges faced in a period characterized by economic volatility and a work-from-home / lockdown environment in the last fortnight of the financial year.
- The Company y bagged a spate of orders worth ₹ 186,356 crores at the group level during the year ended March 31, 2020, registering a growth of 9% compared to the previous year even in the face of the subdued business environment and economic challenges.
