L&T’s This autumn internet revenue rises 3% to Rs 3,293 cr; broadcasts dividend of Rs 18


India’s largest engineering and building (E&C) participant Larsen and Toubro (L&T) posted a consolidated internet revenue of Rs 3,293 crore within the January-March quarter (Q4FY21). This is a rise of three per cent from Rs 3,197 crore revenue logged within the year-ago interval (Q4FY20).

Sequentially, the revenue rose 33 per cent from Rs 2,467 crore within the December quarter (Q3FY21). The corporate’s board advisable a remaining dividend of Rs 18 per share.

L&T’s income from operations, in the meantime, got here in at Rs 48,088 crore for the quarter ended March 31, 2021, up 8.6 per cent from the income of Rs 44,245 crore clocked in the identical quarter final 12 months.

The order influx for the quarter January-March 2021 stood at Rs 50,651 crore, decrease by 12 per cent over corresponding interval of the earlier 12 months with deferment of awards. Worldwide orders at Rs 18,439 crore throughout the quarter contributed to 36 per cent of the full order influx.

The consolidated order e-book of the group stood at Rs 327,354 crore as of March 31, 2021, registering a development of 8 per cent over March 31, 2020.

“The financial system which made a resilient comeback throughout the later a part of FY 2020-21, is as soon as once more on the crossroads, with the onset of a extra ferocious second wave of the Covid-19 pandemic, impacting many states. That is anticipated to briefly decelerate the expansion momentum, particularly throughout the first quarter of FY 2021-22,” mentioned the corporate in a submitting.

For the monetary 12 months ended March 31, 2021, L&T logged a consolidated Revenue After Tax (PAT) together with from discontinued operations, at Rs 11,583 crore registering a development of 21 per cent year-on-year.

Through the March quarter, the infrastructure section recorded an order influx of Rs 31,256 crore, a decline of 24 per cent over the corresponding quarter of the earlier 12 months. The facility and heavy engineering segments recorded order inflows of Rs 792 crore and Rs 1,778 crore respectively within the March quarter.

On Friday, L&T’s scrip closed at Rs 1,414.50 apiece, up 2.11 per cent on NSE.

Pricey Reader,

Enterprise Normal has at all times strived exhausting to supply up-to-date info and commentary on developments which might be of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on enhance our providing have solely made our resolve and dedication to those beliefs stronger. Even throughout these troublesome occasions arising out of Covid-19, we proceed to stay dedicated to protecting you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.

We, nonetheless, have a request.

As we battle the financial impression of the pandemic, we want your assist much more, in order that we are able to proceed to give you extra high quality content material. Our subscription mannequin has seen an encouraging response from a lot of you, who’ve subscribed to our on-line content material. Extra subscription to our on-line content material can solely assist us obtain the objectives of providing you even higher and extra related content material. We imagine in free, honest and credible journalism. Your assist by means of extra subscriptions may help us practise the journalism to which we’re dedicated.

Assist high quality journalism and subscribe to Business Standard.

Digital Editor

Source link


Please enter your comment!
Please enter your name here