Winning Bizness Desk

Mumbai. Engineering and construction company Larsen & Toubro (L&T), that played a crucial role in making parts of Chandrayan, has been seeing "Achche Din" after the successful launch of the spaceship last year. This company has been reaping financial benefits since then. This engineering company released its quarterly results and according to the data, the company's profit has increased by 12 percent year-on-year in the quarter ended June 30, 2024. This means that the company has made a profit of Rs 2,786 crore in the first quarter. However, experts believe that the profit that was being estimated. The company has not been able to earn that much profit. Even after that, the net profit of the company has increased by 12 percent. If we talk about revenue, there has been an increase of 15 percent on an annual basis.

Company made a profit of Rs 2,786 Cr in Q1

Engineering and construction company Larsen & Toubro (L&T) released its quarterly results on Wednesday and according to the data, the company's profit has increased by 12 percent on an annual basis in the quarter ended June 30, 2024. This means that the company has made a profit of Rs 2,786 crore in the first quarter. If we calculate it on a daily basis, then the company has made a net profit of Rs 31 crore daily. Due to the large size of the order book, the company's revenue has also seen an increase. According to the data, the company has gained 15 percent on an annual basis and it has increased to Rs 55,120 crore.

Global orders worth Rs 32,598 cr received

The company has received orders worth Rs 70,936 crore at the group level in the first quarter, registering a growth of 8 percent year-on-year. The group has received a lot of orders especially from the Middle East. During the quarter, orders have been received from many sectors like offshore areas of hydrocarbon business, renewable energy, transmission and distribution, roads, nuclear energy, hydropower and tunnels, health and engineering sector. During the quarter, international orders worth Rs 32,598 crore were received, which comprised 46 percent of the total order flow. At the end of the June quarter, the company's consolidated order book stood at Rs 4.9 lakh crore, in which the share of international orders was 38 percent. The company has achieved EBITDA of Rs 5,615 crore, which is a year-on-year increase of 15 percent. During this period, the margin was seen at 10.2 percent.