L&T's fourth-quarter net profit increased by 10% to Rs 4,396 crore, Announced a dividend of Rs 28 per share.

LTP as of 08.05.2024 = 3,486.85 RS.

Larsen and Toubro (L&T), a major player in engineering and construction, announced on May 8th that its consolidated net profit for the quarter ending March 2024 reached Rs 4,396 crore, marking a 10% increase compared to Rs 3,987 crore in the same quarter of the previous year and Rs 3,621 crore in the corresponding quarter of 2022-23.

The company disclosed in an exchange filing that its revenue from operations during the quarter amounted to Rs 67,079 crore, reflecting a 15% growth from Rs 58,335 crore a year ago and Rs 52,851 crore in the same quarter of 2022-23. Notably, 45% of the revenue came from international sources.

Analysts had anticipated the company's consolidated revenue for the March quarter to reach Rs 65,402 crore, marking an 18.6% year-on-year growth. The expected net profit was projected to rise by 9.8% year-on-year to Rs 4,380 crore.

The Board of Directors proposed a final dividend of Rs 28 per equity share, subject to shareholder approval.

L&T reported that the order inflow for the quarter ending March 31, 2024, totaled Rs 72,150 crore, indicating a 5% decrease compared to the same quarter of the previous year, which saw order inflows of Rs 76,099 crore.

International orders amounted to Rs 25,217 crore, comprising 35% of the total order book. As of March 31, 2024, Larsen & Toubro (L&T) reported that the consolidated order book of the group stood at Rs 475,809 crore, with international orders accounting for 38% of the total. This represents a 20% increase compared to Rs 399,526 crore as of March 31, 2023, and Rs 357,595 crore as of March 31, 2022. For the fiscal year FY24, the order growth reached 31%, surpassing the order inflow growth guidance of 12-15%.

International orders accounted for Rs 25,217 crore, making up 35% of the total order book. According to L&T, as of March 31, 2024, the consolidated order book of the group stood at Rs 475,809 crore, with international orders representing 38% of the total. This order book figure reflects a 20% growth compared to Rs 399,526 crore as of March 31, 2023, and Rs 357,595 crore as of March 31, 2022. In FY24, the order growth reached 31%, exceeding the order inflow growth guidance of 12-15%.