L&T's consolidated revenue up by 10 pct
New Delhi, Jan 31 (IBNS): Larsen & Toubro on Wednesday said it has recorded Consolidated Gross Revenue of Rs. 28747 crore for the quarter ended December 31, 2017, registering an increase of 9.4% on a y-o-y basis, with some improvement in execution momentum and growth in services business.
Adjusted for excise duty subsumed in GST, the revenue growth was 10%. International revenues during the quarter at Rs.10110 crore constituted 35% of the total revenue, vis-à-vis 37% in the previous year.
For the nine months April-December 2017, the Consolidated Gross Revenue at Rs. 79184 crore recorded a y-o-y increase of 8.7% adjusted for Excise Duty.
The Company won fresh orders worth Rs. 48130 crore at the group level during the quarter ended December 31, 2017, registering a growth of 38%, with strong ordering activity witnessed during the quarter. International orders at Rs. 8835 crore constituted 18% of the total order inflow, vis-à-vis 34% in the corresponding period of the previous year.
On a cumulative basis, the order inflow for the nine months period ended December 31, 2017 stood at Rs.103213 crore, registering a growth of 8%.
Major orders were secured by Infrastructure and Hydrocarbon Segments. Consolidated Order Book of the group stood at Rs. 270727 crore as on December 31, 2017, higher by 4.7% on a y-o-y basis.
The International Order Book constituted 25% of the total Order Book. Consolidated Profit After Tax (PAT) for the quarter ended December 31, 2017 at Rs. 1490 crore, was higher by 53% y-o-y.
For the nine months period ended December 31, 2017, the overall PAT was Rs. 4202 crore, higher by 39% y-o-y, as compared to Rs. 3017 crore recorded for the corresponding period of the previous year.
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