L&T Cons Q2 PAT increases by 27%

 

Larsen & Toubro reported Consolidated Gross Revenue of Rs. 26,447 crore for the quarter ended September 30, 2017, registering an increase of 6% on a y-o-y basis.

The company secured orders worth Rs.28,732 crore at the group level during the quarter amidst subdued business environment, policy uncertainties and delayed implementation.

International orders at Rs. 10,420 crore constituted 36% of the total order inflow. On a cumulative basis, the order inflow for the half year ended September 30, 2017 stood at Rs.55,084 crore. Major orders were received by Infrastructure and Hydrocarbon Segments.

Consolidated Order Book of the group stood at Rs.257,526 crore as at September 30, 2017, higher by 2% on a y-o-y basis with International Order Book constituting 26% of the total Order Book.

Consolidated Profit After Tax (PAT) for the quarter before exceptional items at Rs.1,683 crore grew by 63% over previous year.

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Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.
yash@newsbarons.com