Larsen & Toubro revenue rises 10%, order inflow up 11% in Q2 2014
Larsen & Toubro is publishing consolidated financial results for the quarter ended June 30, 2014 pursuant to the option as per clause 41 of the Listing Agreement. Larsen & Toubro recorded Consolidated Gross Revenue of ` 19123 crore for the quarter
ended June 30, 2014, registering a y-o-y growth of 10%. The International revenue during the quarter at ` 4781 crore constituted 25% of the total revenue, the Company said in a press release.
The Company successfully won fresh orders worth ` 33408 crore at consolidated level during the quarter ended June 30, 2014, registering a y-o-y growth of 11 %, on a large base. The International order inflow during the quarter at ` 14754 crore grew more
than 2 times on a y-o-y basis, constituting 44% of the total order inflow. Major orders during the quarter were secured by the Infrastructure, Hydrocarbon and Heavy Engineering segments.
Consolidated Order Book of the group stood at ` 195392 crore as at June 30, 2014, higher by 13% on a y-o-y basis. International Order Book constituted 26% of the total Order Book.
The Consolidated recurring Profit after Tax (PAT) for the quarter stood at ` 771 crore vis-à-vis ` 459 crore in the corresponding quarter of the previous year registering a growth of 68%. The overall PAT for the quarter at ` 967 crore recorded an impressive growth of 111% on a y-o-y basis on the back of divestment gains.
Larsen & Toubro is a USD 14.3 billion technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. Its products and systems are marketed in over 30 countries worldwide. L&T is one of the largest and most respected companies in India’s private sector. A strong, customer–focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business over seven decades.
