L&T Q2 revenue rises 21% to ₹61,555 cr, orders trip on high base of last year
Live MintInfrastructure and engineering major Larsen & Toubro displayed a robust financial performance in the quarter ended 30 September, but new order inflows tripped on a high base of last year and post-election sluggishness. International business also helped L&T beat the blues in terms of order booking, with more than three-fifths of new orders in the mainstay infrastructure projects segment coming from overseas. “That being said, it is creditable that the company has been able to maintain its win rate in the opportunities it has been bidding for so far.” The country’s largest infrastructure maker recorded a 5% year-on-year growth in consolidated net profit during the quarter at ₹3,395 crore. The energy projects division booked fresh orders of ₹7,759 crore compared to ₹40,141 crore last year, when it had booked two large hydrocarbon orders.