Conference Call with Larsen & Toubro Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.
Construction & Engineering company Larsen & Toubro declares Q3FY22 result: Revenues for nine months surpass pre-pandemic level, registering growth of 18% YoY Record Order Book at Rs 340,365 crore gives multi-year revenue visibility Recurring PAT growth for nine months period by 40% YoY Larsen & Toubro achieved Consolidated Revenues of Rs 39,563 crore for the quarter ended December 31, 2021, registering a YoY growth of 11%. The increase reflects an improving project execution momentum and robust growth in the IT&TS; portfolio. International sales during the quarter at Rs 14,541 crore constituted 37% of the total revenue. For the nine month ended December 31, 2021, the Consolidated Revenues at Rs 103,671 crore recorded a YoY growth of 18% with international revenues during the nine month period at Rs 38,045 crore constituting 37% of the total. The Consolidated Net Profit After Tax for the quarter ended December 31, 2021 at Rs 2,055 crore, registered a decline of 17% over the corresponding quarter of the previous year, which had an instance of a sale of commercial property in Realty business and gain on divestment from discontinued operations of the Electrical & Automation business. For the nine month ended December 31, 2021, Consolidated Net Profit After Tax at Rs 5,049 crore declined by 39% YoY since the corresponding period of the previous year included the one-time gain on divestment of the Electrical & Automation business. Adjusted for exceptional items and profit from discontinued operations, the Consolidated Net Profit After Tax for nine month period ending December 31, 2021 is Rs 4,952 crore vis-à-vis Rs 3,548 crore for corresponding previous year, registering a growth of 40%. On a cumulative basis, the order inflow for the nine month ended December 31, 2021 stood at Rs 119,056 crore, registering decline of 5% over the corresponding period of the previous year. International orders at Rs 51,683 crore during the nine month period constituted 43% of the total. Result PDF