Larsen & Toubro Reports Performance for Quarter Ended December 31
OREANDA-NEWS. Larsen & Toubro recorded Consolidated Gross Revenue of 24033 crore for the quarter ended December 31, 2014, sustaining a y-o-y growth of 9.6%. The International revenue during the quarter at 6400 crore constituted 27% of the total revenue. The Consolidated Gross Revenue for the nine months period ended December 31, 2014 stood at 64487 crore registering a y-o-y growth of 9.9%.
The Company was successful in securing fresh orders worth 34580 crore at consolidated level during the quarter ended December 31, 2014, registering an impressive increase of 19% over the corresponding quarter of the previous year. The International order inflow during the quarter at 6300 crore constituted 18% of the total order inflow. Major orders during the quarter were secured by the Infrastructure segment.
On a cumulative basis, the order inflow for the nine-months period ended December 31, 2014 stood at 107785 crore, recording a healthy y-o-y growth of 16%. The order inflow during the nine-months period is predominantly driven by domestic orders bagged by Infrastructure and Power segments. The International order inflow constituted 26% of the total order inflow for the nine-months.
Consolidated Order Book of the group stood at 225788 crore as at December 31, 2014, higher by 17% on a y-o-y basis. International Order Book constituted 25% of the total Order Book.
The recurring consolidated Profit after Tax (PAT) for the quarter October to December 2014 at 867 crore recorded a significant y-o-y increase of 19%. Overall PAT for the quarter October to December 2014 grew by 9% over the corresponding quarter of the previous year, which included an exceptional gain.
Overall PAT in the nine-months period ended December 31, 2014 at 2695 crore registered an impressive growth of 31% on a y-o-y basis on the back of divestment gains.
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