L&T Q4 Results: Reports 10% YoY Growth In Net Profit For March Quarter

Engineering behemoth Larsen & Toubro announced consolidated net profit for the March quarter increased 10% year over year (YoY) to Rs 3,987 crore, which was significantly less than the Rs 4,399 crore ETNow poll's estimate.

Consolidated operating revenue increased 10.4% YoY to Rs 58,335.15 crore, which was nonetheless less than the anticipated Rs 59,256 crore.

The board has suggested paying a final dividend per share of Rs 24 for FY23.

The topline increased by 17% year over year to Rs 1.83 lakh crore for FY23, while the bottom line increased by 21% to Rs 10,471 crore.

Earnings before interest, taxes, depreciation, and amortisation (EBITDA), the measure of consolidated operational profit for the March quarter, increased 5% YoY to Rs 6,833 crore while margin shrank by 60 basis points to 11.7%.

A modest 3% increase in orders came in for the quarter, totaling Rs 76,099 crore. 47% of the quarter's total order inflows, or Rs 36,046 crore, were from overseas.

Order inflows increased by 19% to Rs 2.30 lakh crore in FY23, evenly dispersed across different market categories.

International orders worth Rs 86,523 crore made up 38% of the overall orders received.

As of March 31, the group's combined order book was close to Rs 4 lakh crore, up 12% from the same time previous year. 28% of the total order book is made up of foreign orders.