Firm declares dividend of ₹22 per fragment
L&T, the dwelling-grown infrastructure vital, has reported that its catch profit in March quarter was up eight per cent at ₹4,138 crore against ₹3,820 crore logged in the identical length last year, on elevated bellow execution.
Earnings from operation elevated 10 per cent to ₹52,851 crore (₹48,088 crore). Total tax prices diminished 25 per cent to ₹1,555 crore (₹2,087 crore) boosting the profitability of the company.
The Board of the company has truly handy a dividend of ₹22 per fragment.
The online profit of the company in the monetary year ended March was down 19 per cent at ₹10,419 crore (₹12,921 crore) as the profit last year was boosted by sale of non-core asset.
Earnings last fiscal elevated 15 per cent to ₹1. 56 lakh crore (₹1.36 lakh crore).
Command e book
The company bagged orders price ₹73,941 crore in March quarter, registering a sturdy boost of 46 per cent over the identical quarter of the earlier year, with the infrastructure segment booking a mega bellow from the Center East. World orders at ₹ 32,241 crore one day of the quarter comprised 44 per cent of the overall bellow inflow. The consolidated bellow e book of the team was at story levels, at ₹ 357,595 crore as of March-cessation with 27 per fragment from international orders.
L&T expects its bellow inflow to the contact ₹8-9 lakh crore by 2026 with infrastructure segment on my own accounting for ₹5-6 lakh crore, said Shankar Raman, CFO, L&T.
The company has a debt of ₹1.2 lakh crore with debt of monetary services trade accounting for ₹80,000 crore, he added
The infrastructure segment secured orders price ₹45,054 crore in March quarter, registering boost of 44 per cent over the identical quarter of the earlier year. The hydro carbon sector secured orders valued at ₹7,402 crore in the quarter under overview.
The segment recorded buyer income of ₹29,727 crore in the March quarter ended registering a boost of 13 per cent. The EBITDA margin in the segment was down marginally at 8.2 per cent (8.5 per cent) largely due to unreasonably excessive commodity prices. The hydrocarbon segment secured orders price ₹7,402 crore in the March quarter.
May possibly possibly well 12, 2022