Larsen & Toubro Limited (L&T) recorded Consolidated Gross Revenue of Rs. 145,452 crore from continuing operations for the year ended March 31, 2020, achieving y-o-y growth of 8%. The International revenue during the year at 48,467 crore constituted 33% of the total revenue.
For the period January-March 2020, the Consolidated Gross revenue at Rs. 44,245 crore recorded a marginal y-o-y increase of 2%, despite challenges faced in a period characterised by economic volatility and a work-from-home / lockdown environment in the last fortnight of the financial year.
Consolidated Profit After Tax (PAT) from continuing operations for the year ended March 31, 2020 at Rs. 8,894 crore registered growth of 7% y-o-y. The overall PAT at Rs. 9,549 crore, including the PAT from discontinued operations for the year ended March 31, 2020 grew by 7% y-o-y.
For the quarter ended March 31, 2020, overall PAT including the PAT from discontinued operations at Rs. 3,197 crore registered decrease of 6% over the profits for similar period last year.
During the quarter the Company declared interim dividend Rs. 10 per equity share. The Board of Directors has recommended a final dividend of Rs. 8 per equity share for the approval of shareholders.
The Company bagged a spate of orders worth Rs. 186,356 crore at the group level during the year ended March 31, 2020, registering growth of 9% compared to the previous year even in the face of subdued business environment and economic challenges. International orders during the year at Rs. 60,094 crore increased to 32% of the total order inflow, on large value order wins in diverse sectors such as Power Transmission & Distribution, Hydrocarbon, Water Effluent Treatment and Metallurgical and Material Handling business.
The Order inflow for the quarter ended March 31, 2020 stood at Rs. 57,785 crore, registering a growth of 5% over the corresponding period of the previous year, with significant orders received in Infrastructure segment.
The Consolidated Order Book of the group stood at Rs. 303,857 crore as at March 31, 2020, registering a growth of 4% over March, 2019. International orders constitute 25% of the total Order Book.
Shares of LARSEN & TOUBRO LTD. was last trading in BSE at Rs.955.3 as compared to the previous close of Rs. 931. The total number of shares traded during the day was 247885 in over 10882 trades.
The stock hit an intraday high of Rs. 964.9 and intraday low of 937.5. The net turnover during the day was Rs. 235857492.