Key takeaways from Larsen and Toubros Q2FY22 results
Larsen & Toubro Ltd, commonly known as L&T, is an Indian multinational conglomerate, with business interests in engineering, construction, manufacturing, technology and financial services, headquartered in Mumbai. The company is counted among world's top five construction companies.
The company declared its quarterly results for quarter ending September 30, 2021. Here are some key takeaways from the Q2FY22 results declared -
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Larsen & Toubro Q2 Consolidated Revenue recorded growth of 12 per cent at Rs. 34,773 crore attributed to healthy execution of projects & industry leading growth in the IT&TS portfolio
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L&T Consolidated Net Profit After Tax (excluding exceptional items and discontinued operations) for the quarter ended September 30, 2021 stood at Rs. 1,723 crore with substantial y-o-y growth of 56 per cent.
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L&T Order Book stands at near record levels of Rs. 330,541 crore
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L&T top orders includes in various segments such as Oil & Gas, Metros, Rural Water Supply, Minerals and Metal, Public Space and Power Transmission and Distribution during the quarter
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Singoli – Bhatwari Hydro project sold to ReNew Power for Rs. 1007 crore; gain of Rs. 144 crore recognized
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Transfer of Nxt Digital Business to Mindtree completed
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Technology Services: Board recommended special dividend of Rs.10 per share to commemorate 5 years of listing
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Fully indigenously manufactured L&T built Full Span Launching Equipment comprising first-of-its-kind Straddle Carriers and Girder Transporters for transporting & erecting full span girders was flagged off from Kanchipuram to be deployed for C4 package
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Despite Coal shortage, Nabha power registered PAF of 100 per cent and PLF of 85 per cent during the quarter
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Uptick in booking of residential units seen in Realty business
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Hyderabad Metro operations steadily improving with average ridership reaching approximately 150 k / day, from Q1 approximately 55 k / day
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Traffic registered growth of 7 per cent y-o-y of Road SPVs of IPDL