L&T profit jumps 33% on strong order inflows

Revenue for the quarter rose 16% year-on-year to ₹78,750 crore.

Revenue for the quarter rose 16% year-on-year to ₹78,750 crore, "driven by accelerated progress in the various business in the projects, products & manufacturing portfolio", the company said.

L&T secured orders worth ₹1,47,665 crore during the quarter, marking a 28% y-o-y growth. It also secured several high-value orders, led by Hydrocarbon - Offshore & Onshore, CarbonLite Solutions, Public Spaces & Airports, and Power Transmission & Distribution businesses. International orders stood at ₹92,375 crore, accounting for 63% to the total order inflow.

"The company has delivered a strong quarter in an ever-changing geopolitical landscape. This performance reflects continued customer confidence and our ability to secure large and complex orders across sectors and geographies," said SN Subrahmanyan, chairman and managing director. "The highest-ever order book at ₹8.5 lakh crore provides multi-year revenue visibility."

On Tuesday, ahead of its earnings announcement, L&T's shares closed 0.19% lower on the BSE at ₹3,670.

"Inflation remains a concern, arising from food price volatility, elevated energy costs, and weather-related disruptions. Geopolitical imbalances, trade uncertainties and climate-related risks continue to affect commodity prices and supply chains," said L&T in a stock exchange filing. The company's infrastructure & utilities segment secured an order inflow of ₹35,509 crore.