L&T registers PAT of Rs 11.74 billion for Q1FY2021-22

Larsen and Toubro (L&T) has recorded consolidated profit after tax (PAT) of Rs 11.74 billion and revenuesof Rs 293.35 billion for quarter ended June 2021.

The company’s net profit has increased by 287 per cent over the corresponding quarter last year. The growth can be attributed to healthy execution of projects despite the second wave of Covid-19 affecting operations at many locations.The international revenues during the quarter ending June 2021 constituted 38 per cent of the total revenueat Rs 111.86 billion. The consolidated order book of the group was at Rs 3,237.21 billionon June 30, 2021, with international orders at 20 per cent of the total order book. Additionally, the company bagged orders worth Rs 265.57 billion at the group level during the quarter ended June 30, 2021 registering a growth of 13 per cent over corresponding period of the previous year.

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