L&T's net profit down 4% at Rs 3430.10 cr for Q4FY20

New Delhi: Infra player Larsen & Toubro Ltd’s (L&T) consolidated net profit went down by 4 percent at Rs 3430.10 crore for the fourth quarter of 2019-20 fiscal as compared to a net profit of Rs 3586.48 crore in the same quarter of the previous fiscal. 

The consolidated revenues from operation of the company went up by around 3 percent to Rs 44,245 crore for the fourth quarter of 2019-20 fiscal as compared to Rs 43,303  crore in the same quarter of the previous fiscal, the company said in a regulatory filing. 

For the whole fiscal 2019-20, the company’s consolidated net profit jumped about 6 percent to Rs 10,239 crore as compared to a net profit of Rs 9,647 crore in the previous financial year.

For the whole fiscal 2019-20, the company’s consolidated revenue from operations went up by around 7 percent to Rs 1,45,252 crore as compared to Rs 1,35,220 crore in the previous financial year.

In the quarter ended 31 March 2020, L&T declared interim dividend Rs 10 per equity share. The company has recommended a final dividend of Rs 8 per equity share, subject to approval of the shareholders.

At the Group level, L&T bagged orders worth Rs 1,86,356 crore for the fiscal ended 31 March 2020 which is about 9 percent higher as against the previous fiscal.

The international orders bagged by the company in the fiscal ended 31 March 2020 stood at Rs 60,094 crore, a jump of around 32 percent of the total order flow. Most of the large orders were in power, hydrocarbon, water effluent and metallurgical segments, the company said in a statement.  

 For the quarter ended 31 March 2020, the order inflow stood at Rs 57,785 crore which was about five percent higher as against the corresponding period of the previous fiscal. The consolidated order book of the group stood at Rs 3,03,857 crore as on 31 March 2020 which is around four percent higher as against 31 March 2019. The international orders accounted for about 25 percent of the of the total order book.

The infrastructure segment of the company bagged orders worth Rs 1,02,678 crore for the fiscal ended March 2020 which was about seven percent higher as against the previous fiscal. International orders at about Rs 29,509 crore accounted for 29 percent of the total order inflow of the infra segment in the fiscal.

The power segment of the company bagged orders worth Rs 12,048 crore for the fiscal ended March 2020. International orders accounted for about 2 percent of the total order inflow of the segment. The segment had registered order inflow of Rs 218 crore for the quarter ended 31 March 2020. The order book of the power segment jumped to Rs 15,849 crore as on 31 March 2020. 

The heavy engineering segment of the company bagged orders worth Rs 2,361 crore for the fiscal ended March 2020 which was about 42 percent lower than the orders recevied in the previous fiscal. International orders accounted for about 57 percent of the overall order inflow of the segment. For the quarter ended 31 March 2002, segment registered order inflow of Rs 996 crore, registering a growth of about 26 percent as compared to the same period of the previous fiscal.

L&T Shipbuilding Ltd, a 100% subsidiary under the Defence Engineering segment, has now been merged with parent L&T Ltd.

The defense engineering segment bagged orders worth Rs 2,233 crore for the fiscal ended March 2020 which was 26 percent lower as compared to the previous fiscal.

The hydrocarbon segment of the company bagged orders worth Rs 20,964 crore for the fiscal ended March 2020 which was 25 percent lower as compared to the previous year.

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