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L&T records 8pct increase on y-o-y basis

| | May 31, 2015, at 05:42 am
Mumbai, May 30 (IBNS): Larsen & Toubro recorded Consolidated Gross Revenue of Rs 92762 crore for the year ended March 31, registering an increase of 8% on a y-o-y basis over the previous year.

The International revenue during the year at Rs. 25926 crore constituted 28% of the total revenue.

The Consolidated Gross Revenue for the quarter ended March 31, 2015 stood at Rs. 28275 crore registering a modest y-o-y growth of 3.8% as certain sectoral constraints
slowed down the pace of execution.

The Company was successful in garnering fresh orders worth Rs. 155367 crore at consolidated level during the year ended March 31, 2015, recording an impressive
y-o-y growth of 22%. The order inflow growth was driven by domestic orders across businesses.

The International orders during the year at Rs. 39116 crore constituted lower share at 25% of the order inflow, as the Company was selective in pursuing international opportunities. 55% of the total order inflow during the year was secured by the Infrastructure segment.

The order intake for the quarter ended March 31, 2015 was also higher at Rs 47582 crore recording a y-o-y growth of 39%. International order inflow during the quarter at Rs. 11364 crore constituted 24% of the order inflow for the quarter.

Consolidated Order Book of the group stood at Rs. 232649 crore as at March 31 higher by 28% on a y-o-y basis. International Order Book constituted 26% of the total
Order Book.

Consolidated Profit After Tax (PAT) for the year ended March 31, 2015 at Rs. 4765 crore was lower vis-à-vis PAT of Rs. 4902 crore for the previous year, mainly due to challenges faced during execution of international projects in the hydrocarbon sector.

Infrastructure and Services businesses of the group, however, recorded healthy increase in the PAT, thereby limiting y-o-y decline in overall PAT for the year at 2.8%.

Moreover, PAT of the previous year included a one-time write back of Rs. 664 crore on account of amortization charge of toll road projects. Neutralizing this high base effect, the PAT for the year 2014-15 shows an increase.

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