asia788dewata88Asia788 Maxwinasia788asia788DEWATA88dewata88asia788dewata88dewata88dewata88dewata88dewata88dewata88dewata88dewata88dewata88dewata88dewata88dewata88dewata88dewata88asia788virgoBotuna4DBotuna4Dasia788asia788kita99kita99kita99Botuna4Dkita99kita99VIRGOBET88LOTRE4DASIA788kita99kita99kita99kita99kita99kita99wukong138wukong138KAPALSLOTkapalslotVirgobet88pohon4dpohon4dpohon4dAsia788Asia788Asia788kikislotkikislotkikislotSLOTUP88slotup88slotup88dewata88bigo4dbigo4dbigo4dbukit4dbukit4dbukit4dbukit4dvirgobet88maniaslotmaniaslotbigslot288bigslot288danaslot77danaslot77virgobet88sloter88sloter88slotku88slotku88jayabolajayabolajayabolajayabolabukit4dj99slotj99slotslot200slot200kita99gacorboss88gacorboss88gacorboss88Asia788jpslot138jpslot138jinslotrtslotsbungaslotjinslotrtslotsbungaslotransslot88ransslot88dewata88winslotwinslotvegasslot77vegasslot77savayaslotsavayaslotklikwin88klikwin88Asia788Asia788Asia788Asia788Asia788asia788asia788slotwin303gegeslotmacauslotdewata88spaceman asia788gampang panen jpdewata88https://solo.to/dewata88-idhttps://linktr.ee/dewata88idcheat rtp slotpola hoki pragmaticslotjamuslotDEWATA88asia788 slothttps://onics.edu.manufakturawboleslawcu.com/passwordhttps://situs-menang.topperjewelers.com/passwordDEWATA88dewata88dewata88dewata88dewata88dewata88 manylinkkomunitas slot gacorslot mantul kita99dewata88 anti kalahslot maxwin dewata88asia788virgobet88virgobet88asia788asia788asia788asia788asia788asia788asia788asia788DEWATA88 Slot Gacor Juara 2023asia788asia788
L&T consol Q3 PAT down 17% YoY at Rs 2,055 cr on input cost spike | WhatsNews4Today

L&T consol Q3 PAT down 17% YoY at Rs 2,055 cr on input cost spike

[ad_1]


(L&T) reported a consolidated net profit of Rs 2,055 crore in the December quarter, down 17 per cent from the same period last year as the high cost of construction material ate into the bottomline even as net sales were up on a year-on-year basis.


The company’s topline in the period under review stood at Rs 39,563 crore, up 11 per cent from corresponding period last year with the infrastructure segment contributing the highest followed by IT & Technology Services and hydrocarbon business.





The company witnessed recurring profit growth for nine months’ period ended Dec 31, 2021 by 40 percent on a year-on-year basis.


“The increase in revenue reflects an improving project execution momentum and robust growth in the IT & Technology Services portfolio,” said L&T in its release today.


International sales during the quarter at Rs 14,541 crore constituted 37 percent of the total revenue, it said.


As per Bloomberg estimates, the company’s topline was expected to be at Rs 39,562 crore in the quarter gone by and the bottomline was seen at Rs 2,054 crore.


The corresponding quarter of the previous year had an instance of a sale of commercial property in realty business and gain on divestment from discontinued operations of the Electrical & Automation business, explained the company.


The company bagged orders worth Rs 50,359 crore during the quarter ended December 31, 2021, registering decline of 31 percent over the corresponding period of the previous year, since the previous year had the benefit of the company securing the biggest ever EPC contract for Mumbai Ahmedabad High Speed Rail in the Infrastructure segment.

See also  6 different types of gemstones and their importance


As on Dec 31, 2021, L&T order book stands at record levels of Rs 340,365 crore providing multi-year revenue visibility.


“Robust order announcements and tendering activity continued at a brisk pace in the current year. With improved government finances, expect strong activity levels in Q4,” said R Shankar Raman, chief financial officer at L&T said in the earnings conference call today.


In terms of earnings before interest, taxes, depreciation and amortisation (EBITDA) margin, the IT & Technology Services segment contributed the highest at 23.8 per cent, followed by defence engineering at 23.6 percent and heavy engineering at 15.6 percent.


Going ahead, the management is of the view that the risen commodity prices could taper as the current uptrend is not sustainable. However, the fall in prices will not be sharp and immediate, said the management.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

See also  The Advantages of Blackout Curtain Fabric: A Comprehensive Guide

Support quality journalism and subscribe to Business Standard.

Digital Editor



[ad_2]

Source link

Aslantia Saga