L&T FY24 results, Consolidated PAT at Rs 13,059 crore for FY24, 25% y-o-y

Larsen and Toubro achieved Consolidated Revenues of Rs 221,113 crore for the year ended March 31, 2024, recording a healthy y-o-y growth of 21%, facilitated by a strong execution of a large order book in the Projects & Manufacturing businesses.

International revenues during the year at ? 95,086 crore constituted 43% of the total revenues largely led by a ramp-up in execution of multiple international projects.

For the quarter ended March 31, 2024, the Consolidated Revenues at Rs 67,079 crore recorded a y-o-y growth of 15%. The share of international revenues during the quarter was 45%.

Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoY

The Board of Directors has recommended a final dividend of Rs 28 per equity share, for the approval of shareholders. For the quarter ended March 31, 2024, the PAT at Rs 4,396 crore, registered a growth of 10% y-o-y basis.

The Company for the year ended March 31, 2024, posted a Consolidated Profit After Tax (PAT) of Rs 13,059 crore, registering a robust growth of 25% compared to the previous year. The PAT includes an exceptional gain (net of tax) of Rs 94 crore, attributed to the divestment of a stake in L&T IDPL (L&T Infrastructure Development Projects Limited).

 

Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail deposits