Larsen & Toubro achieved Consolidated Revenues of Rs 39,563 crore for the quarter ended December 31, 2021, registering a y-o-y growth of 11%. The increase reflects an improving project execution momentum and robust growth in the IT&TS portfolio. International sales during the quarter at Rs 14,541 crore constituted 37% of the total revenue.

For the nine month ended December 31, 2021, the Consolidated Revenues at Rs 103,671 crore recorded a y-o-y growth of 18% with international revenues during the nine month period at Rs 38,045 crore constituting 37% of the total.

The consolidated Net Profit After Tax for the quarter ended December 31, 2021 at Rs 2,055 crore, registered a decline of 17% over the corresponding quarter of the previous year, which had an instance of a sale of commercial property in Realty business and gain on divestment from discontinued operations of the Electrical & Automation business.

For the nine month ended December 31, 2021, consolidated Net Profit After Tax at Rs 5,049 crore declined by 39% y-o-y since the corresponding period of the previous year included the one-time gain on divestment of the Electrical & Automation business. Adjusted for exceptional items and profit from discontinued operations, the Consolidated Net Profit After Tax for nine month period ending December 31, 2021 is Rs 4,952 crore vis-à-vis Rs 3,548 crore for corresponding previous year, registering a growth of 40%.

The company bagged order worth Rs 50,359 crore during the quarter ended December 31, 2021, registering decline of 31% over the corresponding period of the previous year.