Robust growth on the global front bodes well for the conglomerate, as domestic infrastructure orders typically slow down around a general election, which is likely to be held in the June quarter.
L&T expects order inflows to grow more than 20% in FY24 against its previous guidance of 10-12%, said Chief Financial Officer (CFO) R. Shankar Raman.
The company also expects to beat its 15% revenue growth guidance for the year.
On Tuesday, L&T reported a 19% on-year growth in its consolidated revenues to ₹55,128 crore in the December quarter, while profit grew 15% on-year to 12,947 crore.
Led by its West Asia operations, L&T's international order inflows during the third fiscal quarter surged 230% over the previous year to 150,600 crore, while domestic order inflows almost halved to ₹25,400 crore. The company booked total new orders of just under 76,000 crore during the quarter, a 25% increase year-on-year.
"Domestic orders de-grew whereas international orders grew significantly to keep the overall order inflow in good shape," Raman said in a post-earnings media call.
Bu hikaye Mint Mumbai dergisinin January 31, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Mint Mumbai dergisinin January 31, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Reduction of energy costs in the telecom sector
With telecom infrastructure companies looking for newer ways to cut back on energy costs, battery restoration technology provides telecom infrastructure firms with a viable, economical and green solution for uninterrupted power supply
Skip cheese and sip wine in Switzerland
Beyond chocolates and cheese, there's another Swiss gem to discover — vineyards that have been passed down through the generations
Bankers aren't always frank about bank regulation
The 'world's banker' Jamie Dimon, CEO of JPMorgan Chase, speaks his mind even if it means taking swipes at US regulators.
Baku: A climate breakthrough looks depressingly bleak today
The success of fossil fuel-favouring politics threatens the planet
Global solidarity levies can play a vital role in our climate efforts
Solidarity taxes could support redistributive measures and optimize how we collectively tackle a great challenge of our times
Speak for the Earth: It's the least we should do
This year's Booker prize winner turns our gaze to the planet from orbit and reminds us of the climate disaster that looms. Can odes sung to Earth move the world to act in its defence?
Aim for an efficient carbon market right from the start
India's economy is projected to grow dramatically over the next few decades. In nominal terms, it may double in size by 2030. This is exciting, but it comes with a significant risk.
Why health insurers refuse to cover certain treatments
While 12 modern treatments are covered, many advanced procedures are yet to be included
Address economic distress with structural reforms and not doles
Cash transfers may offer short-term relief but raising worker incomes is the only lasting solution
FUNDING FOREIGN EDUCATION: SHOULD YOU SAVE OR BORROW?
Education financing needs vary, but early planning is key to building your desired corpus
