L&T has released it performance report for the quarter ended September 30, 2021. The report declares consolidated revenue growth of 12% at Rs. 34,773 crore. The company has attributed the growth to the healthy execution of projects and industry leading growth in the IT&TS portfolio.
The Consolidated Net Profit After Tax (excluding exceptional items and discontinued operations) for the quarter ended Sep. 30, 2021 stood at Rs. 1,723 crore .with substantial y-o-y growth of 56%.
Other key take-aways of the report are:
• L&T Order Book stands at near record levels of Rs. 330,541 crore.
• L&T top orders includes in various segments such as Oil & Gas, Metros, Rural Water Supply, Minerals and Metal, Public Space and Power Transmission and Distribution during the quarter.
• Singoli – Bhatwari Hydro project sold to ReNew Power for Rs. 1007 crore; a gain of Rs. 144 crore recognized.
• Transfer of Nxt Digital Business to Mindtree completed.
• Technology Services: Board recommended special dividend of Rs.10/share to commemorate 5 years of listing.
• Fully indigenously manufactured L&T built Full Span Launching Equipment comprising first-of-its-kind Straddle Carriers and Girder Transporters for transporting & erecting full span girders was flagged off from Kanchipuram to be deployed for C4 package.
• Despite Coal shortage, Nabha power registered PAF of 100% and PLF of 85% during the quarter.
• Uptick in booking of residential units seen in Realty business.
• Hyderabad Metro operations steadily improving with average ridership reaching approx. 150 k / day, from Q1 approx. 55 k / day.
• Traffic registered growth of 7% y-o-y of Road SPVs of IPDL.