L&T Q4 results: Consolidated net profit up 3% by Rs 3,293 cr

17 May 2021 CW Team

The reported net profit was higher than the Bloomberg consensus estimation of Rs 3,042 crore, despite the 116% YoY surge in tax expenses to Rs 2,087 crore. In Q4, net sales at Rs 48,088 crore, increased by 8.7% YoY, were slightly lower than expectations of Rs 48,602 crore. Revenues increased by 35% simultaneously. L&T, in its report, stated that the revenue growth on a YoY basis was experiencing a return to pre-Covid levels of movement. The International revenues of Rs 15,851 crore comprised 33% of the total revenue.

The new orders obtained during Q4 were at Rs 50,651 crore, decreased by 12% YoY with the postponement of awards. Factories, metros, nuclear power, hydel and tunnel, rural water, special bridges, metal sector, hydrocarbon offshore and minerals and renewable energy, committed significantly to the orders during the span.

International orders at Rs 18,439 crore are at 36% of total order inflow, with the release of the biggest solar PV plant order and transmission line orders, stated the company.

Among business verticals, the infrastructure and IT and technology services provided the most in Q4 in terms of revenue at Rs 26,437 crore and Rs 6,845 crore, sequentially. Information Technology and Telecommunications Services (ITTS) posted a solid 33.5% increase in profit. All verticals posted a YoY increase in revenue, while most (excluding power and developmental projects) observed a profit rise.

The group’s EBITDA (barring other income) at Rs 6,390 crore, rose 25% from the same period last year. For the year ended March 31, 2021 (FY21), combined revenue from resuming operations at Rs 135,979 crore was decreased by 6% YoY due to loss because of lockdown associated disorders in the first half of FY21 along with new measures of social distancing, etc.

The company notified that supply chain interruptions affecting project implementation progress, though with decreasing severity, throughout the year have also destroyed the top-line at the group level. L&T received orders worth Rs 175,497 crore at the group level in FY21, decreased by 6% YoY in light of the second wave of Covid-19 in the first half.

Considering the migration issues amid the ongoing second wave, in March, the company did have a labour workforce of 245,000, but some have gone back to their states and have not returned. In a request to alleviate migration, L&T is making efforts to convince workers concerning their protection.

Image Source

Also read: ITD Cementation stocks soar after receiving Rs 950 cr order

Also read: Covid-19 second wave may not impact overall construction activities: ICRA

Engineering and construction major Larsen & Toubro (L&T), on Friday, announced a consolidated net profit of Rs 3,293 crore for Q4, increased by 3% year-on-year (YoY) on higher revenues and growth in other income. The reported net profit was higher than the Bloomberg consensus estimation of Rs 3,042 crore, despite the 116% YoY surge in tax expenses to Rs 2,087 crore. In Q4, net sales at Rs 48,088 crore, increased by 8.7% YoY, were slightly lower than expectations of Rs 48,602 crore. Revenues increased by 35% simultaneously. L&T, in its report, stated that the revenue growth on a YoY basis was experiencing a return to pre-Covid levels of movement. The International revenues of Rs 15,851 crore comprised 33% of the total revenue. The new orders obtained during Q4 were at Rs 50,651 crore, decreased by 12% YoY with the postponement of awards. Factories, metros, nuclear power, hydel and tunnel, rural water, special bridges, metal sector, hydrocarbon offshore and minerals and renewable energy, committed significantly to the orders during the span. International orders at Rs 18,439 crore are at 36% of total order inflow, with the release of the biggest solar PV plant order and transmission line orders, stated the company. Among business verticals, the infrastructure and IT and technology services provided the most in Q4 in terms of revenue at Rs 26,437 crore and Rs 6,845 crore, sequentially. Information Technology and Telecommunications Services (ITTS) posted a solid 33.5% increase in profit. All verticals posted a YoY increase in revenue, while most (excluding power and developmental projects) observed a profit rise. The group’s EBITDA (barring other income) at Rs 6,390 crore, rose 25% from the same period last year. For the year ended March 31, 2021 (FY21), combined revenue from resuming operations at Rs 135,979 crore was decreased by 6% YoY due to loss because of lockdown associated disorders in the first half of FY21 along with new measures of social distancing, etc. The company notified that supply chain interruptions affecting project implementation progress, though with decreasing severity, throughout the year have also destroyed the top-line at the group level. L&T received orders worth Rs 175,497 crore at the group level in FY21, decreased by 6% YoY in light of the second wave of Covid-19 in the first half. Considering the migration issues amid the ongoing second wave, in March, the company did have a labour workforce of 245,000, but some have gone back to their states and have not returned. In a request to alleviate migration, L&T is making efforts to convince workers concerning their protection. Image SourceAlso read: ITD Cementation stocks soar after receiving Rs 950 cr order Also read: Covid-19 second wave may not impact overall construction activities: ICRA

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Infrastructure Transport

07 Oct 2025

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Infrastructure Transport

07 Oct 2025

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..