Engineering and infrastructure major L&T has reported a strong set of numbers on the back of orders in infrastructure, hydrocarbon and others but said that with a new government on the anvil, it expects a modest start to the first half of 2019-20.
Inflating order book
L&T’s Q4 profit came in at ₹3,418 crore, a 7.9-per cent increase compared to ₹3,167 crore it posted in the same period last year. For the whole year, profits went up 22 per cent from ₹8,167 crore in the 2018 fiscal to ₹9,986 crore in the 2019 fiscal.
The company bagged new orders worth ₹1.76 lakh crore in the 2019 fiscal — a 16 per cent increase from last year. The consolidated order book for the group is ₹2.9 lakh crore, with international orders contributing to 22 per cent of the total order book.
