InvestorQ : Why did the profits of L&T fall so sharply in the Sep-21 quarter?
rhea Babu made post

Why did the profits of L&T fall so sharply in the Sep-21 quarter?

Answer
image
Riya Dwivedi answered.
2 months ago
Follow

India’s largest player in the Erection, Procurement and Construction or EPC space, Larsen & Toubro, reported 67% fall in net profit at Rs.1,820 crore for Sep-21 quarter. However, this must be taken with a pinch of salt as it is more due to an extraordinary gain in the base quarter of September 2020. The other income of Rs.10,650- crore from sale of electricals division to Schneider in Sep-20 quarter resulted in this sharp fall in profits.

For the September 2021 quarter, revenues were up by 12% at Rs.34,773 crore with the biggest contributions coming specifically from the infrastructure, IT and hydrocarbons segments. Total EBITDA was up 20% yoy at Rs.3,995 crore in the quarter. The order book stood at a robust Rs.320,000 crore as of September 2021.

4 Views