Larsen and Toubro Q1FY24 Results: Consolidated PAT Down to Rs. 2493 Cr

L&T wins ultra mega offshore project worth Rs 15,000 Cr in Middle East

Larsen and Toubro Q1 results show revenue fell from 59,076.06 crores to 49,027.93 crores, a -17.01% decrease in growth. EPS down from ₹28.35 to ₹17.73, down by -37.46%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Larsen and Toubro shared its Q1 results on Tuesday. They earned 49,027.93 crores in revenue this quarter, but that’s less than the 59,076.06 crores they made last quarter. Unfortunately, the company’s growth decreased by -17.01 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 2493 crores, down from 3986.78 crores in the previous quarter. Their quarter-to-quarter growth decreased by -37.47 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹17.73, which is a decrease of -37.46% from the ₹28.35 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 49,027.93 crores this year (2023), which is 34.15 percent higher than last year’s total revenue of 36,547.92 crores.

This year’s PAT (Profit After Tax) is 2493 crores, which is also 46.47% higher than last year’s PAT of 1702.07 crores.

The EPS (Earnings Per Share) for this year is ₹17.73, which is 46.53% more than the EPS of ₹12.10 earned last year.

Also Read: CEAT Q1FY24 Results: Consolidated PAT Rises to Rs. 144.61 Cr

Larsen and Toubro Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Larsen and Toubro:

Larsen and Toubro Ltd is involved in the manufacturing of engineering equipment, execution of large-scale engineering projects, and serves as the Indian representative for various overseas manufacturers of heavy machinery. The company’s product range comprises bulldozers, road rollers, dairy machinery, chemical and pharmaceutical plants, switchgears, food processing machinery, and feed milling plants.

Download the Full PDF of Larsen and Toubro Q1 Results: Click Here

For more of the Latest News, Click Here

Leave a Reply

Your email address will not be published. Required fields are marked *