International orders at Rs 18,439 crore is at 36 per cent of total order inflow, with receipt of the biggest Solar PV plant order and transmission line orders, said the company.
Among business verticals, the infrastructure and IT & technology services contributed the most in Q4 in terms of revenue at Rs 26,437 crore and Rs 6,845 crore, respectively. ITTS posted a strong 33.5 per cent jump in profit. All verticals posted YoY increase in revenue, while most (barring power and developmental projects) saw profits grow.
The group’s Ebitda (excluding other income) at Rs 6,390 crore, up 25 per cent from the same period last year.
For the year ended March 31, 2021 (FY21), consolidated revenue from continuing operations at Rs 1.35,979 crore was down 6.5 per cent YoY, due to loss on account of lockdown related disruptions in the first half of FY21 along with new norms of social distancing, etc. Supply chain disruptions impacting project execution progress, though with declining severity, throughout the year also hurt the top line at group level, informed the company. L&T
received orders worth Rs 175,497 crore at the group level in FY21, down 6 per cent YoY in the face of Covid-19 disrupted business environment in the first half.
Going ahead, the management remains cautiously optimistic and is of the view that revenue growth environment would improve upto low-to-mid teens, and margins could remain stable at FY21 levels. It had given no guidance of any kind in the preceding quarter.
“Assuming that second wave of Covid-19 will be done in the next couple of months and not taken into consideration the third-wave to avoid any speculation, we see a growth environment for FY22 over FY21,” said R Shankar Raman, chief financial officer at L&T
in an earnings call.
With regard to migration issues amid ongoing second wave, in March the company did have a labour force of 245,000 but some have gone back to their states and have not returned. In a bid to mitigate migration, L&T is making efforts to convince workers regarding their safety.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.