L&T Q1FY23 Result : revenue up by 5.21% to ₹4,666 Cr, PAT fall 0.55% to ₹633.5 Cr this quarter QOQ

The company has posted a consolidated Net Profit of ₹633.5 crore in the financial year ended on June 30, 2022 as against ₹496.3 crore for the same quarter ended on last year June 30, 2021. The PAT surges up by 27.64%

logo credit _ L&T Construction / wikimedia commons
article continues after this advertisement

Larsen & Toubro Ltd, commonly known as L&T, is an Indian multinational conglomerate company, with business interests in engineering, construction, manufacturing, technology and financial services, headquartered in Mumbai. The company is counted among world’s top five construction companies.

The company has posted its Q1FY23 financial results today, the details are as below :

(I)Unaudited Consolidated Financial Results for Quarter Ended (QOQ comparison):

The company has reported, a consolidated Total Income of ₹4,666.9 crore in the quarter ended on June 30, 2022 as against ₹4,435.6 crore in the last quarter ended on Mar 31, 2022, increased by 5.21%.

The company has posted a consolidated Net Profit of ₹633.5 crore in the quarter ended on March 31, 2022 as against ₹637.0 crore in the previous quarter ended on June 30, 2022. The PAT surges down by 0.55%.

The status of the EPS of the company stood at ₹36.08 as on March 31, 2022 compared to the previous quarter ended on June, 2022 which was ₹36.27, down by 0.52%.

₹*June 30, 2022 (Q1FY23) Mar 31, 2022 (Q4FY22)
Total Income4,666.94,435.6
Total Expenses3815.93576.0
PBT /(Loss)851.0859
Total Tax /(credit)216.6222.1
PAT /(Loss) [to the owners]633.5637.0
*figures are in Crores

(I)Unaudited Consolidated Financial Results for Quarter Ended (YoY comparison):

The company has reported, a consolidated Total Income of ₹4,666.9 crore in the financial year ended on June 30, 2022 as against ₹3,584.1 crore for the same quarter ended on last year June 30, 2021 that increased by 30.21%.

The company has posted a consolidated Net Profit of ₹633.5 crore in the financial year ended on June 30, 2022 as against ₹496.3 crore for the same quarter ended on last year June 30, 2021. The PAT surges up by 27.64%.

The status of the EPS of the company stood at ₹36.08 as on June 30, 2022 compared to the quarter ended on last year June 30, 2021 which was ₹28.27, up by 27.62%.

₹*June 30, 2022 (Q1FY23)June 30, 2021(Q1FY22)
Total Income4,666.93,584.1
Total Expenses3815.92912.0
PBT /(Loss)851.0672.1
Total Tax /(credit)216.6175.3
PAT /(Loss) [to the owners]633.5496.3
*figures are in Crores

(III) Key Highlights about the Performance :

Market Times/company result q1fy23

In Indian Rupees:
▪ Revenue at INR 45,228 million; growth at 5.1% QoQ and 30.6% YoY
▪ Net Income at INR 6,344 million; decrease of 0.5% QoQ and growth of 27.7% YoY

  • LTI recognized in 2022 Gartner® Magic Quadrant™ for Oracle Cloud Application Services, Worldwide
  • LTI recognized in The Forrester Now Tech: Cloud Migration and Managed Service Partners In Asia Pacific, Q2 2022
  • LTI recognized in 2022 Gartner® Competitive Landscape: IT Service Providers to the Global Insurance Industry
  • Fosfor by LTI Positioned as a Major Contender in Everest Group’s Intelligent Document Processing (IDP) – Technology Provider Landscape with Products PEAK Matrix® Assessment 2022
l&t cash flow – market times/ ₹ in million

The stock of L&T last hit in BSE,

  • Intraday High of ₹ 1666.05
  • Intraday low of ₹ 1633.75