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Growth achieved in a challenging year. Performance for the year ended March 31, 2020

Mumbai, :

Larsen & Toubro recorded Consolidated Gross Revenue of ₹ 145,452 crore from continuing operations for the year ended March 31, 2020, achieving y-o-y growth of 8%. The International revenue during the year at ₹ 48,467 crore constituted 33% of the total revenue.

For the period January-March 2020, the Consolidated Gross revenue at ₹ 44,245 crore recorded a marginal y-o-y increase of 2%, despite challenges faced in a period characterised by economic volatility and a work-from-home / lockdown environment in the last fortnight of the financial year.

Consolidated Profit After Tax (PAT) from continuing operations for the year ended March 31, 2020 at ₹ 8,894 crore registered growth of 7% y-o-y. The overall PAT at ₹ 9,549 crore, including the PAT from discontinued operations for the year ended March 31, 2020 grew by 7% y-o-y.

For the quarter ended March 31, 2020, overall PAT including the PAT from discontinued operations at ₹ 3,197 crore registered decrease of 6% over the profits for similar period last year.

During the quarter the Company declared interim dividend ₹ 10 per equity share. The Board of Directors has recommended a final dividend of ₹ 8 per equity share for the approval of shareholders.

The Company bagged a spate of orders worth ₹ 186,356 crore at the group level during the year ended March 31, 2020, registering growth of 9% compared to the previous year even in the face of subdued business environment and economic challenges. International orders during the year at ₹ 60,094 crore increased to 32% of the total order inflow, on large value order wins in diverse sectors such as Power Transmission & Distribution, Hydrocarbon, Water Effluent Treatment and Metallurgical and Material Handling business.

The Order inflow for the quarter ended March 31, 2020 stood at ₹ 57,785 crore, registering a growth of 5% over the corresponding period of the previous year, with significant orders received in Infrastructure segment.

The Consolidated Order Book of the group stood at ₹ 303,857 crore as at March 31, 2020, registering a growth of 4% over March, 2019. International orders constitute 25% of the total Order Book.

Infrastructure Segment

Infrastructure Segment secured orders of ₹ 102,678 crore, during the year ended March 31, 2020, registering growth of 7% compared to previous year. Order wins were in varied areas of Health sector, Affordable Mass Housing, Power Transmission & Distribution business, renewable energy, airport, Industrial water systems, Water Supply and Distribution, Hydel project, Network management system, gold beneficiation plant and a Railway Freight facility package. International orders at ₹ 29,509 crore constituted 29% of the total order inflow of the segment during the year, with noteworthy order wins in Africa and Middle East.

During the quarter January-March 2020, the Segment recorded order inflow of ₹ 41,396 crore, registering a growth of 33% over the corresponding quarter of the previous year.

The Order Book of the Segment stood at ₹ 224,467 crore as at March 31, 2020, with the international order book constituting 21% of the total order book.

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