Leading Multinational Conglomerate which is one of the leading players in domestic and overseas Markets, for providing EPC Solutions across various sectors in focus upon receiving a work order of upto Rs. 2,500 Crores for constructing a super-specialty hospital and many more.
With a market capitalization of Rs. 5,08,659 Crores, the shares of Larsen & Toubro Limited were trading at Rs. 3,700 per equity share, up 0.36 percent from its previous day’s close price of Rs. 3,686.75.
Larsen & Toubro Limited through L&T Construction’s Buildings & Factories (B&F) vertical has received a significant work order worth Rs. 1,000- 2,500 Crores from the Asian Institute of Gastroenterology, Hyderabad.
The work order involves the construction of a super-specialty hospital at Gachibowli over a total built-up area of 1.1 mn sq ft. The scope includes civil structures, finishes, facades, interiors, MEP services, and paramedical and external development jobs, including landscaping.
Further, it has secured another order from a prestigious client for the construction of office space in Mumbai with an approximate built-up area of 13 lakh sq ft. The scope includes civil and composite steel structures for 2B+G+6P+18 office floors. The project is scheduled to be completed in 20 months
Larsen & Toubro Limited is a multinational conglomerate operating in over 50 countries, it is primarily engaged in providing engineering, procurement, and construction (EPC) solutions across major sectors such as Hydrocarbon, Power, Infrastructure, Information Technology, Defence, and Financial Services in domestic and international markets.
It has a strong order book worth Rs. 4,758 Billion, of which International orders are 61.97 percent (Rs. 2949 Billion) and Domestic orders are 38.02 percent (Rs. 1,809 Billion).
The segmental order breakup is as follows Infrastructure projects 65 percent, Energy 25 percent, Hi-Tech manufacturing 7 percent, and others 3 percent. As per the geography, 62 percent are domestic projects, 35 percent in the Middle East, USA & Europe 0.3 percent, and 3 percent in the rest of the world.
As for the revenue breakdown, It generates 51 percent of its revenue from the Infrastructure segment, 29 percent from services, 13 percent from energy, 4 percent from Hi-Tech manufacturing, and 3 percent from other segments.
Its Revenue from Operations grew by 7.67 percent from Rs. 36,734 Crores in Q4FY23 to Rs. 39,553 Crores in Q4FY24, accompanied by profits of Rs. 3,002.85 Crores to Rs. 2,666.07 Crores.
Written by: Bharath K.S
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