Larsen and Toubro achieved consolidated revenues of Rs 29,335 crore for the quarter ended 30 June 2021, registering a y-o-y growth of 38 per cent, attributed to healthy  execution of projects despite the second wave of Covid-19 affecting operations at  many locations. Project progress was impacted with regional lockdowns, shortage of  industrial oxygen and supply chain disruptions. The International revenues during  the quarter at Rs 11,186 crore constituted 38 per cent of the total revenue.

The company posted consolidated Profit After Tax (PAT) of Rs 1,174 crore registering substantial y-o-y growth of 287 per cent over the corresponding quarter of the previous year.

The company bagged orders worth Rs 26,557 crore at the group level during the  quarter ended 30 June 2021 registering a growth of 13 per cent over corresponding period  of the previous year. During the quarter, orders were received in various segments  like metros, rural water supply, minerals and metal, residential, power transmission  and distribution, power and hydrocarbon offshore sectors. International orders at Rs 9,045 crore during the quarter comprised 34 per cent of the total order inflow.

The consolidated order book of the group was at Rs 323,721 crore on 30 June 2021,  with international orders at 20 per cent of the total order book.

Infrastructure Segment

Infrastructure segment secured orders of Rs 11,023 crore during the quarter ended  30 June 2021, registering a marginal decline over the corresponding quarter of the  previous year, mainly due to pandemic induced delay in tendering activities and  finalisation of orders. International orders at Rs 1,058 crore constituted 10 per cent of the  total order inflow of the segment during the quarter.

The segment order book was at Rs 244,621 crore on 30 June 2021, with the share of  international orders in the order book at 20 per cent.

The segment recorded customer revenues of Rs 10,409 crore for the quarter ended  30 June 2021, registering y-o-y growth of 63 per cent with better execution momentum. International revenues constituted 23 per cent of the total customer revenues of the  segment during the quarter.

The EBITDA margin of the segment during the quarter ended 30 June 2021 was at  7.1 per cent vis-à-vis 6.3 per cent recorded in the corresponding quarter of the previous year. Better job mix and higher recovery of overheads contributed to margin improvement despite the commodity price inflation affecting the input costs.

Heavy Engineering Segment

The Heavy Engineering segment recorded an order inflow of Rs 567 crore during the  quarter ended June 30, 2021, recording a y-o-y growth of 19 per cent with a spurt of orders in refinery and oil and gas segments. International orders constituted 52 per cent of the total  order inflow of the segment during the quarter.

The order book of the segment was at Rs 4,373 crore on 30 June 2021, with export  orders constituting 32 per cent of the total order book.

The segment recorded customer revenues of Rs 548 crore for the quarter ended  30 June 2021, recording a y-o-y growth of 45 per cent across all businesses on improved  project execution. International sales constituted 51 per cent of the total customer  revenues of the segment during the quarter.

The EBITDA margin of the segment at 17.9 per cent for the quarter ended 30 June 2021  registered marginal growth over 17.5 per cent of the corresponding quarter of the previous  year.