Larsen & Toubro Ltd (L&T) reported an impressive year-on-year growth of 65 per cent in its new order inflows during the first half (H1: April to September) of FY24.
According to an investor presentation filed on stock exchanges, the new order inflow of Larsen & Toubro in H1 of FY24 was Rs.1,547 billion, up 65 per cent from Rs.937 billion in H1 of FY23.
In H1 of FY24, L&T’s total order inflow of Rs.1,547 billion was dominated by the “infrastructure” segment with a share of 44 per cent. This was followed by “energy” with 31 per cent.
L&T’s overall business can be categorized into seven broad segments – infrastructure projects, energy projects, hi-tech manufacturing, information technology & technology services, financial services, developmental projects and “others”. Power T&D falls under the “infrastructure projects” line of business.
Of the total order inflow in H1 of FY24, around 44 came from the domestic market, followed by the Middle East region with a significant share of 41 per cent.
Also read: L&T Wins Domestic And International Orders In Power T&D Space
Order Book
As of September 30, 2023, L&T’s outstanding order book stood at Rs.4,507 billion out of which international orders accounted for 35 per cent.
The “infrastructure” segment dominated the order book with a share of 67 per cent, followed by the “energy” segment with 24 per cent.
The outstanding order book of September 30, 2023 had 65 per cent share coming from the domestic market.
L&T has estimated an order pipeline of around Rs.8,800 billion in the near term. The prospect pipeline is reflective of capex tailwinds across India and Gulf Cooperation Council (GCC) countries, the presentation said.
