34,885 crore at the group level during the quarter ended December 2016 amid subdued business environment.
The international orders at Rs 11,865 crore constituted 34 per cent of the total order inflow, which on a cumulative basis, stood at Rs 95,706 crore for the nine months to December.
Major orders were secured by infrastructure and hydrocarbon Segments.
“Consolidated orderbook of the group stood healthy at Rs 2,58,585 crore as on December 31, 2016, higher by 1.4 per cent on a y-o-y basis. International orderbook constituted 29 per cent of the total orderbook,” it said.
L&T said its infrastructure segment achieved customer revenue of Rs 12,467 crore for the December quarter, a y-o-y growth of 6 per cent.
“Delays in obtaining clearances and work slowdown due to abrupt liquidity constraints of customers aggravated by demonetisation impacted progress of jobs under execution, especially in buildings and factories business,” it said.
It said transportation infrastructure and water and effluent treatment businesses contributed to the revenue growth during the quarter.
International revenue constituted 37 per cent of the total customer revenue of the segment.
During October-December 2016, the infrastructure segment won fresh orders of Rs 21,516 crore despite sluggish investment climate, it said.
Some of the anticipated orders did not materialise due to delay in bid process, it added.
L&T’s IT and technology services (IT&TS) achieved customer revenue of Rs 2,454 crore during the quarter, registering growth of 9 per cent yoy.
Likewise, the financial services logged customer revenue of Rs 2,108 crore during the quarter, y-o-y growth of 11 per cent, driven by jump in loan assets and disbursements mainly in microfinance, housing and wholesale finance, it said.
Larsen & Toubro is an Indian MNC that is into technology, engineering, construction, manufacturing and financial services with over USD 16 billion in revenue. It operates in over 30 countries.
(This article has not been edited by DNA’s editorial team and is auto-generated from an agency feed.)
Source: dnaindia.com