Larsen and Toubro Q4FY21 Results | Yadnya Investment Academy
Published on 19 May 2021|
Q4FY21 group results
Consolidated revenue increased by 9% to Rs. 48,088 crores in Q4FY21 when compared to Rs. 44245 crores in Q4FY20. The growth came mainly from the execution activities normalising on easing of COVID-19 restrictions before the second wave began.
International revenue of Rs. 15851 crores formed 33% of the total revenue.
EBITDA for Q4FY21 stood at Rs. 7417 crores as compared to Rs. 5781 crores, registering a growth of 28%. EBITDA margin for Q4FY21 stood at 13.3% while for Q4FY20 it was 11.6%.
Profit after tax for Q4FY21 stood at Rs. 3293 crore, a growth of 3% when compared to Q4FY20 PAT of Rs. 3197 crores.
Order Book Q4FY21
Order Inflow for Q4FY21 stood at Rs. 50,651 crores which was lower by 12% when compared to orders received in Q4FY20.
The company received significant orders from Factories, Hydel and Tunnel, Metros, Special Bridges, Rural Water, Nuclear Power, Renewable Energy, Hydrocarbon offshore & Minerals & Metal Sector.
FY21 group results
Consolidated revenue stood at Rs. 1,35,979 crores in FY21 as compared to Rs. 1,45,452 crores in FY20, a decline of 7%. The decline was mainly due to revenue lost in first two quarters of FY21.
COVID-19 norms such as social distancing, quarantine procedures, safety protocols and supply chain disruptions affected the project execution.
International revenues stood at Rs. 50,463 crore, contributing 33% to the total revenue.
EBITDA for FY21 stood at Rs. 19,053 crores as compared to Rs. 18,990 crores, registering a growth of 2%. EBITDA margin for FY21 stood at 11.5% while for Q4FY20 it was 11.2%.
Profit after tax in stood at Rs. 11,583 crores in FY21, a growth of 21% Rs. 9550 crores.
PAT mainly includes charge of Rs. 3,260 in exceptional items and also profit from discontinued operations Rs. 8,238 crore in which majority part came from gain on divestment.
Order Book FY21
The company received orders worth Rs. 1,75,497 crores at group level in FY21. The received orders declined 6% YOY as COVID disrupted businesses during H1FY21.
The international orders of Rs. 47,951 crores comprised 27% of total order inflow. International orders declined 27% due to subdued opportunities, especially in middle-east.
Consolidated order book stood at Rs. 3,27,354 crore on Mar 31, 2021. This was a robust growth of 8% over Mar 31, 2020 order book. International business constituted 21% of the total order book of Mar 31, 2021.
Board of Directors recommended final dividend of Rs. 18 per share for the period FY21. The company had also declared special dividend of Rs. 18 per share post divestment of Electrical & Automation business.
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