India’s leading infrastructure company, Larsen & Toubro Limited (L&T), has announced financial results for Q4 FY ’21. The highlights for the heavy engineering segment are:
- Net revenue stood at INR 10 bn in Q4 FY ’21 compared to INR 6.4 bn in Q4 FY ’20, up 57% y-o-y in both the domestic and international markets. The increase in revenue resulted from the infra giant bagging robust orders in the nuclear power business.
- Pick up in execution across multiple jobs led to strong revenue recovery.
- Q4 margin reflective of job mix and claims. EBITDA margin rose by 29% in Q4 FY ’21 against 18.5% in the year-ago period.
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