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L&T Q2 revenue grows 21%, new orders dip on high base
Mint Mumbai
|October 31, 2024
The infrastructure major eyes domestic recovery in H2, even as its overseas projects thrive
Infrastructure and engineering major Larsen & Toubro displayed a robust financial performance in the quarter ended 30 September, but new order inflows tripped on a high base of last year and post-election sluggishness. The firm expects a revival in domestic order inflow in the latter half of FY25, with government tendering activity picking up.
Its focus on overseas expansion continued to pay dividends, with every second rupee it earned during the quarter coming from international business, which also helped L&T beat the blues in terms of order booking. More than three-fifths of new orders in its mainstay infrastructure projects came from overseas.
This story is from the October 31, 2024 edition of Mint Mumbai.
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