Larsen and Toubro posted its earnings for the quarter ended June after market close on Wednesday.

What Happened: The infrastructure giant’s net profit for the June quarter stood at ₹2,786 crore, up 12% from the ₹2,493 crore posted in the same quarter last year. The company’s revenue from operations stood at ₹55,120 crore, a 15% increase from the ₹47,882 crore posted in the corresponding quarter of the previous year.

The numbers were mostly in line with analysts’ estimates. Street estimates pegged revenue at around ₹53,000 crore, and net profit at ₹2,750 crore. The company attributed the jump in revenue to the robust execution witnessed in the projects & manufacturing portfolio on the back of a large order book.

See Also: IEX Sees Net Profit Jump 27% To ₹96 Cr In June Quarter

EBITDA for the quarter went up around 15% year-on-year to ₹5,615 crore compared to the ₹4,869 crore posted in the same quarter last year. EBITDA margin stood at 10.2%.

The consolidated order book of the group as of June 30, 2024, stands at ₹ 4.90 lakh crore, registering a growth of 3% over the March quarter and 19% Y-o-Y, with the share of international orders at 38%.

The infrastructure projects segment secured an order inflow of ₹40,053 crore, during the quarter that ended June 30. International orders constituted 49% of the total order inflow of the segment during the quarter. The segment order book stood at ₹3.24 lakh crore as of June 30, with the share of international orders at 28%.

Price Action: L&T’s share price was down 0.53% to trade at ₹3,519.45 on Wednesday

Read Next: Why Brokerages Are Bullish On HUL Even Though Shares Slump 3% After Q1 Print