The engineering and construction major reported its earnings for the quarter ended September on Wednesday evening.

What Happened: L&T's net profit for the quarter under review stood at ₹3,395 crore, a 5.4% jump from the ₹3,226 crore posted in the same quarter last year.

The company's revenue from operations went up 20.6% year-on-year, to ₹61,555 crore, compared to the ₹51,024 crore posted in the corresponding quarter of the previous year.

The numbers were ahead of street estimates. Analysts pegged the conglomerate’s revenue to come in at ₹56,930 crore, with a net profit of ₹3,205.

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As of September 30, 2024, the group’s consolidated order book stands at ₹5.10 lakh crore, marking a 7% increase compared to March 2024. International orders constitute 40% of the total order book. During the quarter ended September, the group received orders worth ₹80,045 crore, reflecting a sequential growth of 13% and a year-over-year decline of 10%.

Earlier in the day, the company’s PT&D vertical announced winning new orders in the Middle East and Africa for expanding and strengthening the electricity grids at high-voltage levels. The orders are worth between ₹5,000 to ₹10,000 crore.

Price Action: L&T’s share price closed 0.79% higher at ₹3,407.45 on Wednesday.

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