Mint. In light of the general elections in 2024, the company undertook a similar approach during FY24, as it focused on achieving the maximum output during the first nine months. It had secured around 75% of its order inflow for FY24 during the first three quarters, Raman said.
In the fourth quarter of FY24, L&T experienced a dip of 5% in order inflows over the corresponding quarter last year ahead of the Lok Sabha polls, but for the entire 12 months of FY24, the company recorded a 31% growth in order inflows to cross ₹3 trillion. “In our five-year plan, we provided the guidance for the order intake threshold in FY26 to be around ₹3.5 trillion and we are already at the ₹3 trillion mark, so, we are two years ahead," he said. Consolidated order book stood at ₹4.8 trillion as of 31 March, 20% more than a year ago.
More than a third, or 38%, of these orders were from international markets. Profit for the full year surged 25% to ₹13,059 crore, while revenue grew 21% to ₹2.2 trillion. Despite having a positive outlook on the opportunities provided by the international markets, Raman says that the company remains cautious about the current year.
The company’s international order inflow dipped from ₹36,046 crore in Q4FY23 to ₹25,217 crore in Q4FY24. However, “April to March International has grown by 89%," he noted. Citing Saudi Arabia and its plans to reallocate capital from oil and gas extraction to solar, Raman said that the company sees this as an opportunity given that they are also in the solar space.
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