Categories AlphaGraphs, Earnings, Industrials, Trending Stocks
Larsen & Toubro Ltd. reports 45% growth in Profits; 35% fall TCI
Revenue for Q1 FY23 has increased by 22% YoY to ₹35,853 crores. Profits rose by 45% YoY to ₹1,702 crores. All segments saw a rise in revenue especially the primary revenue sources of Infrastructure Projects and IT services that grew 36% and 30% YoY respectively for Q1 FY 2023. Total Comprehensive Income fell by 35% YoY to ₹877 crores mainly due to a significant negative value of Other Comprehensive Income (Net of Tax).
Debt to equity fell to 1.24 and DSCR fell to 0.67 suggesting that company has a better handle on its debt struture. In this quarter’s results, the management suggested that it has a postive outlook for Middle East, a mixed outlook for India and a negative outlook towards global factors.
To further read the previous quarter’s results, check out this link.
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