LARSEN & TOUBRO LIMITED
Larsen & Toubro Limited is an Indian multinational technology, engineering, construction, manufacturing and financial services conglomerate headquartered in Mumbai, Maharashtra, India. It was founded in the year 1946 by two Danish engineers and became a public company in the year 1950 with a paid-up capital of Rs. 2 million. The company is nearly in every sphere of business it operates in. Their offerings/businesses includes: Construction, Hydrocarbon Engineering, Power, Metallurgical & Material handling, Heavy engineering, Defence , Defence Shipbuilding, Construction & mining machinery, L&T valves, LTI, L&T Technology services, L&T IDPL, L&T Metro Rail, L&T Financial Services, L&T realty, L&T – NxT, Mindtree.
The company has spent over $71 million for their acquisitions. The infotech division of the company has invested in multiple sectors such as Big Data Analytics, Cloud infrastructure, IT operations and more. Their latest acquisition is Powerupcloud (Oct 2019), IyMbyc (Jul 2019), Syncordis (Nov 2017), and NIELSEN + PARTNER (Fen 2019). In December 1950, the company became a Public Company with a paid-up capital of Rs.2 million and the shares are currently traded on: NSE, BSE, BSE SENSEX Constituent, NSE NIFTY 50 Constituent.
The shareholding pattern of L&T is distributed amongst: FIIs (22.02%), DIIs (33.19%), Public (44.29%), and Government (0.50%).
As India faces the storm of Covid-19’s 2nd wave, the company has doubled on employee support initiative across their campuses, offices and project sites which ensures that appropriate protocol at sites are taken.
For the Quarter ending 03-21, the company’s revenue from operations has risen by 9% YoY and stands at Rs.49,087.90 Cr. against Rs.44,905.76 same time last year. The PAT has also shown an increase of 24.7% and stands at Rs.3,281.17 Cr against Rs.2,629.43 same time last year and the EPS value has shown a slight rise of 2.9% and stands at Rs.23.45Cr. against Rs.22.78Cr. same time last year. They have generated an increase in cash flow from operations and decrease in cash flow from finance which proves to be a good sign for the company but has shown a decrease in cash flow from investing activities which is a negative sign for company’s growth.
Commenting on the company’s results, they have shown a 3% increase in YoY net profit by 3%. The board has announced a dividend of Rs.18 per share. The Company’s performance was strong, reflecting the impact of Covid-19 and lockdowns. The infrastructure giant is expected to report a higher percent of revenues in the coming quarters.
