The Mumbai-based Larsen & Toubro (L&T) subsidiary’s net profit rose 1.5% from Rs 311.1 crore in March quarter. Helped by a 1.5% growth in North America and two key verticals of sustainability and tech, its revenue jumped 16.4% to Rs 2,866 crore in the April to June quarter. Sequentially, revenue dropped 3.9% from March quarter pulled down by an 16.4% dip in India region and continued slowdown in mobility and tech segments due to seasonal weakness.
“If you ask me, the way our industry is right now, we are probably the highest in the industry (in revenue growth). Our clients feel our H2 will be better than H1…We are reconfirming that we will see double-digit growth this year,” said Amit Chadha, CEO, LTTS. “Second, the sustainability segment has seen significant order inflow for us in the last three quarters. It is our most profitable segment,” he added.
