L&T: Q1FY24 Result Update
21-07-2023

Particulars

Q1FY24

YoY Trend

Comment

Revenue

2,301

14.71%

Transportation segment grew the most (15.3%) whereas plant engineering was a laggard (1.3%)

EBITDA

453

+11%

 

EBITDA Margin

19.7%

-65 bps

Impacted by higher other expenses & low margin from SWC acquisition (Smart World & Comm.)

PAT

312.10

13.00%

 

Lower than expected growth due to slowdown in North America and Europe (~5% & 9%YoY growth respectively). Results were a miss in accordance with expectations.

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