The Mumbai project comprises two ultra luxury highrise towers of up to 273 metre with 57 floors.
The Bengaluru project comprises 14 luxury towers on a design and build basis with 28 floors.The project in Chennai comprises 25 luxury towers on a design and build basis with 14 floors.
Apart from these, the building and factories vertical also secured several add-on orders for its ongoing projects as well, it said.
Earlier this week
the company’s power transmission and distribution vertical said it won ‘large’ orders in India and overseas. L&T classifies orders in the ₹2,500 crore to ₹5,000 crore range as ‘large’.The company reported a 14% increase in its December quarter net profit at ₹3,359 crore. The street had estimated the same to come in at ₹3,762 crore.
Its consolidated revenue increased 17% to ₹64,668 crore compared to the previous year. It was also higher than Street estimates of ₹63,750 crore.
Its international revenue of ₹32,764 crore comprised 51% of the total revenue.
Its EBITDA increased 8.6% to ₹6,255 crore compared to the previous year. However, it was lower than Street estimates of ₹6,636 crore. The company’s margin too contracted to 9.7% in the December quarter against the previous year’s 10.5%. It was lower than Street estimates of 10.4%.
The company said that it received its highest-ever quarterly orders of ₹1.16 lakh crore at the group level during the quarter, registering a substantial year-on-year growth of 53%
L&T shares were trading 0.25% higher at ₹3,220.95 apiece at 10.45 am on Wednesday, March 5. The stock has declined 12.17% this year, so far.
Also Read: Explained — Why Granules India shares fell on Wednesday
