OREANDA-NEWS. July 31, 2012. Larsen&Toubro reported Gross Revenue of' 12078 crore for the quarter ended June 30, 2012, registering 26 % y-o-y growth, on the back of a healthy order book and good progress in execution of various jobs. International Sales constituted 17 % of the total revenue.

Order inflow at ' 19594 crore recorded an impressive y-o-y growth of 21%, despite the weak investment sentiment and prevailing global uncertainties. The major orders came from Infrastructure, Building & Factories and Power Transmission & Distribution sectors.

Order Book stood at ' 153095 crore as at June 30, 2012.

Recurring Profit after Tax (PAT) for the quarter stood at ' 890 crore recording an increase of 19% over the corresponding quarter of the previous year amidst volatile market conditions. After considering certain exceptional item of expenditure, the overall PAT for the quarter stood at ' 864 crore.

Engineering & Construction (E&C) Segment

The E&C Segment achieved Net Segment Revenue of ' 10441 crore for the quarter ended June 30, 2012 registering a y-o-y growth of 30%. Execution of most of the projects progressed well as scheduled. Higher level of activity in Power, Hydrocarbon and Minerals & Metals jobs, in particular, contributed significantly to the sales growth of the segment during the quarter.

Notwithstanding the subdued economic environment leading to deferment of capital expenditure and expansion decisions, the businesses of the E&C Segment garnered fresh orders of ' 17804 crore during the quarter, registering a smart y-o-y growth of 24%.

The Order Book of the Segment stood at ' 150656 crore as at June 30, 2012.

The Segment recorded Operating Margin of 10.9% reflecting the relative job mix during the quarter.