L & T Shares: As of March 31, 2024, the group’s consolidated order book was valued at Rs 475,809 crore, of which 38% came from overseas, according to L&T. Compared to Rs 3,99,526 as of March 31, 2023, and Rs 357,595 crore as of March 31, 2022, the order book of Rs 4,75,809 crore shows a rise of 20%.

Overshooting the order inflow growth projection of 12–15 percent, the order growth for the full year FY24 was 31%.

Overview of L & T Q4 Results

Going ahead, L&T anticipates that both public and private capital investment will support India’s economic growth momentum in the medium term.

“India’s growth momentum is likely to continue in the medium term backed by the sustained strength in domestic demand, easing of inflationary pressures, focused fiscal spending by the government and a strong manufacturing revival through new age greenfield investments and brownfield expansion across sectors,” the business stated in a filing with the stock exchange.

But even with the anticipated robust growth momentum at home, L&T anticipates a decrease in order inflows from outside markets.

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Future Predictions

The November US presidential election is predicted to increase economic turbulence. The organization stated that worries about the Chinese real estate bubble could further stifle economic regeneration. In addition, the economies of the UK and Europe remain precarious.

According to L&T, the prolonged violence in the Red Sea has also affected the Middle East and West Asian countries. If the dispute persists, it could have a negative economic impact on the region moving forward.

Almost 70% of L&T’s foreign order inflow originates from West Asian or Middle Eastern nations; the company’s international order inflow decreased in Q4FY24. The company received Rs 25,217 crore in foreign orders in Q4FY24, compared to Rs 36,046 crore during the same period the previous year.

Further Read: L & T Q4 Results in detail