Larsen and Toubro: Engineering sector giant Larsen & Toubro (L&T) created history on Wednesday. She has joined the elite club of the country's leading private sector companies. The company's revenue has increased by 21 percent to Rs 2.21 lakh crore in FY 24. With this, it has become the sixth private company in the non-financial sector, whose revenue has crossed the Rs 2 lakh crore mark. Earlier, only Reliance Industries, Tata Motors, Tata Steel, Tata Consultancy Services and Hindalco Industries could reach this milestone.
The share of international business is about 43 percent
L&T has crossed this figure of Rs 2 lakh crore revenue due to the large order book of project and manufacturing business. The share of international business in the total revenue of the company has been about 43 percent (Rs 95,086 crore). The net profit of the company has also increased by 25 percent to Rs 13,059 crore. In the last financial year, the company has received total orders worth about Rs 3.02 lakh crore. The revenue of Reliance Industries will be around Rs 9 lakh crore in FY 2024, that of Tata Motors will be Rs 4.2 lakh crore and that of Tata Steel will be Rs 2.3 lakh crore. L&T shares have gone up by about 47 percent in a year.
L&T will continue to increase the number of employees
Company's CFO R Shankar Raman has given good news to the youth in this period of layoffs. He said that currently 38 percent of the orders we have are international. Therefore the company will continue to increase the number of its employees. The company has increased its workforce by about 10 percent (8000 employees) last year. The company will continue to provide jobs till the financial year 2025-26. He said that the company has prepared a plan for the next 5 years. Describing the proposed rules of RBI as good news, he said that there is no loss to the responsible companies due to this.
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