Since you have compared from 1st April 2020 the numbers will not look good. 2020 and 2021 were pandemic years and infra companies like L&T were severely impacted due to lockdowns and migration of workers to their native states. L&T has been doing lot of good things of late. Some of them are selling stake in their non-core, loss making assets, focusing on improving RoE of their business etc. Their IT business is also contributing handsomely to overall profit of the company now. With international orders opening up in Oil and gas sector, pipeline is looking very robust. Other than the last week news of almost $4Bn order from Saudi, L&T is also looking to secure big orders from Africa.
https://www.oilandgasmiddleeast.com/news/algeria-begins-work-on-project-to-develop-key-oilfield
Recent interview of their CFO says that private capax is about to pick up and forms around 3-32% of the order book.
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