Wholesale Tents Manufactures crore constituted

The inteational orders at Wholesale Tents Manufactures crore constituted 34 per cent of the total order inflow, which on a cumulative basis, stood at Rs 95,706 crore for the nine months to December.57 crore as against Rs 24,170 crore in the previous fiscal."It said the challenging business conditions are expected to continue in the next few quarters until the govement moves to lift growth through "infra spend and tax reforms take effect".85 per cent jump in its consolidated net profit at Rs 972 crore for the December quarter, said the govements "cashless economy" efforts have caused "disruption" and its impact on business is yet to be assessed."Consolidated orderbook of the group stood healthy at Rs 2,58,585 crore as on December 31, 2016, higher by 1."Aided by these initiatives, the company is hopeful of a satisfactory performance, given the current business environment," it said.The company focus will be on "selective pursuit of opportunities, working capital reduction, cost optimisation through supply chain efficiencies and productivity enhancement through digitisation initiatives".

"Delays in obtaining clearances and work slowdown due to abrupt liquidity constraints of customers aggravated by demonetisation impacted progress of jobs under execution, especially in buildings and factories business," it said.About global economic scenario, it said the revival hinges on the outcome of post Brexit events in the UK, change in the economic policy stance in the US, political developments in some of the major European countries and Chinas policy response to slowdown.98 crore during the quarter under review, from Rs 25,928.Likewise, the financial services logged customer revenue of Rs 2,108 crore during the quarter, y-o-y growth of 11 per cent, driven by jump in loan assets and disbursements mainly in microfinance, housing and wholesale finance, it said. Inteational orderbook constituted 29 per cent of the total orderbook," it said.

Major orders were secured by infrastructure and hydrocarbon Segments.L&T said its infrastructure segment achieved customer revenue of Rs 12,467 crore for the December quarter, a y-o-y growth of 6 per cent..34 crore for October-December last fiscal.New Delhi: Larsen & Toubro (L&T), which today reported a 38.It said transportation infrastructure and water and effluent treatment businesses contributed to the revenue growth during the quarter.On recent demonetisation, the infrastructure major said, "Govements initiatives to curb the parallel economy and make a transition to cashless economy have caused disruption whose impact on the business sentiment is yet to be conclusively assessed.07 crore a year ago.