Revenue for the third quarter increased 9.73 percent to Rs 23,847.86 crore from Rs 21,732.35 crore in the same period of previous fiscal.
"The improvement in revenue is mainly backed by growth in revenue in infrastructure business where investments are happening, especially in the domestic market.
"Besides, the realty and services businesses have also contributed to higher revenue, which has offset weak sales at the power, minerals and metal handling, heavy engineering and hydrocarbon segments," L&T Group Chief Financial Officer R Shankar Raman told reporters here.
The company bagged fresh orders worth Rs 34,580 crore during the quarter as against Rs 28,990 crore a year-ago, registering a growth of 19 percent. The international order- books constituted 18 percent at 6,300 crore.
Consolidated order-book rose 17 percent to Rs 2,25,788 crore. International orders constituted 25 percent of the total order-book.
"Despite challenging environment, its heartening to note domestic order placement has improved compared to last year. Order inflow from international market constituted 18 percent while contribution from the domestic segment is improving. This indicates that the country is slowly but surely going to move in a different mode given the right environment," Raman said.
L&T's infrastructure business reported a revenue growth of 22 percent at Rs 11,553 crore. The segment secured new orders worth Rs 24,032 crore during the reporting period.
However, the power business witnessed a 30 percent decline in revenue to Rs 1,133 crore in Q3 due to low opening order-book and delay in receipt of new contracts.

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