MUMBAI: India’s largest infrastructure company Larsen & Toubro today reported a 3 per cent year-on-year rise in consolidated net profit to Rs 3,293 crore, which was slightly below analysts’ estimates.
The company reported a 9 per cent on-year growth in consolidated revenues to Rs 48,088 crore, which also missed Street’s expectations marginally. The infrastructure company’s new order inflows in the quarter slumped 12 per cent year-on-year to Rs 50,651 crore.
Larsen & Toubro’s order book at the end of the financial year stood at Rs 3.3 lakh crore, up 8 per cent on a year-on-year basis.
L&T’s board also approved a final dividend worth Rs 18 per share for the financial year ended March.
…More to come
