Stock in Focus: L&T Q4 profit rises Rs 3,025 crore

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Stock news, Stock in the news, Todays market updateIndia’s largest engineering firm, Larsen and Toubro Ltd (L&T), on Monday reported a 28 percent jump in March quarter consolidated net profit on higher revenue and lower taxes. The consolidated net profit in the quarter rose to Rs. 3,025 cr, against Rs. 2,335 cr, that was in a year earlier. Total income from operations grew 12 percent to Rs. 36,828 cr.

The company said it won orders worth Rs. 47,289 cr, in the March quarter, up 9.6 percent from a year earlier. International orders, at Rs. 9,044 cr, made up 19 percent of the total order inflow. The consolidated order book figured at Rs. 2.61 trillion as of 31 March, an enhance of 5 percent from a year earlier.

Revenue from the infrastructure business, rose 8.2 percent to Rs. 20,300.96 cr, in the quarter, while revenue in the power business tanked about 2.8 percent to Rs. 1,838.55 cr.

The shares of L&T closed at Rs. 1,788 on BSE on Monday morning, little changed from last closing. Results have been announced after market hours on 29 May, 2017.

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