L&T Q4 net up 4.7% to Rs 31.67 bn on higher order intake, beats estimates


Industrial group Larsen & Toubro Ltd posted a nearly 5 percent rise in fourth-quarter net profit on Monday, beating analysts' estimates, on higher order intake during the period. Net profit rose to 31.67 billion rupees ($469.78 million) in the three months ended March 31 from 30.25 billion rupees a year earlier, L&T said.

Analysts on average had expected the Mumbai-headquartered company to post a net profit of 30.03 billion rupees, according to Thomson Reuters data. Revenue from operations jumped 10.5 percent to 406.78 billion.

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