Larsen & Toubro Q4 consolidated Q4 net profit down 4% at Rs 3,430 cr

Topics Larsen & Toubro | L&T  | Lockdown

L&T''s consolidated total income during January-March increased to Rs 44,905.76 crore, against Rs 43,914.37 crore in the year-ago period
Engineering and construction major Larsen & Toubro (L&T) on Friday posted a 4.36 per cent dip in its consolidated net profit at Rs 3,430.10 crore for the quarter to March 2020.

The company had clocked a consolidated net profit of Rs 3,586.48 crore in the year-ago period, the company said in a regulatory filing to the BSE.

Its consolidated total income during January-March increased to Rs 44,905.76 crore, against Rs 43,914.37 crore in the year-ago period, the filing said.

Total expenses increased to Rs 40,656.02 crore during the quarter under review as against Rs 38,966.27 crore in the corresponding period of the previous fiscal.

For the full fiscal year (2019-20), its consolidated net profit recorded an increase of 6.14 per cent to Rs 10,239.71 crore as against Rs 9,647.25 crore in the previous year.

"The consolidated order book of the group stood at Rs 303,857 crore as on March 31, 2020, registering a growth of 4 per cent over March 2019. International orders constitute 25 per cent of the total order book," it said in a statement. 

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel