Larsen & Toubro Q4 profit up 11% at Rs 3,820 crore
Engineering and construction giant Larsen & Toubro (L&T) on Friday reported 11.3 per cent rise in consolidated net profit at Rs 3,820.16 crore for March quarter 2020-21 on the back of higher revenue from operations.
The company had posted a net profit of Rs 3,430.10 crore in the year-ago period, L&T said in a filing to BSE.
These figures take into account tax and share in profit (loss) of joint ventures/associates from continuing operations before exceptional items, it said.
Income of the company during January-March period increased to Rs 49,116.16 crore from Rs 44,905.76 crore in the year-ago period, the filing said. During a conference call, R Shankar Raman, Whole-time Director and Chief Financial Officer of L&T said the company is happy to report very strong performance for March quarter.
