Engineering conglomerate Larsen & Toubro (L&T) reported an 8-per cent rise in its consolidated profit after tax (PAT) at Rs 3,418 crore owing to improved operations. The company’s management indicated business environment remains challenging, though early signs of private investment were visible.
For the January to March 2019 period, L&T reported PAT at Rs 3,418.24 crore, higher than Rs 3,167.47 crore for the same period a year ago. Consolidated gross revenue for the company stood at Rs 44,934 crore, 10 per cent higher on year-on-year basis. Company earnings before interest, taxation, depreciation and ammortisaton (EBITDA were at Rs 5,600 crore, 3 per cent higher from Rs 5,400 crore reported in the corresponding quarter a year back.
