L&T Q1 consolidated net surges four-fold at Rs 1,174 cr on higher revenue

Larsen & Toubro reported a consolidated net profit attributable to the owners of the company at Rs 1,174 crore in the June quarter, up nearly four times from the same period last year on the back of increased revenues.

It had reported a bottomline of Rs 303 crore in the corresponding period last year.

The company’s topline in the period under review stood at Rs 29,334.73 crore, up 38 per cent from the same period last year.

“Though the topline in the June quarter was up from last year, it has actually come to the pre-COVID levels noted in first quarter of FY20 which is a more comparable scenario given that last year first quarter was COVID-19 hit,” R. Shankar Raman, chief financial officer at Larsen &Toubro informed during earnings conference call.