Mumbai: Larsen and Toubro (L&T) on Friday reported that its consolidated net profit rose 3% to ₹3,293 crore in March quarter compared to ₹3,197 crore in the same quarter last year.
A Bloomberg poll of 10 analysts had estimated a net profit of ₹3,042.70 crore.
Consolidated revenue from operations grew by 8.69% year-on-year to ₹48,088 crore from ₹44,245.28 crore reported in the year-ago quarter.
The company recommended a final dividend of ₹18 per equity share During the year the Company had declared a special dividend of ₹18 per equity share as an interim dividend, post the divestment of the Electrical & Automation business.
The order inflow for the quarter ended March 31 stood at ₹50,651 crore, registering a fall of 12% over the corresponding period of the previous year.
