L&T Q4 results: Net profit rises 3% YoY to ₹3,293 cr; co announces dividend of ₹18

Infrastructure company Larsen & Toubro (L&T) on Friday posted a consolidated net profit of 3,293 crore, up 3% year-on-year, as against ₹3,197 crore net profit reported on 31 March, 2020.

Sequentially, the profit rose 33% from ₹2,467 crore in the December quarter. Moreover, the consolidated Profit After Tax (PAT) including PAT from discontinued operations for the year ended March 31, 2021 stood at ₹11,583 crore, registering a rise of 21% y-o-y.

The consolidated PAT includes a charge of 3,620 crore towards exceptional items and profit from Discontinued Operations 8,238 crore, mainly comprising of gain on divestment, L&T said.

The company reported a 9% on-year growth in consolidated revenues to ₹48,088 crore showing a return to pre-Covid levels of activity. The international revenues during the quarter at Rs15,851 crore constituted 33% of the total revenue.