{"id":316164,"date":"2020-01-24T10:25:34","date_gmt":"2020-01-24T04:55:34","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=316164"},"modified":"2020-01-24T10:43:04","modified_gmt":"2020-01-24T05:13:04","slug":"lt-profit-before-tax-for-q3fy20-dips-5-firm-misses-street-estimates","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lt-profit-before-tax-for-q3fy20-dips-5-firm-misses-street-estimates\/","title":{"rendered":"L&amp;T profit before tax for Q3FY20 dips 5%, firm misses street estimates"},"content":{"rendered":"<p>Engineering conglomerate Larsen &amp; Toubro (L&amp;T) reported a 5 per cent decline in profit before tax (PBT) for the December 2019-ended quarter on account of lower disbursements and profits for its financial services arm. <\/p>\n<p>After tax, the company reported a consolidated profit of Rs 2,353 crore \u2014 a jump of 15 per cent. While the infrastructure segment revenue for the company took a hit, the overall order inflow grew at a slower pace of 2 per cent. The management, however, maintained its order and revenue guidance for the full year. <\/p>\n<p>For the December 2019-ended quarter, L&amp;T PBT was at Rs 3,223.23 crore, compared to Rs 3,401.22 crore reported a year ago. The consolidated gross revenue for the same period was at Rs 36,243 crore \u2014 a growth of 6 per cent year-on-year. The company missed the Street estimates.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Engineering conglomerate Larsen &amp; Toubro (L&amp;T) reported a 5 per cent decline in profit before tax (PBT) for the December 2019-ended quarter on account of lower disbursements and profits for its financial services arm. After tax, the company reported a consolidated profit of Rs 2,353 crore \u2014 a jump of 15 per cent. While the infrastructure segment revenue for the company took a hit, the overall order inflow grew at a slower pace of 2 per cent. The management, however, maintained its order and revenue guidance for the full year. For the December 2019-ended quarter, L&amp;T PBT was at Rs [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,168],"tags":[],"class_list":["post-316164","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-roads-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/316164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=316164"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/316164\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=316164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=316164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=316164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}