{"id":381104,"date":"2020-10-29T08:47:09","date_gmt":"2020-10-29T03:17:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=381104"},"modified":"2020-10-29T09:06:07","modified_gmt":"2020-10-29T03:36:07","slug":"schneider-deal-boosts-lt-q2-net-profit-to-rs-5520-cr-revenue-dips-12","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/schneider-deal-boosts-lt-q2-net-profit-to-rs-5520-cr-revenue-dips-12\/","title":{"rendered":"Schneider deal boosts L&amp;T Q2 net profit to Rs 5,520 cr; revenue dips 12%"},"content":{"rendered":"<p>Engineering conglomerate Larsen &amp; Toubro (L&amp;T) reported a net profit of Rs 5,520 crore for the September quarter \u2014 a number aided by one-time asset sale proceeds, but offset by impairment costs. <\/p>\n<p>The firm also announced a special dividend of Rs 18 per share. In its management commentary, L&amp;T refused to share a guidance for revenue or order inflow, citing Covid-related uncertainty. <\/p>\n<p>The firm reported a consolidated profit after tax (PAT), including the PAT from discontinued operations for the quarter, at Rs 5,520 crore, against Rs 2,527.26 crore reported a year ago. The number is helped by Rs 8,146 crore as net profit from discontinued operations, referring to the sale of its electricals and automation business to Schneider Electric in August.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Engineering conglomerate Larsen &amp; Toubro (L&amp;T) reported a net profit of Rs 5,520 crore for the September quarter \u2014 a number aided by one-time asset sale proceeds, but offset by impairment costs. The firm also announced a special dividend of Rs 18 per share. In its management commentary, L&amp;T refused to share a guidance for revenue or order inflow, citing Covid-related uncertainty. The firm reported a consolidated profit after tax (PAT), including the PAT from discontinued operations for the quarter, at Rs 5,520 crore, against Rs 2,527.26 crore reported a year ago. The number is helped by Rs 8,146 crore [&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":[135,130,232],"tags":[],"class_list":["post-381104","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381104","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=381104"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381104\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=381104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=381104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=381104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}