{"id":445737,"date":"2021-10-28T08:47:25","date_gmt":"2021-10-28T03:17:25","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=445737"},"modified":"2021-10-28T09:52:35","modified_gmt":"2021-10-28T04:22:35","slug":"lt-q2-results-consolidated-pat-falls-67-yoy-to-rs-1819-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lt-q2-results-consolidated-pat-falls-67-yoy-to-rs-1819-crore\/","title":{"rendered":"L&amp;T Q2 results: Consolidated PAT falls 67% YoY to Rs 1,819 crore"},"content":{"rendered":"<p>Engineering and infrastructure (infra) major Larsen &amp; Toubro (L&amp;T) reported a consolidated net profit of Rs 1,819.5 crore for the July-September quarter (second quarter, or Q2) of 2021-22 (FY22), down 67 per cent year-on-year (YoY), as the year-ago period\u2019s profit was boosted by exceptional income.<\/p>\n<p>Revenues for Q2FY22 were up 12 per cent YoY to Rs 34,773 crore as infra, information technology (IT) services, and the hydrocarbon business segments contributed significantly to the top line.<\/p>\n<p>\u201cThe YoY fall in the company\u2019s profits is mainly due to the base effect of our one-off exceptional items of Rs 10,650 crore (profit from discontinued operations) in the last year quarter &#8211; missing in Q2FY22,\u201d said R Shankar Raman, chief financial officer, L&amp;T, in an earnings call.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Engineering and infrastructure (infra) major Larsen &amp; Toubro (L&amp;T) reported a consolidated net profit of Rs 1,819.5 crore for the July-September quarter (second quarter, or Q2) of 2021-22 (FY22), down 67 per cent year-on-year (YoY), as the year-ago period\u2019s profit was boosted by exceptional income. Revenues for Q2FY22 were up 12 per cent YoY to Rs 34,773 crore as infra, information technology (IT) services, and the hydrocarbon business segments contributed significantly to the top line. \u201cThe YoY fall in the company\u2019s profits is mainly due to the base effect of our one-off exceptional items of Rs 10,650 crore (profit from [&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-445737","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\/445737","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=445737"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/445737\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=445737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=445737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=445737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}