L&T clocks 3% increase in net profit at Rs 3,293 cr for Q4FY1
New Delhi: Infra player Larsen and Toubro (L&T) clocked 3 percent increase in consolidated net profit at Rs 3,293 crore for the fourth quarter of the last fiscal as compared to Rs 3,197 crore in the same quarter of the previous fiscal.
Compared to the immediately preceding quarter, the profit jumped 33 percent from Rs 2,467 crore earned in the third quarter (December quarter) of the last fiscal, the company said in a regulatory filing.
The company’s revenue from operations jumped 8.6 percent at Rs 48,088 crore for the fourth quarter of the last fiscal as compared to Rs 44,245 crore in the same quarter of the previous fiscal.
The order inflow of the company in the latest quarter stood at Rs 50,651 crore, a decline of 12 percent as compared to the corresponding quarter of the previous fiscal.
International orders stood at Rs 18,439 crore in the latest quarter.
Company’s consolidated order book stood at Rs 327,354 crore at the end of March 2021. This was 8 percent higher as compared to the end of March 2020.
L&T’s board recommended a final dividend of Rs 18 per share.
For the whole of last fiscal, the company registered a growth of 21 percent in consolidated profit after tax at Rs 11,583 crore as compared to the previous fiscal. This included profits from discontinued operations.
“Last year was one of the toughest in our company’s history. We are excited about the future for the fact that we have some extraordinary and technologically challenging jobs in our order backlog. However, year ahead has many unknowns. The Covid infection rate, supply chain matters, commodity prices and so on. The company will continue to build and execute on its commitments, but we of course have to calibrate our growth in future based on operating environment and conditions,” said SN Subrahmanyan, CEO and managing director, L&T.