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Larsen & Toubro Q4 Net Up Nearly A Fifth, Beats Estimates

Consolidated net profit was Rs 2,454 crore for three months ending March 31, compared with Rs 2,070 crore reported a year earlier

Photo Credit : Reuters

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Industrial group Larsen & Toubro Ltd reported a better-than-expected 19 per cent rise in its fourth-quarter net profit, as it won more orders for building roads and power transmission networks.

Consolidated net profit was Rs 2,454 crore ($364.2 million) for three months ending March 31, compared with Rs 2,070 crore reported a year earlier, L&T said in a regulatory filing on Wednesday (25 May).

Analysts on average had expected a net profit of Rs 1,930 crore, according to Thomson Reuters data.

(Reuters)


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