L&T profit up 5%
On Monday, Infrastructure giant L&T registered a 4.72 per cent jump in consolidated fourth-quarter net profit at Rs 3,167.47 crore. In the January-March quarter of 2016-17, it had clocked a net profit of Rs 3,024.61 crore.
Its total expenses during the quarter under review grew to Rs 36,198.11 crore against Rs 33,464.06 crore during the year-ago quarter. The order intake grew 5 per cent to Rs 49,557 crore during the quarter, adding the international order inflow at Rs 8,678 crore constituted 18 per cent of the order inflow for the three-month period, said Larsen and Toubro in a statement. The consolidated order book of the group stood at Rs 2,63,107crore as on March 31, 2018, with the international order book constituting 24 per cent.
During the January-March quarter of 2018, the infrastructure segment recorded an order inflow of Rs 33,455 crore, a growth of 27 per cent over the corresponding quarter of the previous year.
Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $18 billion in revenue.