L&T Q4 net rises 3% to Rs 3,293 cr

 

L&T

Larsen and Toubro (L&T) reported a consolidated net profit of Rs 3,293 crore in the January-March quarter (Q4FY21). This is a hike of 3 per cent as against Rs 3,197 crore profits posted in the previous year period (Q4FY20).

Sequentially, the profit increase by 33 per cent compared to Rs 2,467 crore in the December quarter (Q3FY21). The board of the company has declared a final dividend of Rs 18 per share.

L&T’s revenue from operations came in at Rs 48,088 crore for the quarter ended March 31, 2021, up 8.6 per cent from the revenue of Rs 44,245 crore posted in the corresponding year the previous year.

The order inflow for the quarter January-March 2021 was Rs 50,651 crore, lower by 12 per cent over the corresponding period of the previous year with the deferment of awards. International orders at Rs 18,439 crore during the quarter contributed to 36 per cent of the total order inflow.

The consolidated order book of the company is Rs 327,354 crore as of March 31, 2021, with a growth of 8 per cent over March 31, 2020.

According to the filing by the company”The economy which made a resilient comeback during the latter part of FY 2020-21, is once again at the crossroads, with the onset of a more ferocious second wave of the Covid-19 pandemic, impacting many states. This is expected to temporarily slow down the growth momentum, especially during the first quarter of FY 2021-22,”