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L&T Q4 net rises 28% to Rs 3,180 cr

Total income rose 12% to Rs 36,828 cr; announces bonus issue in ratio of 1:2


Engineering giant Larsen & Toubro Ltd reported a 28 percent rise in consolidated net profit for the March quarter, beating market estimates, with the infrastructure segment generating higher revenue. Fourth-quarter profit was Rs 3,180 crore, compared with a profit of Rs 2,482 crore a year earlier, while total income from operations rose 12% to Rs 36,828 crore. Gross revenue from the infrastructure segment increased 8% on progress of jobs under execution, the company announced bonus issue in ratio of 1:2.

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First Published: Mon, May 29 2017. 17:11 IST