L&T Q4 net profit up 5% to Rs 3,167 cr

Infrastructure giant L&T today registered 4.72 per cent jump in consolidated net profit to Rs 3,167.47 crore for the fourth quarter ended March 31, 2017-18.

It had clocked a net profit of Rs 3,024.61 crore in the January-March quarter of the preceding fiscal, 2016-17.

"The consolidated gross revenue in the quarter January to March 2018 totalled Rs 40,678 crore recording an increase of 10 per cent on a year-on-year basis," Larsen and Tubro said in a statement.

Its total expenses during the quarter under review grew to Rs 36,198.11 crore as 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, it said, adding that international order inflow at Rs 8,678 crore constituted 18 per cent of the order inflow for the 3-month period.

Consolidated Order Book of the group stood at Rs 2,63,107 crore as at March 31, 2018, with international Order Book constituting 24 per cnet of the total Order Book..

During the quarter January-March 2018, the Infrastructure Segment recorded order inflow of Rs 33,455 crore registering a growth of 27 per cent over the corresponding quarter of the previous year. The Order Book of the Segment stood at Rs 1,95,419 crore as at March 31, 2018.

The company said, "Domestic reforms such as GST, RERA and the Insolvency & Bankruptcy Code have led to disruptions in the year gone by, though these are expected to lead to sustainable long term growth."