MUMBAI (Reuters) - Industrial group Larsen & Toubro Ltd reported a better-than-expected 19 percent rise in its fourth-quarter net profit, as it won more orders for building roads and power transmission networks.
Consolidated net profit was 24.54 billion rupees ($364.2 million) for three months ending March 31, compared with 20.70 billion rupees reported a year earlier, L&T said in a regulatory filing on Wednesday.
Analysts on average had expected a net profit of 19.30 billion rupees, according to Thomson Reuters data.
($1 = 67.3825 rupees)
(Reporting by Promit Mukherjee; Editing by Devidutta Tripathy and Sherry Jacob-Phillips)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app