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L&T posts 14% drop in pre-tax profit, says revival a few quarters away

Firm won orders worth Rs 1.86 trillion at the group level in FY20, up 9% over previous year even in the face of subdued business environment and economic challenges

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Coronavirus | Larsen & Tourbo L&T | pre-tax profit

Amritha Pillay  |  Mumbai 



A sign of Larsen and Toubro (L&T) is placed on a road divider in Mumbai
For the quarter ended March 31, the overall Profit After Tax (PAT), including the PAT from discontinued operations at Rs 3,197 crore, dipped by six per cent over the figure for the similar period last year

Engineering conglomerate Larsen & Toubro (L&T) on Friday reported a 14 per cent year-on-year (YoY) drop in consolidated profit before tax (PBT) at Rs 4,249.7 crore for the quarter ended March 31 (Q4FY20). This was also lower than the consensus estimate of Rs 4,567.2 crore, according to Bloomberg poll of analysts.

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First Published: Fri, June 05 2020. 21:09 IST

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