 "Larsen and Toubro")
Engineering and infrastructure (infra) major Larsen & Toubro (L&T) reported a consolidated net profit of Rs 1,819.5 crore for the July-September quarter (second quarter, or Q2) of 2021-22 (FY22), down 67 per cent year-on-year (YoY), as the year-ago period’s profit was boosted by exceptional income.
Revenues for Q2FY22 were up 12 per cent YoY to Rs 34,773 crore as infra, information technology (IT) services, and the hydrocarbon business segments contributed significantly to the top line.
“The YoY fall in the company’s profits is mainly due to the base effect of our one-off exceptional items of Rs 10,650 crore (profit from
