L&T Q3 profit rises 5% YoY to Rs 2,467 cr on record quarterly order inflow

The Group order inflow for the quarter ended December 31, 2020 registered a strong growth of 76 per cent over the corresponding quarter of the previous year and stood at Rs 73,233 crore

Larsen and Toubro (L&T) on Monday reported a consolidated net profit of Rs 2,466.71 crore for the October-December quarter of FY21 (Q3FY21), clocking a growth of 4.8 per cent year on year (YoY) on the back of highest-ever order inflow in a quarter. This amount, however, included net profit worth Rs 209.3 crore from the company's discontinued operations.

"Consolidated Profit After Tax (PAT) for the quarter ended December 31, 2020 at Rs 2,467 crore registered growth of 4.9 per cent over the corresponding quarter of the previous year, largely attributed to higher profit from IT a TS segment and