 "Larsen and Toubro")
India’s largest engineering and construction firm Larsen & Toubro (L&T) on Friday reported a consolidated net profit of Rs 3,293 crore for Q4, up 3 per cent year-on-year (YoY) on higher revenues and surge in other income.
The reported net profit was higher than Bloomberg consensus estimate of Rs 3,042 crore, despite the 116 per cent YoY jump in tax expenses to Rs 2,087 crore. In Q4, net sales at Rs 48,088 crore, up 8.7 per cent YoY, were slightly lower than expectations of Rs 48,602 crore. Sequentially, revenues jumped 35 per cent. “The revenue growth on a YoY
The reported net profit was higher than Bloomberg consensus estimate of Rs 3,042 crore, despite the 116 per cent YoY jump in tax expenses to Rs 2,087 crore. In Q4, net sales at Rs 48,088 crore, up 8.7 per cent YoY, were slightly lower than expectations of Rs 48,602 crore. Sequentially, revenues jumped 35 per cent. “The revenue growth on a YoY
