L&T Q4 net increases 10% to Rs 3,621 cr, firm declares dividend of Rs 22

L&T admitted that volatility in the price of crude oil and other commodities owing to geopolitical uncertainties was pushing up input prices

Engineering giant Larsen & Toubro (L&T) on Thursday said its consolidated net profit (attributable to owners) rose nearly 10% year-on-year to Rs 3,621 crore for the quarter ended March 31, 2022, amid higher fuel and commodity prices. Net profit before exceptional items, but from continuing operations, stood at Rs 4,007 crore, a growth of 13.3% over the year-ago period.

Consolidated revenue for the quarter rose 10% versus last year to Rs 52,851 crore, marginally below street estimates.

A Bloomberg consensus estimate had pegged revenue and net profit for the quarter at Rs 53,018 crore and Rs 3,483 crore respectively.

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