L&T Q4 net rises 28% to Rs 3,180 cr

Total income rose 12% to Rs 36,828 cr; announces bonus issue in ratio of 1:2

Engineering giant Larsen & Toubro Ltd reported a 28 percent rise in consolidated net profit for the March quarter, beating market estimates, with the infrastructure segment generating higher revenue.

Fourth-quarter profit was Rs 3,180 crore, compared with a profit of Rs 2,482 crore a year earlier, while total income from operations rose 12% to Rs 36,828 crore.

Gross revenue from the infrastructure segment increased 8% on progress of jobs under execution, the company announced bonus issue in ratio of 1:2.