L&T's first quarter net up 36% at Rs 12.1 billion, revenue increases by 19%

Ebitda grew 40 per cent to Rs 29 billion during the quarter, against Rs 21 billion in the June 2017 quarter

Engineering conglomerate Larsen & Toubro (L&T) on Wednesday reported a 36 per cent year-on-year rise in consolidated net profit to Rs 12.14 billion during the April-June quarter, against Rs 8.92 billion a year ago, helped by increase in revenue and improved operational efficiency.

With a 37 per cent rise in order inflows, the management expects the current financial year to be a front-ended, with a higher share of orders in the first half of the year. Revenue from operations improved 19 per cent year on year to Rs 282.83 billion, from Rs 239.89 billion in the year-ago period. The company’s performance