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Schneider deal boosts L&T Q2 net profit to Rs 5,520 cr; revenue dips 12%

The firm also announced a special dividend of Rs 18 per share

Larsen & Toubro, L&T
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The company also reassessed value for a couple of its assets, including a nuclear-related joint venture and power plants

Amritha Pillay Mumbai
Engineering conglomerate Larsen & Toubro (L&T) reported a net profit of Rs 5,520 crore for the September quarter — a number aided by one-time asset sale proceeds, but offset by impairment costs. 

The firm also announced a special dividend of Rs 18 per share. In its management commentary, L&T refused to share a guidance for revenue or order inflow, citing Covid-related uncertainty.  

The firm reported a consolidated profit after tax (PAT), including the PAT from discontinued operations for the quarter, at Rs 5,520 crore, against Rs 2,527.26 crore reported a year ago. The number is helped by Rs 8,146 crore as net

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First Published: Oct 29 2020 | 12:13 AM IST

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