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