L&T’s Q1 consolidated profit surges 46%

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Mumbai, July 28 (IANS) Engineering conglomerate Larsen and Toubro (L&T) on Friday reported a surge of 46 per cent in its consolidated profit after tax (PAT) for the first quarter (Q1) ended June 30.

The company’s PAT for the quarter stood at Rs 893 crore — up 46 per cent — from Rs 610 crore reported during the corresponding quarter of the previous year.

According to the company, the consolidated gross revenue rose by 10 per cent year-on-year to Rs 23,990 crore during the quarter under review.

“The company won new orders worth Rs 26,352 crore at consolidated level during the quarter ended June 30, 2017 in a challenging business environment,” L&T said in a statement.

“International orders at Rs 7,885 crore constituted 30 per cent of the total order inflow. Major orders during the quarter were secured by the infrastructure segment,” the statement added.

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The company’s scrip on the BSE closed at Rs 1,159.10 per share, down Rs 23.15 per share or 1.96 per cent.



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