Larsen & Toubro Q4 profit up 10% at Rs 3,987 crore – Times of India

New Delhi: Engineering and construction giant Larsen & Toubro (L&T) on Wednesday reported a 10 per cent rise in its consolidated net profit at Rs 3,987 crore for the quarter ended March 2023, helped by higher revenue.
The infrastructure major said in a filing to BSE that the company had posted a consolidated net profit of Rs 3,621 crore in the year-ago period.
The company’s consolidated revenue during January-March 2023 rose to Rs 58,335 crore from Rs 52,851 crore in the year-ago period, a growth of 10 per cent.
Its total expenses also increased by 11 per cent to Rs 51,502 crore from Rs 46,334 crore in January-March FY22.
The Board of Directors has recommended a final dividend of Rs 24 per equity share for the approval of the shareholders.
The company received orders worth Rs 230,528 crore at group level during the year ending March 31, 2023, registering a healthy growth of 19%.
In a separate statement, SN SubrahmanyanLarsen & Toubro CEO said, “For the first time, our group’s order inflow has crossed Rs 2 trillion (Rs 2 lakh crore) and our order book is at a record high of Rs 4 trillion.
“Our group revenue for the year is Rs 1.83 trillion, registering a growth of 17 per cent, on the back of a strong execution pace across the projects and manufacturing portfolio and a healthy growth in the IT & TS businesses we have achieved over the last five years. Have done.”