L&T Q4 net up 44 pc, declares dividend at Rs 12.5 each | business | Hindustan Times
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L&T Q4 net up 44 pc, declares dividend at Rs 12.5 each

Engineering firm Larsen & Toubro today posted a growth of 44 per cent in its net profit to Rs 1,438.10 crore for the fourth quarter ended March 2010, over the same period last year.

business Updated: May 17, 2010 15:45 IST

Engineering firm Larsen & Toubro on Monday posted a growth of 44 per cent in its net profit to Rs 1,438.10 crore for the fourth quarter ended March 2010, over the same period last year.

Net sales of the company rose to Rs 13,374.89 crore in the January-March quarter, up 27.75 per cent from Rs 10,468.98 crore in the corresponding period last fiscal, Larsen & Toubro said in a filing to the Bombay Stock Exchange.

The board of directors has proposed a dividend of Rs 12.50 per equity share on the face value of Rs 2 each to shareholders.

The total income of the company rose to Rs 13,585 crore for the fourth quarter, from Rs 10,605.31 crore in the same quarter ended March 31, 2009.

For the year ended March 2010, the company reported a consolidated net profit of Rs 5,450.74 crore, up 43.83 per cent over the year-ago period.

The company's order book, as on March 31, 2010, crossed the Rs 1,00,000-crore mark, the filing added.

Shares of L&T were trading at Rs 1,565.45 on the BSE, up 2.34 per cent from its previous close.