New Delhi -°C
Today in New Delhi, India

Nov 30, 2020-Monday
-°C

Humidity
-

Wind
-

Select Country
Select city
ADVERTISEMENT
Home / Business News / Larsen and Toubro: Revival still a work in progress

Larsen and Toubro: Revival still a work in progress

The construction company posted a consolidated net profit of Rs5,520 crore, more than double the Rs2,527 crore it posted a year ago.

business Updated: Oct 29, 2020, 07:57 IST
Mint, Mumbai
Larsen and Toubro is one of the largest construction and infrastructure development companies in the country.
Larsen and Toubro is one of the largest construction and infrastructure development companies in the country.(Mint File Photo)

Larsen and Toubro Ltd (L&T), the country’s largest infrastructure and construction conglomerate, said it expects the pandemic to cast a long shadow on its business.

After reporting a 12% drop in revenue to Rs31,000 crore in the fiscal second quarter, L&T shied away from giving a definite outlook for the year. Its senior management said it is still playing catch-up with last year’s numbers.

“The second quarter has been a road to revival from the depths of Q1,” R. Shankar Raman, whole-time director and chief financial officer of L&T, said.

The construction company posted a consolidated net profit of Rs5,520 crore, more than double the Rs2,527 crore it posted a year ago.

ht epaper

Sign In to continue reading