Larsen & Toubro Q4 profit up 4.7% to ₹3167 crore, beats estimates
Reuters |
Reuters May 28, 2018 04:54 PM IST
L&T’s net profit rose to ₹3167 crore ($469.78 million) in the three months ended March 31 from ₹3025 crore a year earlier, the company said.
Industrial group Larsen & Toubro Ltd posted a nearly 5% rise in fourth-quarter net profit on Monday, beating analysts’ estimates, on higher order intake during the period.
Net profit rose to ₹3167 crore ($469.78 million) in the three months ended March 31 from ₹3025 crore a year earlier, L&T said.
Hindustan Times - your fastest source for breaking news! Read now.
Analysts on average had expected the Mumbai-headquartered company to post a net profit of ₹3003 crore, according to Thomson Reuters data.
Revenue from operations jumped 10.5% to ₹40678 crore.
L&T’s order intake rose 5% to ₹495.57 crore in the quarter.
Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it's all here, just a click away!- Login Now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
Share this article