Larsen & Toubro Q4 profit up 4.7% to ₹3167 crore, beats estimates - Hindustan Times
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Larsen & Toubro Q4 profit up 4.7% to 3167 crore, beats estimates

Reuters | ByReuters
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.

A logo of Larsen and Toubro (L&T) is pictured outside its Corporate office in Mumbai, India May 25, 2016. REUTERS/Shailesh Andrade(Reuters File Photo)
A logo of Larsen and Toubro (L&T) is pictured outside its Corporate office in Mumbai, India May 25, 2016. REUTERS/Shailesh Andrade(Reuters File Photo)

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.

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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.

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