L&T Q4 net rises nearly 14 per cent to Rs1,920 crore
14 May 2012
Engineering and construction major Larsen & Toubro has reported a 13.89 per cent year-on-year growth in stand-alone net profit at Rs1,920.41 crore for fiscal fourth quarter ended 31 March 2012, on the back of an improvement in order flows.
The company had reported a net profit of Rs1,686.21 crore during the corresponding quarter of the previous financial year.
Total income for the quarter ended 31 March 2012 increased by 18.78 per cent to Rs18,775.10 crore, from Rs15,618.35 crore in the year-ago quarter.
L&T, however, said order inflows for the quarter were 13 per cent lower than expected.
Net sales were up 21 per cent at Rs18,460.90 crore against Rs15,261.17 crore of in the similar quarter of the previous financial year, L&T said in a filing with the Bombay Stock Exchange (BSE).
For the year ended 31 March 2012, L&T reported a net profit (after tax) of Rs4,456.50 crore, against Rs3,957.89 crore during the previous financial year ended 31 March 2011.