L&T fourth quarter PAT vaults 44 per cent to Rs1,438 crore
17 May 2010
Engineering conglomerate Larsen & Toubro today reported a 44 per cent jump in its after-tax profit, at Rs1,438 crore, during fiscal fourth quarter (January-March 2009-10) and a 28 per cent year-on-year rise in quarterly sales, at Rs13,490 crore.
L&T also reported a 90 per cent jump in order inflows during the quarter, at Rs23,843 crore, mostly from the hydrocarbon, fertiliser, defence, buildings and industrial sectors, signifying the company's position of pre-eminence in these sectors.
For the financial year 2009-10 as a whole, the company reported a 26 per cent rise in after-tax profit at Rs4,376 crore, helped by the significantly improved performance during the fourth quarter.
During the year ended March 2010, the company posted an year-on-year growth of 35 per cent in order inflow and an 11 per cent increase in sales (excluding sales from RMC business sold during the previous year).
As of 31 March 2010, the company's order book crossed the Rs100,000 crore mark.
The board of directors of the company recommended a dividend of Rs12.50 per equity share.
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