L&T net profit rises 5% to Rs3,338 crore in Q4
L&T’s net profit, including those of its units, increased to Rs3,337.95 crore in the March quarter from Rs3,180.41 crore a year ago
Mumbai: Engineering and construction firm Larsen and Toubro Ltd (L&T) on Monday said fiscal-fourth quarter profit rose 5% from a year ago.
Net profit, including those of its units, increased to Rs3,337.95 crore in the March quarter from Rs3,180.41 crore a year ago.
Revenue from operations rose 10% to Rs41,110.86 crore from Rs37,179.30 crore. The board recommended a dividend of Rs16 a share.
The firm won fresh orders worth Rs1.53 trillion during FY18, registering a growth of 7%. Global orders contributed to about 23% of the order inflow. Order intake for the March quarter was Rs49,557 crore, an increase of 5% from a year ago. The consolidated order book stood at Rs2.63 trillion as of March.
Existing orders worth Rs16,000 crore were eliminated from the book for being “non-moving”, L&T chief financial officer Shankar Raman said.
The firm expects order inflow to rise at 10-12% in FY19, Raman said, adding revenue will increase 12-15%. Margins will remain stable, he predicted, and may improve by about 25 basis points in FY19.