Larsen & Toubro's Q4FY17 net profit rises by 30%; declares free shares
L&T posted net profit of Rs 3,025 crore, rising by 29.5% compared to Rs 2,335 crore in the corresponding period of the previous year.
Larsen & Toubro (L&T) surpassed analyst estimates by reporting nearly 30% rise in consolidated net profit for the fourth quarter ended March 31, 2017 result.
The company posted net profit of Rs 3,025 crore, rising by 29.5% compared to Rs 2,335 crore in the corresponding period of the previous year.
A Bloomberg poll of analysts expected net profit at Rs 2,650 crore for L&T this Q4.
Consolidated gross revenue recorded an increase of 12% year-on-year (YoY) at Rs 36,828 crore this Q4.
For entire FY17, gross revenue of L&T totaled at Rs 110,011 crore, registering 8% yoy increase. 34% of the total revenue was captured by international business where gross revenue stood at Rs 37,653 crore.
As on March 31, 2017, the company has won fresh orders worth Rs 142,995 crore at group level in the challenging business environment. International orders were worth Rs 41,507 crore - accounting 29% of the total order.
Infrastructure segment contributed customer revenue growth of 8% at Rs 52,924 crore on progress of jobs under execution. While Power business recorded growth of 8% with customer revenue of Rs 6,939 crore.
Total costs stood ar Rs 33,510 crore compared to Rs 29,240 crore in the similar period of the previous year.
In its meeting held on Monday, L&T's board of directors have recommended the issue of bonus equity shares in the ratio of 1:2. Also a divided of Rs 21 per equity shares on the pre-bonus share capital has been declared.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Home loan EMI+SIP: By paying 11% more than your EMI, you can recover entire Rs 97.3 lakh interest liability in 25 years; here's how
Retirement Corpus Target Rs 5 Crore: What should be your monthly SIP investment to achieve this financial goal in 10, 20, and 30 years?
SBI 400-day Special FD vs PNB 400-day Special FD: Which will provide higher return to senior citizens on Rs 6 lakh, 12 lakh, and Rs 18 lakh investments
SIP+SWP: Rs 17,000 monthly SIP investment for 20 years and then Rs 97,000 monthly income for 44 years; know how it is possible
SBI Senior Citizen Latest FD Rates: How much senior citizens will get on investments of Rs 8 lakh and Rs 15 lakh in Amrit Vrishti, 1-year, 3-year, and 5-year fixed deposits; see examples
05:01 PM IST