Notice: amp_is_available was called incorrectly. `amp_is_available()` (or `amp_is_request()`, formerly `is_amp_endpoint()`) was called too early and so it will not work properly. WordPress is currently doing the `pre_get_posts` hook. Calling this function before the `wp` action means it will not have access to `WP_Query` and the queried object to determine if it is an AMP response, thus neither the `amp_skip_post()` filter nor the AMP enabled toggle will be considered. It appears the theme with slug `publisher` is responsible; please contact the author. Please see Debugging in WordPress for more information. (This message was added in version 2.0.0.) in /home/runcloud/webapps/techilive/wp-includes/functions.php on line 5313
L&T Q4 results: PAT rises 3% YoY to Rs 3,293 cr; order inflows slump 12% - TechiLive.in

L&T Q4 results: PAT rises 3% YoY to Rs 3,293 cr; order inflows slump 12%

0

MUMBAI: India’s largest infrastructure company Larsen & Toubro today reported a 3 per cent year-on-year rise in consolidated net profit to Rs 3,293 crore, which was slightly below analysts’ estimates.

The company reported a 9 per cent on-year growth in consolidated revenues to Rs 48,088 crore, which also missed Street’s expectations marginally. The infrastructure company’s new order inflows in the quarter slumped 12 per cent year-on-year to Rs 50,651 crore.

Larsen & Toubro’s order book at the end of the financial year stood at Rs 3.3 lakh crore, up 8 per cent on a year-on-year basis.

Loading...

L&T’s board also approved a final dividend worth Rs 18 per share for the financial year ended March.

Sequentially, the company’s performance was strong, reflecting the impact of unlocking the economy prior to the second wave on project execution. L&T said consolidated sales jumped 35 per cent sequentially, while net profit rose by 33 per cent.

In the year-ago quarter, L&T’s performance was affected by the national lockdown in March and the general slowdown in the economy even prior to the pandemic.

Loading...

“The economy, which made a resilient comeback during the later part of FY 2020-21, is once again at the crossroads, with the onset of a more ferocious second wave of the Covid-19 pandemic, impacting many states,” the company said.

L&T believes that the lockdowns will slow the growth momentum in the economy temporarily. However, the company said that beyond the lockdowns, the economy will recover back to near-normalized activity.

Shares of L&T ended 2.1 per cent higher at Rs 1,414.5 on the National Stock Exchange.

Loading...

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Education News Click Here 

Loading...

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! TechiLive.in is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – admin@techilive.in. The content will be deleted within 24 hours.

Loading...
Leave a comment