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L&T marks 46 pct rise in net profit in Q1

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L&T marks 46 pct rise in net profit in Q1

INDIA BLOOMS NEWS SERVICE | 30 Jul 2016, 12:21 am
Mumbai, July 29 (IBNS) Larsen & Toubro on Friday announced the company recorded 46 per cent rise in its consolidated net profit to Rs 610 crore for the quarter which ended on June 30.

Larsen & Toubro recorded Consolidated Gross Revenue of Rs. 21874 crore for the quarter ended June 30, 2016, registering an increase of 9.1% on a y-o-y basis.

The International revenue during the quarter at Rs. 7622 crore constituted 35% of the total revenue.

The Company successfully won fresh orders worth Rs. 29702 crore at consolidated level during the quarter ended June 30, 2016, registering a smart increase of 14%.

The International orders at Rs. 13211 crore constituted 44% of the total order inflow.

Major orders during the quarter were secured by Infrastructure and Hydrocarbon Segments. Consolidated Order Book of the group stood at Rs. 257427 crore as on June 30, 2016, higher by 8% on a y-o-y basis.

International Order Book constituted 29% of the total Order Book. Consolidated Profit After Tax (PAT) for the quarter ended June 30, 2016 at Rs. 610 crore was higher by 46% vis-à-vis Ind AS restated PAT of Rs. 419 crore for the corresponding quarter of the previous year.

L&T marks 46 pct rise in net profit in Q1

INDIA BLOOMS NEWS SERVICE
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