Larsen & Toubro (L&T) reported an 8-per cent rise in its consolidated profit after tax (PAT) at Rs 3,418 crore owing to improved operations. The company’s management indicated business environment remains challenging, though early signs of private investment were visible.
For the January to March 2019 period, L&T reported PAT at Rs 3,418.24 crore, higher than Rs 3,167.47 crore for the same period a year ago. Consolidated gross revenue for the company stood at Rs 44,934 crore, 10 per cent higher on year-on-year basis.
R Shankar Raman, whole-time director and chief financial officer for the company, said the financial performance is impressive in the backdrop of a challenging environment. “And an added distraction of the largest dance of democracy (elections).”
Larsen & Toubro revenues up 10% to Rs 22,934 cr; firm guides for 10-12% order inflow growth in FY20.