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L&T profit inches up 10% as overseas business declines
The New Indian Express
|May 09, 2024
ENGINEERING and construction giant Larsen & Toubro (L&T) on Wednesday reported tepid numbers with consolidated net profit rising 10% to 4,396 crore for the for the March quarter on an annualised basis as its revenue from overseas operations stumbled.
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Revenue from operations rose 15% to ₹67,079 crore, it said in an exchange filing. Of this, share of international revenue was 45%.
The engineering major said the order inflow for the quarter stood at ₹72,150 crore, registering a de-growth of 5% year-on-year when order inflows stood at 76,099 crore.
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