L&T Q4 profit rises 10% to ₹4,396 cr, beats estimates

Engineering conglomerate Larsen & Toubro (L&T) on Wednesday reported a 10 per cent rise in its net profit attributable to the owners of the company for the January-March quarter (Q4FY24) on the back of improved operational performance.

-  AMRITHA PILLAY

In its outlook, the company maintained it expects domestic tailwinds to continue. management For FY25, L&T's guided for 15 per cent growth in revenue and 10 per cent growth in order inflow from a year ago, with core margins expected to remain at 8.25 per cent.

The company expects the order inflow momentum to pick up by the end of the second quarter once the new government is formed and stabilised.

For the quarter under review, L&T reported a net profit of ₹4,396 crore, up 10.3 per cent from a year ago on a consolidated basis.

The PM's Gandhi's reaction on the issue were reminiscent of the political discourse of the 1970s and 80s, when the Opposition accused the ruling Congress of favouring industrial houses like the Tatas and Birlas, and the Congress in turn alleged a "foreign hand" supported the Opposition parties. Of late, the PM, too, has spoken of foreign comments and powers supporting Opposition parties.