Larsen and Toubro Reports 3% Decline in Q4 Profit Despite Revenue Growth
L&T Q4 Results: Profit falls 3% YoY to Rs 5,326 crore; co declares Rs 38/share dividend
The Economic Times
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Larsen and Toubro (L&T), a major engineering and construction firm in India, reported a 3% year-on-year decline in its consolidated net profit to ₹5,326 crore for Q4. However, the company experienced an 11% growth in consolidated revenues, reaching ₹82,762 crore. A final dividend of ₹38 per share has been recommended.
- 01L&T's consolidated net profit fell by 3% YoY to ₹5,326 crore.
- 02Consolidated revenues grew by 11% YoY to ₹82,762 crore.
- 03The company declared a final dividend of ₹38 per share.
- 04The record date for the dividend is set for May 22.
- 05L&T continues to show resilience in revenue growth despite profit decline.
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Larsen and Toubro (L&T), an engineering and construction giant based in India, reported a 3% year-on-year decline in its consolidated net profit for the fourth quarter, amounting to ₹5,326 crore compared to ₹5,497 crore in the same quarter last year. Despite this dip in profit, L&T's consolidated revenues showed a positive trend, growing by 11% year-on-year to reach ₹82,762 crore. The company’s board has recommended a final dividend of ₹38 per share, with May 22 set as the record date for shareholders. This performance highlights L&T's ability to maintain revenue growth even amidst profit challenges, reflecting its strong market position in the engineering and construction sector.
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The decline in profit may affect investor sentiment, but revenue growth suggests ongoing demand for L&T's services.
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