Larsen & Toubro has reported results for the quarter and the year ended March 31, 2011
The company’s net profit after tax for the fourth quarter rose by 17.25% at Rs 1686.21 crore as compared to Rs 1438.10 crore for the quarter ended March 31, 2010. Its total income has increased by 13.23% at Rs 15754.03 crore for the quarter under review from Rs 13913.09 crore in the corresponding previous quarter.
The company has registered a fall of 9.54% in its net profit after tax for the year ended March 31, 2011 at Rs 3957.89 crore as compared to Rs 4375.52 crore for the year ended March 31, 2010. Its total income has increased by 18.86% at Rs 45099.76 crore for the year from Rs 37945.05 crore in previous year.
On consolidated basis, the group’s net profit after tax for the year has dropped 18.24% at Rs 4456.17 crore as compared to Rs 5450.74 crore for the year ended March 31, 2010. Total income for the year has increased by 18.51% at 53008.27 crore as compared to Rs 44728.31 crore for the previous year.
Larsen & Toubro has recommended a dividend of Rs 14.50 per share (previous year Rs 12.50 per share) and the company will arrange to pay the same on August 30, 2011, if approved by the members in Annual General Meeting scheduled to be held on August 26, 2011.