L&T reports 6% fall in Q4 consolidated net profit

06 Jun 2020 Evaluate

Larsen & Toubro (L&T) has reported results for the fourth quarter and year ended March 31, 2020.

The company has reported a fall of 4.07% in its net profit after tax from continuing operations & discontinued operation at Rs 2,254.64 crore for the quarter under review as compared to net profit of Rs 2,350.28 crore for the same quarter in the previous year. Total income of the company decreased by 7.20% at Rs 28,054.42 crore for Q4FY20 as compared Rs 30,232.48 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 6.47% in its net profit after tax from continuing operations & discontinued operations attributable to owners of the company of Rs 3,197.07 crore for the quarter under review as compared to Rs 3,418.24 crore for the same quarter in the previous year. However, total income of the company increased by 2.26% at Rs 44,905.76 crore for Q4FY20 as compared Rs 43,914.37 crore for the corresponding quarter previous year.

For the year ended March 31, 2020, the company has reported a fall of 10.84% in its net profit after tax from continuing operations & discontinued operation at Rs 6,679.21 crore as compared to Rs 7,491.39 crore for the previous year. However, total income of the company increased by 0.22% at Rs 85,191.52 crore for year under review as compared to Rs 84,998.61 crore for year ended March 31, 2019.

For the year ended March 31, 2020, on the consolidated basis, the company has reported a rise of 7.23% in its net profit after tax from continuing operations & discontinued operations attributable to owners of the company of Rs 9,549.03 crore as compared to Rs 8,905.13 crore for the previous year. Total income of the company increased by 7.85% at Rs 14,7813.26 crore for year under review as compared to Rs 13,7056.82 crore for year ended March 31, 2019.

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