Larsen & Toubro Ltd.

Larsen & Toubro has reported results for fourth quarter (Q4) and year ended March 31, 2023.

The company has reported 3.51% rise in its net profit at Rs 3002.85 crore for the quarter under review as compared to Rs 2901.15 crore for the same quarter in the previous year. However, total income of the company decreased by 0.86% at Rs 37814.05 crore for Q4FY23 as compared to Rs 38142.02 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 10.98% rise in its net profit at Rs 4446.74 crore for fourth quarter ended March 31, 2023 as compared to Rs 4006.66 crore for the same quarter in the previous year. Total income of the company increased by 10.70% at Rs 59076.06 crore for Q4FY23 as compared to Rs 53366.26 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, the company has reported marginal fall of 0.39% in its net profit at Rs 7848.97 crore as compared to Rs 7879.45 crore for the previous year. However, total income of the company increased by 9.49% at Rs 114535.93 crore for year under review as compared to Rs 104613.06 crore for year ended March 31, 2022.

For the year ended March 31, 2023, on the consolidated basis, the company has reported 22.68% rise in its net profit at Rs 12624.87 crore as compared to Rs 10291.05 crore for the previous year. Total income of the company increased by 17.31% at Rs 186269.87 crore for year under review as compared to Rs 158788.31 crore for year ended March 31, 2022.