Timely execution, efficiency guides L&T to grow Q3 PAT by 14% to ₹3,359 crore
Construction and engineering major Larsen & Toubro Ltd. net profit for the third quarter ended December 31 rose 14% year-on-year to ₹3,359 crore owing to timely execution and operational excellence, a top official said. The Infrastructure Projects segment reported revenue at ₹32,134 crore, up 15% YoY, majorly attributed to the execution of a large order book. The others segment comprising realty, industrial valves, construction equipment & mining machinery and rubber processing machinery reported a revenue of ₹1,674 crore, up 9% mainly contributed by higher handover of residential units in realty business. The segment EBITDA margin was at 27.5% higher than 24.4% a year ago mainly due to a favourable revenue mix in valves and construction equipment and mining machinery business, the company said.
L&T Q1 results: Net profit rises 12% to ₹2,786 crore; here are 5 key highlights
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