L&T Q4 net profit rises 3% on improved order execution
The Hindu
CFO projects FY22 revenue growth in ‘low to mid teens’ with pandemic as caveat
Larsen a Toubro Ltd (L&T) reported that its fourth quarter consolidated net profit grew 3% to ₹3,293 crore from a year earlier, due to improved execution of orders and better working capital management. Consolidated revenue increased 8.68% to ₹48,088 crore, evidencing return to pre-COVID levels of activity, the company said. Consolidated net profit including profit from discontinued operations for the year ended March 31 climbed 21% to ₹11,583 crore, compared with the previous year.
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