Latest News | BIZ-RESULTS-L&T L&T Q4 Net Profit Rises 10 Pc to Rs 4,396 Cr

New Delhi, May 8 (PTI) Engineering and construction major Larsen & Toubro (L&T) on Wednesday reported a 10.2 per cent increase in consolidated net profit to Rs 4,396.12 crore for the March quarter.

The company had posted a consolidated net profit of Rs 3,986.78 crore in the year-ago period.

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The consolidated income of the company rose to Rs 68,120.42 crore, over Rs 59,076.06 crore from the year-ago period, L&T said in a filing to the BSE.

"The year has concluded on a very strong note for us. We have secured order inflows of more than Rs 3 lakh crore and the order book is around Rs 4.75 lakh crore, reflecting the continued trust reposed on us by all our esteemed clients.

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"During the year, we successfully completed the maiden buyback of equity shares, in line with our aim to improve shareholder value. Furthermore, in addition to the special divided of Rs 6 per share paid to our equity shareholders during the year, we are recommending a final dividend of Rs 28 per share for the financial year 2023-24," company's Chairman and Managing Director S N Subrahmanyan said.

Larsen & Toubro is an Indian multinational engaged in engineering, procurement, and construction (EPC) projects, hi-tech manufacturing and services. It operates in over 50 countries worldwide.

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