Strong revenue growth and operational efficiencies led infrastructure major Larsen and Toubro Ltd (L&T) to report an 8% rise in net profit for the March quarter to ₹3,418 crore, against ₹3,167 crore in the year-ago period. Revenue from operations for the quarter grew 10% from ₹40,676 crore to ₹44,933 crore. For the full fiscal year, net profit stood at ₹8,905 crore, against ₹7,369 crore in FY18. Order intake for the quarter was ₹56,538 crore, growing 14% year-on-year and led by order wins in power, heavy engineering and hydrocarbons. The infrastructure segment saw order inflows fall 8% to ₹31,033 crore for the quarter, while Ebitda margins were lower at 8.5% because of cost pressures and pending claims.

Source: Mint May 10, 2019 12:15 UTC