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03-Mar-2024

Larsen & Toubro

Sales up 19%, net up 15%


'Consolidated net sales (including other operating income) of Larsen & Toubro for the quarter ended Dec 2023 has increased 18.84% to Rs 55127.82 crore.  Operating profit margin has declined by 50 bps to 10.4% and thus the growth at operating profit restricted at 14% to Rs 5759 crore.    Other income rose 10.96% to Rs 837.75 crore.  PBIDT rose 13% to Rs 6596.75 crore.  Provision for interest fell 13% to Rs 904.17 crore.  PBDT rose 13% to Rs 5692.58 crore.  Provision for depreciation rose 12% to Rs 920.75 crore.  Profit before tax grew 14% to Rs 4,771.83 crore.  Provision for tax was expense of Rs 1177.32 crore, compared to Rs 1270.5 crore.   PAT was up 23% to Rs 3594.51 crore.  Share of profit/loss was 77.64% higher at Rs -1.67 crore.  Minority interest increased 27.68% to Rs 645.48 crore.  Net profit attributable to owners of the company increased 15% to Rs...



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