Larsen & Toubro disclosed a steep drop in consolidated net profit for the quarter ended March 2015. During the quarter, the profit of the company declined 27.14% to Rs 20,696.40 million from Rs 28,404.00 million in the same quarter previous year.
Revenues for the quarter rose marginally 3.70% to Rs 283,034.30 million, compared with Rs 272,934 million for the prior year period.
The order intake for the quarter ended Mar. 31, 2015 was also higher at Rs 475.82 billion recording a y-o-y growth of 39%. International order inflow during the quarter at Rs 113.64 billion constituted 24% of the order inflow for the quarter.
Consolidated Order Book of the group stood at Rs 2326.49 billion as at Mar. 31, 2015, higher by 28% on a y-o-y basis. International Order Book constituted 26% of the total Order Book.
The board of directors has recommended a dividend of Rs 16.25 equity share.
| Quarterly Results - Consolidated (Rs in mn) |
| As at | Mar - 15 | Mar - 14 | %Change |
| Revenues | 283,034.30 | 272,934.20 | 3.70 |
| Net Profit | 20,696.40 | 28,404.00 | (27.14) |
| Diluted EPS | NA | NA | |
Shares of the company gained Rs 9.65, or 0.58%, to trade at Rs 1,665.00. The total volume of shares traded was 0 at the BSE (9.08 a.m., Monday).
