Larsen & Toubro announced a substantial rise in consolidated net profit for the quarter ended June 2016. During the quarter, the profit of the company rose 45.51% to Rs 6,096.00 million from Rs 4,189.40 million in the same quarter previous year.
Revenues for the quarter rose 9.11% to Rs 218,738.00 million, compared with Rs 200,482 million for the prior year period.
Operating margin for the quarter stood at 2.78 percent as compared to 8.19 percent for the previous year period. Operating Income for the quarter was Rs 6,090.10 million, compared with Rs 16410.6 million in the previous year period.
Earnings per share for the quarter stood at Rs 6.52, registering 45.54% growth over previous year period.
| Quarterly Results - Consolidated (Rs in mn) |
| As at | Jun - 16 | Jun - 15 | %Change |
| Revenues | 218,738.00 | 200,482.40 | 9.11 |
| Net Profit | 6,096.00 | 4,189.40 | 45.51 |
| Diluted EPS | 6.52 | 4.48 | 45.54 |
Shares of the company declined Rs 18.95, or 1.2%, to settle at Rs 1,558.00. The total volume of shares traded was 298,092 at the BSE (Friday).
