Mumbai : Engineering major Larsen & Toubro (L&T) on Wednesday reported a 43.14 cent jump in consolidated net profit at Rs 1,472 crore in the June quarter, helped by strong performance in its infrastructure business. The company, which had reported a net profit of Rs 1,028.3 crore in the year-ago period, saw a 17.12 per cent rise total income at Rs 28,527.48 crore, compared with Rs 24,355.52 crore in the year-ago period.
“The strength of the performance is borne out of the fact that the company has done very well across various parameters and exceeded previous fiscal quarter results,” company’s group chief financial officer R Shankar Raman said.
Raman said the revenues, which is a part of total income, for the periods up to June 30, 2017, includes excise duty collected from customers. Revenue from July 1, 2017, onwards is exclusive of goods and service tax which subsumed excise duty. It won new orders worth Rs 36,142 crore at the group level during the June quarter.
