Larsen & Toubro - Quarterly Result

Consolidated net sales (including other operating income) of Larsen & Toubro for the quarter ended June 2021 has increased 38% to Rs 29334.73 crore. Despite challenging times with second wave of Covid and local lockdown affecting operations at many locations the higher revenue was largely attributed to healthy execution. Project progress was impacted with regional lockdowns, shortage of industrial oxygen and supply chain disruptions.

•    Provision for interest fell 24.26% to Rs 2393.25 crore.

•    Provision for depreciation rose 6.72% to Rs 717.38 crore.

•    Profit before tax grew 166.6% to Rs 2274.62 crore.

•    Taxation was up 98.16% to Rs 1020.68 crore.

•    The Company posted Consolidated Profit After Tax (PAT) of Rs 1,174.44 crore registering substantial y-o-y growth of

287.4% over the corresponding quarter of the previous year.

Source : Eureka

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