Larsen & Toubro, the engineering and infrastructure major, reported consolidated profit at Rs 5,520.3 crore in Q3FY21, a jump of 118 percent compared to the year-ago period due to the divestment of electrical and automation business.
Profit before exceptional item stood at Rs 1,410.3 crore for the quarter, falling 44.7 percent compared to Rs 2,551.67 crore in same period last year, but better than CNBC-TV18 poll estimates which was pegged at Rs 1,230 crore.
Company recorded consolidated gross revenues of Rs 31,035 crore for the quarter ended September 2020, declining 12 percent YoY due to the lingering impact of the pandemic during the quarter under review, company said in its BSE filing.
Team RYR&Co.
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