trending Market Intelligence /marketintelligence/en/news-insights/trending/yzYujKcIVFTuxc4WfJMvOQ2 content esgSubNav
In This List

Larsen & Toubro fiscal Q3 profit climbs 8.8% YOY

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021

Blog

Using ESG Analysis to Support a Sustainable Future


Larsen & Toubro fiscal Q3 profit climbs 8.8% YOY

Larsen & Toubro Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was 6.70 Indian rupees per share, a gain of 8.8% from 6.16 rupees per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 9.40 billion rupees, an increase of 8.8% from 8.63 billion rupees in the year-earlier period.

The normalized profit margin climbed to 3.6% from 3.6% in the year-earlier period.

Total revenue increased 8.3% on an annual basis to 258.29 billion rupees from 238.48 billion rupees, and total operating expenses rose 10.0% year over year to 237.99 billion rupees from 216.37 billion rupees.

Reported net income increased 19.4% year over year to 10.35 billion rupees, or 7.38 rupees per share, from 8.67 billion rupees, or 6.18 rupees per share.

As of Jan. 29, US$1 was equivalent to 67.85 Indian rupees.