18 Jan 2020 | 8:54 PM

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COMPANYNEWS
L&T Q2 net profit up 13.11% at Rs 1983.60 cr
  Larsen & Toubro Ltd. | 17 Jan 2020 | 10:51 AM
Published on 10-23-2019
The company reported standalone net profit of Rs 1983.60 crore for the quarter ended September 30 2019 as compared to Rs 1753.71 crore in the same period last year registering a year-on-year growth of 13.11 per cent.


Net revenue of the company rose by 0.55 per cent at Rs 18751.69 crore in July-September quarter of this fiscal as against Rs 18648.76 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 1.23 per cent to Rs 17198.64 crore from Rs 16989.76 crore in year ago period.


Other Income grew by 41.22 per cent at Rs 1022.16 crore versus (Sep`18 Rs 723.79 crore).


Operating Profit slipped by 6.39 per cent to Rs 1553.05 crore as against Rs 1659.00 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 6.97 per cent in September quarter.


Interest grew by 51.20 per cent y-o-y to Rs 559.05 crore while Taxation decreased by 102.05 per cent at Rs -10.19 crore (Sep`18 Rs 496.60 crore).