Larsen & Toubro secured orders worth Rs 1,92,997 crore at the group level during the year ended March 31, 2022
L&T’s board of directors has recommended a final dividend of Rs 22 per equity share
- Last Updated:May 12, 2022, 17:42 IST
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Engineering major Larsen & Toubro (L&T) on Thursday reported a 10 per cent jump in its net profit to Rs 3,620.69 crore for the March 2022 quarter, compared with Rs 3,292.81 crore in the year-ago period. Its consolidated revenue during January-March 2022 also rose 10 per cent year-on-year to Rs 52,851 crore.
The company’s international sales during the quarter stood at Rs 17,550 crore, which constituted 33 per cent of the total revenue, according to a BSE filing.
Its board of directors has recommended a final dividend of Rs 22 per equity share for the approval of shareholders, an increase of 22 per cent per share over the previous year.
“The company secured orders worth Rs 1,92,997 crore at the group level during the year ended March 31, 2022, registering a growth of 10 per cent over the previous year. During the year, major traction was seen in the international region, especially from the Middle East, where the company bagged large value orders during the year, taking the share of international orders to 44 per cent of the total order inflow, as compared to 27 per cent in the previous year,” L&T said in a statement.
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Source: News18