Larsen & Toubro Q4 Profit Up 4.7% At Rs 3,167 Crore, Beats Estimates

Industrial group Larsen & Toubro Ltd posted a nearly 5 per cent rise in fourth-quarter net profit on Monday, beating analysts' estimates, on higher order intake during the period.

Net profit rose to Rs 3,167 crore ($469.78 million) in the three months ended March 31 from Rs 3,025 crore a year earlier, L&T said.

Analysts on average had expected the Mumbai-headquartered company to post a net profit of Rs 3,003 crore, according to Thomson Reuters data.

Revenue from operations jumped 10.5 per cent to Rs 40,678 crore.

L&T's order intake rose 5 per cent to Rs 49,557 crore in the quarter.

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