L&T reports 79% fall in Q1 consolidated net profit
23rd Jul 2020

Larsen & Toubro (L&T) has reported results for first quarter ended June 30, 2020.

The company has reported 75.18% fall in its net profit of Rs 281.65 crore for the quarter under review as against Rs 1134.73 crore for the same quarter in the previous year. Total income of the company decreased 47.63% at Rs 8848.25 crore for Q1FY21 as compared Rs 16896.90 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 79.41% fall in its net profit from continuing operations & discontinued operations attributable to owners at Rs 303.14 crore for the quarter under review as against Rs 1472.58 crore for the same quarter in the previous year. Total income of the company decreased by 27.20% at Rs 22037.37 crore for Q1FY21 as compared Rs 30270.94 crore for the corresponding quarter previous year.