L&T reports 2-fold jump in Q2 consolidated net profit
29th Oct 2020

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

The company has reported net loss of Rs 1767.10 crore for the quarter under review as against net profit of Rs 1718.52 crore for the same quarter in the previous year. Total income of the company decreased 15.18% at Rs 16726.83 crore for Q2FY21 as compared Rs 19721.42 crore for the corresponding quarter previous year.

 On the consolidated basis, the company has reported 2-fold jump in its net profit from continuing operations & discontinued operations attributable to owners at Rs 5520.27 crore for the quarter under review as against Rs 2527.26 crore for the same quarter in the previous year. However, total income of the company decreased by 12.05% at Rs 31593.77 crore for Q2FY21 as compared Rs 35924.89 crore for the corresponding quarter previous year.