On a consolidated basis, net profit of Larsen & Toubro (L&T) rose 4.95% to Rs 3337.95 crore on 11.09% rise in net sales to Rs 40678.10 crore in Q4 March 2018 over Q4 March 2017. The result was announced after market hours yesterday, 28 May 2018.
The company successfully won fresh orders worth Rs 152908 crore at the group level during the year ended 31 March 2018, registering a growth of 7% over the previous year.
The International orders during the year at Rs 35853 crore, constituted 23% of the total order inflow. Order wins in infrastructure and hydrocarbon segments were the major contributors to the order flow during the year.
The order intake for the quarter ended 31 March 2018 at Rs 49557 crore, grew by 5% year-on-year. International order inflow during the quarter at Rs 8678 crore, constituted 18% of the order inflow for the quarter.
Consolidated order book of the group stood at Rs 263107 crore as at 31 March 2018, with international order book constituting 24% of the total order book.
L&T said it expects to continue its planned trajectory of profitable and steady growth which, along with its many value enhancing measures, is aimed at improving shareholder returns on a sustainable basis.
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During the fourth quarter of the financial year 2017-2018, the per barrel realisation (price at which Oil India sold the crude it discovered) rose to $64.93 a barrel. This was $52.50 a barrel in the same quarter of the financial year 2016-2017.
IDBI Bank will be watched. Government of India increased its stake in IDBI Bank by 5% to 85.96% by acquiring 109.73 crore shares via preferential allotment on 25 May 2018. The announcement was made after market hours yesterday, 28 May 2018.
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