 "Larsen and Toubro")
EPC major Larsen & Toubro (L&T) on Monday reported 287% surge in consolidated net profit for June quarter at Rs 1,174 crore. It was Rs 303 crore in June 2020.
The company reported consolidated revenue of Rs 29,335 crore for the quarter ended June 30, 2021, registering a yoy growth of 38%, attributed to healthy execution of projects despite the second wave of Covid-19 affecting operations at many locations. It was Rs 21,260 crore a year ago. Project progress was impacted with regional lockdowns, shortage of industrial oxygen and supply chain disruptions, the the engineering and construction conglomerate said.
The company
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