Larsen & Toubro's Consolidated Net Profit Declines in Fiscal Q4
Larsen & Toubro's (NSE:LT, BOM:500510) consolidated attributable net profit declined to 53.3 billion Indian rupees in the fiscal fourth quarter ended March 31, from 55.0 billion rupees a year ago.Earnings per share contracted to 38.70 rupees from 39.95 rupees a year earlier, the engineering and infrastructure giant said in a filing to the Indian bourses on Tuesday. The figure missed the 41.58 rupees estimated by the analysts polled by Visible Alpha.Revenue from operations in fiscal Q4, however, increased to 827.6 billion rupees from 743.9 billion rupees a year ago. This was lower than Visible Alpha's estimate of 868.2 billion rupees.The company's board recommended a final dividend of 38 rupees per share of the face value of 2 rupees each for the financial year ended March 31. It has fixed May 22 as the record date to determine the eligible shareholders for the dividend.
