L&T reports 52% rise in Q4 net profit

Larsen & Toubro (L&T) has reported results for fourth quarter and year ended March 31, 2014 The company has reported 52.33% rise in its net profit of Rs 2723.48 crore for the quarter ended March 31, 2014 as compared to Rs 1787.94 crore for the same quarter in the previous year. The total income of the company increased by 11.42% at Rs 20574.37 crore for quarter under review as compared to Rs 18465.08 crore for the quarter ended March 31, 2013. For the year ended March 31, 2014, the company has posted a rise of 41.29% in its net profit at Rs 5493.13 crore as compared to Rs 4910.64 crore for the same period in the previous year.  However, total income of company improved by 7.44% at Rs 58479.81 crore for year under review as compared to Rs 53498.25 crore for the year ended March 31, 2013. For the year ended March 31, 2014, on the consolidated basis, the company has posted a fall of 5.83% in its net profit after taxes & Minority interest at Rs 4902.00 crore as compared to Rs 5205.67 crore for the same period in the previous year. However, total income of company has increased by 13.97% at Rs 86110.31 crore for year under review as compared to Rs 75553.68 crore in FY13.