Friday, April 12, 2024

L&T Q4 Results: PAT Rises 10% YoY to Rs 3,987 Cr, Dividend at Rs 24 a Share

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Mumbai, May 11, 2023 – Larsen & Toubro (L&T), a renowned Indian conglomerate, has reported its financial results for the fourth quarter (Q4) of the fiscal year, showcasing a notable increase in its profit after tax (PAT). The company’s PAT rose by 10% compared to the same period last year, reaching Rs 3,987 crore. Furthermore, L&T announced a dividend of Rs 24 per share, demonstrating its commitment to rewarding its shareholders.

During Q4, L&T exhibited a robust financial performance, driven by strong project execution and a healthy order book. The company’s PAT of Rs 3,987 crore marks a significant growth compared to the corresponding quarter of the previous fiscal year, reflecting its ability to capitalize on market opportunities and deliver value to stakeholders.

L&T, with its diversified portfolio of businesses spanning sectors such as engineering, construction, and infrastructure, witnessed a steady growth trajectory in its revenue. The company’s efficient project execution, combined with its strategic initiatives to expand in domestic and international markets, contributed to its overall success.

The strong financial performance has prompted L&T’s board of directors to declare a dividend of Rs 24 per share. This dividend payout reinforces the company’s commitment to sharing profits with its shareholders and rewarding their trust and investment.

L&T’s strong order book position, along with its focus on innovation, technology, and sustainable practices, has positioned it well to capitalize on the evolving market dynamics. The company’s emphasis on digitalization, renewable energy, and infrastructure development aligns with India’s vision of progress and development.

As a leader in the infrastructure and engineering space, L&T has played a vital role in shaping India’s modern landscape. The company’s consistent growth and financial stability have instilled confidence in its investors and stakeholders.

Looking ahead, L&T remains committed to its growth trajectory, pursuing new projects and strategic partnerships. The company’s unwavering focus on operational excellence, technological advancements, and sustainable practices will continue to drive its success and create long-term value for its shareholders.

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