Multinational conglomerate Larsen & Toubro (L&T) posted its Q4 FY22 results on May 12, 2022.
The company reported a 59% QoQ (Quarter on Quarter) jump in its standalone Profit After Tax (PAT) to Rs 2,901 crore in the recent March quarter FY22 from Rs 1,823 crore in the previous quarter of FY22. On a YoY (Year on Year) basis, the PAT was up 18.6%, up from Rs 2,444 crore in the year ago period.
The company’s revenue from operations was up 45.8% QoQ and 8.4% YoY to Rs 37,439 crore in the quarter under review.
However, L&T’s overall expenses shot up 41% QoQ to Rs 34,318 crore. This was largely on account of a rise in the sub-contracting charges and the construction materials consumed.
The company’s operating margin was up at 10.34% in Q4 FY22 from 7.96% in the previous quarter, but down from 11.66% in the year-ago period.
The company’s Board of Directors recommended a dividend payout of Rs 22 per equity share of the face value of Rs 2 each.
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Research Analyst: Bavadharini KS