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L&T's Q2 consolidated net profit down 44.7%
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SME Times News Bureau | 29 Oct, 2020
Larsen & Toubro on Wednesday reported a 44.7 per cent fall in its
consolidated net profit for the July-September quarter at Rs 1,410.29
crore.
During the corresponding period of last fiscal (FY20), the company had reported a consolidated net profit of Rs 2,551.67 crore.
"The
impact of pandemic in terms of lower revenue, higher credit provisions
in the financial services business and disruption of the metro services,
led to decline of 45 per cent vis-a-vis reported PAT of corresponding
quarter of the previous year at Rs 2,552 crore," the company said in a
regulatory filing.
The industrial conglomerate's revenue from
operations during the period under review, fell by 12.15 per cent to Rs
31,034.74 crore.
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Currency |
Import |
Export |
US Dollar
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84.65 |
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