Engineering giant Larsen & Toubro Ltd reported a 28 percent rise in consolidated net profit for the March quarter, beating market estimates, with the infrastructure segment generating higher revenue.
Fourth-quarter profit was Rs 3,180 crore, compared with a profit of Rs 2,482 crore a year earlier, while total income from operations rose 12% to Rs 36,828 crore.
Gross revenue from the infrastructure segment increased 8% on progress of jobs under execution, the company announced bonus issue in ratio of 1:2.