Engineering and construction company Larsen & Toubro (L&T) on Monday reported a rise of 29.5 percent in its consolidated net profit for the fourth quarter (Q4) ended March 2017. The company rewarded shareholders with 1:2 bonus shares and dividend of Rs 21 per share.
The Mumbai-based company's consolidated net profit stood at Rs 3,025 crore, up from Rs 2,335 crore reported in the corresponding period last fiscal.
Consolidated gross revenues rose 12 percent to Rs 36,828 crore.
For 2016-17 basis, the company's consolidated net profit increased 43 percent to Rs 6,041 crore while revenues inched 8 percent to Rs 1,10,011 crore.
"Consolidated order book of the group stood at a robust level of Rs 2,61,341 crore as at March 31, 2017, higher by 5 percent on a y-o-y basis. International order book constituted 27 percent of the total order book," the statement said.
"The Board of Directors has recommended for the approval of shareholders, the issue of bonus equity shares in the ratio of 1:2 (one bonus equity share of Rs 2 each for every two equity shares of Rs 2 each held)."
The company's board of directors has recommended a dividend of Rs 21 per equity share on the pre-bonus share capital.
"The bonus shares qualify for dividend. The post-bonus dividend per share works out to Rs 14 per share," the statement said.
