L&T Technology Q1 standalone net down 12.98%

L&T Technology Q1 standalone net down 12.98%

25/07/2017 16:50

Net sales of the company rose marginally by 1.79 per cent at Rs 779.10 crore for the quarter ended June 30, 2017 as against Rs 765.40 crore in the corresponding period last year.

During Apr-Jun quarter, operating expenses increased by 6.91 per cent to Rs 651.40 crore from Rs 609.30 in year ago period.

Other Income grew by 25.33 per cent at Rs 28.20 crore versus (Jun’16 Rs 22.50 crore).

Operating Profit slipped by 18.19 per cent to Rs 127.70 crore as against Rs 156.10 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 19.62 per cent in Jun quarter.

Taxation decreased by 8.49 per cent at Rs 38.80 crore (Jun’16 Rs 42.40 crore).

On the standalone basis, Net Profit during the quarter fell by 12.98 per cent to Rs 103.90 crore from Rs 119.40 crore in the previous year quarter.

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