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Infrastructure major Larsen & Toubro (L&T) on Thursday reported a 25 per cent year-on-year increase in its consolidated profit after tax (PAT) to Rs 5,497 crore for the quarter ended March 31, driven by higher revenues as well as an exceptional gain. The Mumbai-headquartered company's revenue grew 10.9 per cent to Rs 74,392.3 crore, according to a regulatory filing.

The company's bottom-line exceeded analysts' expectations but the top-line failed to meet the mark.

According to Zee Business research, L&T was estimated to register a net profit of Rs 4,809 crore with revenue of Rs 77,566 crore,  

The construction giant registered 13 per cent growth in its March-quarter earnings before interest, taxes, depreciation and amortisation (EBITDA) to Rs 8,203 crore, according to the filing. 

Its margin expanded by 20 basis points (bps) to 11 per cent, meeting analysts' expectations. Margin is a key measure of profitability. 

Zee Business analysts had pegged the construction giant's EBITDA at Rs 8,189 crore and margin at 11 per cent.

“The year concluded on a high note, marking yet another period of outstanding performance. We achieved the highest ever yearly order inflows in Company’s history which buoys our order book to a record level. Similarly, the strong revenue growth underpins our journey towards achieving operational excellence through innovation and digitalisation," said SN Subrahmanyan, Chairman and Managing Director, L&T. 

L&T secured group-level orders to the tune of Rs 3,56,631 crore during the financial year, up 18 per cent on a year-on-year basis. 

The company said that the domestic economic landscape continues to demonstrate resilience and stable growth despite turbulent global geopolitical dynamics. 

It expects economic growth to continue on the back of continuing public infrastructure investments and a revival in private investments in areas like energy transition, data centres and real estate.

The company's board announced a final dividend of Rs 34 per equity share for the financial year ended March 31.

L&T fixed June 3 as the record date for the dividend. 

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