Larsen & Toubro's Surge in Profit Amidst Growing Order Book
Larsen & Toubro reported a 15.6% increase in net profit for the September quarter, strengthened by a 10% rise in consolidated revenue. The company secured Rs 2,10,237 crore in orders, marking a 39% growth. L&T is optimistic about exceeding its order inflow guidance despite ongoing divestment discussions.
- Country:
- India
Larsen & Toubro (L&T), a key player in infrastructure, announced a 15.6% rise in consolidated net profit for the September quarter, totaling Rs 3,926.09 crore, driven by increased revenues.
The firm reported a 10% surge in revenue from operations to Rs 67,983.53 crore for the July-September period, supported by new orders worth Rs 2,10,237 crore, up 39% year-on-year.
In a post-earnings briefing, L&T's leadership expressed optimism in surpassing its 10% order inflow growth target, while also addressing ongoing divestment talks for its Hyderabad metro stake.
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