L&T Stocks Surge 4% Amid Robust Revenue Growth
Larsen & Toubro (L&T) shares soared nearly 4%, driven by a 10% year-on-year increase in revenue for the October-December quarter. Despite a 4.2% dip in consolidated profit due to new labor code provisions, L&T's order book expanded by 30% compared to the previous year.
- Country:
- India
On Thursday, infrastructure giant Larsen & Toubro saw its stock rise by nearly 4% as the company reported a 10% increase in consolidated revenue for the October-December quarter.
The BSE-listed stock climbed to Rs 3,932.45 by day's end, with a peak intraday gain of 4.38%.
Despite a 4.2% fall in consolidated profit attributed to new labor code provisions, L&T's order book surged 30%, reaching Rs 7,33,161 crore, with nearly half from international orders.
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