Larsen & Toubro (L&T) reported a 10% YoY increase in profit after tax (PAT) of Rs 3,987 crore for the quarter ended March 31, 2023. The board approved a final dividend of Rs 24 per equity share. The engineering company's total consolidated PAT for FY23 was Rs 10,471 crore, a growth of 21%., Companies News, Times Now
Anil Manibhai Naik will be given the title Chairman Emeritus by the Board of Directors of Larsen & Toubro (L&T) upon stepping down from his position as Non-Executive Chairman on September 30, 2023. Naik, who has worked at L&T since 1965 and in various roles of increasing responsibility, led the company to become a globally recognized conglomerate. He was instrumental in enhancing shareholder value and upholding L&T's status as a professionally managed entity. S N Subrahmanyan, the current CEO and MD of L&T, will succeed Naik as Chairman and MD from October 1, 2023., Companies News, Times Now