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'We have registered yet another quarter of strong performance, despite the headwinds from a volatile global environment and consequent supply chain constraints,' says L&T Chairman ....
L&T Q3 Results: Consolidated revenue from operations rose nearly 19% YoY to Rs 55,128 crore and was higher than the estimated Rs 54,147 crore. The company bagged orders worth Rs 75,990 crore during the December quarter, registering a robust growth of 25% on a YoY basis. ....
Infrastructure major Larsen and Toubro (L&T) on Tuesday reported consolidated net profit of Rs 3,223 crore in the September quarter. This is higher by 45% compared with Rs 2229 crore reported in the corresponding quarter of the previous year.The profit was higher than the ET Now Poll estimate of Rs 2,858 crore.Consolidated revenues for the second quarter rose 19% to Rs 51,024 crore, primarily aided by improved execution of the large order book and accelerated progress in the projects and manufacturing portfolio. ....
L&T: HDFC Institutional Equities, which sees L&T Q2 profit rising 30 per cent YoY, said even as the government capex and initiatives and Middle East hydrocarbon ordering have shown momentum, private capex is yet to show its best.