L&T Profit Rises 15% to Rs 2,947 Cr in Dec Quarter
By Rediff Money Desk, NEWDELHI Jan 30, 2024 19:33
Larsen & Toubro (L&T) reported a 15% increase in consolidated profit after tax to Rs 2,947 crore in the December quarter, driven by strong performance despite global headwinds.
New Delhi, Jan 30 (PTI) Infrastructure major Larsen & Toubro (L&T) on Tuesday posted a 15 per cent rise in its consolidated profit after tax at Rs 2,947 crore in the December quarter.
The company had posted a consolidated profit after tax (PAT) of Rs 2,552.92 crore in the year-ago period.
The consolidated income of the company in the October-December period grew to Rs 55,965.57 crore from Rs 47,144.75 crore in the year-ago period, according to a regulatory filing.
"We have registered yet another quarter of strong performance, despite the headwinds from a volatile global environment and consequent supply chain constraints.
"Our nine-month order inflow has crossed the FY23 level. This is a testament to our wide capability spectrum, diversified presence, financial strength and most importantly the faith reposed in us by our customers," L&T Chairman and Managing Director S N Subrahmanyan said in a statement.
The company had posted a consolidated profit after tax (PAT) of Rs 2,552.92 crore in the year-ago period.
The consolidated income of the company in the October-December period grew to Rs 55,965.57 crore from Rs 47,144.75 crore in the year-ago period, according to a regulatory filing.
"We have registered yet another quarter of strong performance, despite the headwinds from a volatile global environment and consequent supply chain constraints.
"Our nine-month order inflow has crossed the FY23 level. This is a testament to our wide capability spectrum, diversified presence, financial strength and most importantly the faith reposed in us by our customers," L&T Chairman and Managing Director S N Subrahmanyan said in a statement.
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.93 ( -4.87)
- 226206286
- IFL Enterprises
- 1.30 (+ 4.84)
- 81461564
- Vodafone Idea L
- 16.79 (+ 0.66)
- 67447398
- NCL Research
- 0.95 ( -4.04)
- 31996628
- Franklin Industries
- 3.73 (+ 3.32)
- 21511209
MORE NEWS
![Navi Mumbai...](https://im.rediff.com/80-80/money/2021/jun/10navi-mumbai-airport7.jpg)
Navi Mumbai Airport ILS Signal Testing Begins
The Airports Authority of India (AAI) has begun ILS signal testing at the...
![Air India VRS for...](https://im.rediff.com/80-80/money/2020/sep/09tata-vistara-3.jpg)
Air India VRS for Non-Flying Staff Ahead of...
Air India has announced a voluntary retirement scheme (VRS) and voluntary separation...
Fisher Groups Oppose WTO Fisheries Subsidy Talks
Small-scale fisher groups from India, Indonesia, and Bangladesh demand WTO keep...