L''T Shares Surge 5% After Strong Earnings
By Rediff Money Desk, New Delhi Jan 31, 2025 09:56
Larsen ''Toubro (L''T) shares jumped nearly 5% on Friday after the company reported a 14% rise in profit for the December quarter, driven by strong revenue growth and record order bookings.
New Delhi, Jan 31 (PTI) Shares of infrastructure and engineering major Larsen & Toubro (L&T) on Friday climbed nearly 5 per cent after the firm reported a 14 per cent rise in consolidated profit after tax for the December quarter.
The stock rallied 4.94 per cent to Rs 3,588.85 on the BSE.
At the NSE, shares of the firm climbed 4.94 per cent to Rs 3,590.
Larsen & Toubro on Thursday reported a 14 per cent rise in consolidated profit after tax to Rs 3,359 crore for the December quarter on the back of higher revenue from operations.
The company had posted a profit of Rs 2,947 crore for the year-ago period, L&T said in a filing to BSE.
Revenue from operations increased 17 per cent to Rs 64,668 crore in the quarter compared to Rs 55,128 crore in the year-ago period, the filing said.
The company said that the revenue growth was on the back of strong order book and ramp-up in execution momentum across its projects and manufacturing businesses.
L&T received its highest-ever quarterly orders of Rs 1,16,036 crore at the group level during the quarter, registering a Y-o-Y growth of 53 per cent.
During the quarter, orders were received across multiple geographies and diverse sectors like thermal power, renewable, power transmission, precision engineering, minerals and metals, water, commercial buildings and hydrocarbon onshore.
The stock rallied 4.94 per cent to Rs 3,588.85 on the BSE.
At the NSE, shares of the firm climbed 4.94 per cent to Rs 3,590.
Larsen & Toubro on Thursday reported a 14 per cent rise in consolidated profit after tax to Rs 3,359 crore for the December quarter on the back of higher revenue from operations.
The company had posted a profit of Rs 2,947 crore for the year-ago period, L&T said in a filing to BSE.
Revenue from operations increased 17 per cent to Rs 64,668 crore in the quarter compared to Rs 55,128 crore in the year-ago period, the filing said.
The company said that the revenue growth was on the back of strong order book and ramp-up in execution momentum across its projects and manufacturing businesses.
L&T received its highest-ever quarterly orders of Rs 1,16,036 crore at the group level during the quarter, registering a Y-o-Y growth of 53 per cent.
During the quarter, orders were received across multiple geographies and diverse sectors like thermal power, renewable, power transmission, precision engineering, minerals and metals, water, commercial buildings and hydrocarbon onshore.
Source: PTI
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
- Vodafone Idea L
- 7.99 (+ 0.88)
- 17529347
- Quadrant Televenture
- 0.34 ( -2.86)
- 16957259
- Srestha Finvest
- 0.57 (+ 1.79)
- 13106884
- G G Engineering
- 1.19 (+ 7.21)
- 12987278
- Sharanam Infra
- 0.86 (+ 1.18)
- 9167834
MORE NEWS

Venus Remedies Partners with UK Firm to Develop...
Venus Remedies has partnered with Infex Therapeutics to develop MET-X, an innovative...
Sundaram Home Finance Targets Rs 400 Cr...
Sundaram Home Finance aims to double disbursements to Rs 400 crore in the Emerging...
Akzo Nobel India Sells Powder Coatings Biz,...
Akzo Nobel India will sell its powder coatings business and international research and...