L&T gained 1.88% to Rs 1,821.70 at 9:18 IST on BSE after consolidated net profit rose 28.12% to Rs 3180.41 crore on 12.57% increase in total income to Rs 37227.46 crore in Q4 March 2017 over Q4 March 2016.
The result was announced after market hours yesterday, 29 May 2017.Meanwhile, the S&P BSE Sensex was down 37.05 points, or 0.12%, to 31,072.23.
On BSE, so far 46,000 shares were traded in the counter, compared with average daily volume of 1.90 lakh shares in the past one quarter. The stock hit a low of Rs 1,815.30 so far during the day. The stock hit a high of Rs 1,834 in intraday trade so far, which is 52-week high for the counter. The stock hit a 52-week low of Rs 1,295.30 on 9 November 2016.
The large-cap engineering & construction major has equity capital of Rs 186.65 crore. Face value per share is Rs 2.
L&T's order intake rose 9.6% to Rs 47289 crore in Q4 March 2017 over Q4 March 2016. International order inflow during the quarter at Rs 9044 crore constituted 19% of the order inflow for the quarter.
Consolidated order book of the group stood at level of Rs 261341 crore as at 31 March 2017, higher by 5% on a y-o-y basis. International order book constituted 27% of the total order book.
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Meanwhile, the company's board recommended issue of 1:2 (one bonus share for for every two held) bonus shares.
In its outlook L&T said that the company continues to focus on profitable execution of the large order book, selective order picking, on-time deliveries and operational excellence through digitalization. The company is also emphasizing on cost competitiveness, continuous optimization of working capital, restructuring of its business portfolio and value creation with an aim to enhance its return on equity (ROE).
L&T is a major Indian multinational engaged in technology, engineering, construction, manufacturing and financial services. Its products and systems are marketed in over 30 countries worldwide.
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