L&T Q2 net profit rises 22.5%, revenue up 23% on strong order inflows

In Q2, the company gained from strong order inflows in the domestic market, with consolidated revenue from operations increasing by 23 per cent to Rs 42,763 crore in the period

Engineering major Larsen & Toubro (L&T) on Monday reported a 22.5 per cent growth in consolidated net profit to Rs 2,229 crore for the quarter ended September 30, 2022 (Q2).
 

While the numbers were below street estimates of Rs 2,334 crore for the period according to a poll of analysts by Bloomberg, L&T’s chief financial officer R Shankar Raman said in a media call that the bottomline was stable amid sustained volatility in currency and commodity prices. In the year-ago period, the net profit was Rs 1,819 crore.
 

Sequentially, the net profit was up nearly 31 per cent in Q2,