Business Standard

L&T shares rise nearly 7 pc post Q2 earnings

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Press Trust of India New Delhi

Shares of Larsen and Toubro (L&T) Thursday climbed nearly 7 per cent after the company reported 28.36 per cent jump in its consolidated net profit for the quarter ended September, 2018.

The stock, after a positive opening, further gained 6.44 per cent to Rs 1,382 on the BSE.

On the NSE, shares of the company soared 6.66 per cent to Rs 1,384.

The infrastructure giant Wednesday reported 28.36 per cent jump in its consolidated net profit to Rs 2,593.41 crore for the quarter ended September.

It had clocked a net profit after tax of Rs 2,020.30 crore in the year-ago period.

The company's total consolidated income rose to Rs 32,506.10 crore in the July-September quarter from Rs 26,846.41 crore in the same period of the previous fiscal.

 

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First Published: Nov 01 2018 | 12:55 PM IST

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