Page 4 - L&t

L&T Q2FY24 consolidated net profit tops 44%; offshore revenue shines

It sees no major impact of Israel-Hamas war on West Asia projects

L&T Q2 results: Consolidated profit rises 45% to Rs 3,222.63 crore

Engineering and construction giant Larsen & Toubro (L&T) on Tuesday reported a 44.5 per cent increase in its consolidated net profit to Rs 3,222.63 crore for the quarter ended September 30, 2023. The company had posted a consolidated net profit of Rs 2,228.97 crore in the year-ago period, L&T said in a regulatory filing. The consolidated income of the company during July-September 2023 increased to Rs 52,157.02 crore from Rs 43,501.14 crore in the year-ago period. "The company for the quarter ended September 30, 2023, posted a consolidated Profit After Tax (PAT) of Rs 3,223 crore, registering a significant growth of 45 per cent compared to the corresponding quarter of the previous year," the company said in a statement. Larsen & Toubro is a USD 23 billion Indian multinational engaged in engineering, procurement, and construction (EPC) projects, hi-tech manufacturing and services. It operates in over 50 countries worldwide.

Stocks to Watch: TVS Motor, RIL, Tata Motors, Marico, DLF, Triveni Eng, P&G

Stocks to watch on October 31, 2023: Reliance Jio has made a contrarian call vis-a-vis competitors by deciding not to raise the 5G tariff, which is currently at the same level as 4G

L&T's Power Business wins EPC orders West Bengal Power Development Corp

The Power Transmission & Distribution Business of Larsen & Toubro will set up wet Flue Gas Desulphurization (FGD) systems for its thermal power plant at Sagardighi, West Bengal

Larsen & Toubro up 3% on securing large orders; jumps 49% so far in 2023

L&T's power biz arm on Wednesday bagged orders worth up to Rs 2,500 cr from the WBPDC, while on Tuesday, the transportation infrastructure biz arm received a project worth up to Rs 5,000 cr

L&T's middle east order book swells with Saudi Arabia's construction boom

As of June, L&T reported an outstanding order book of Rs 4.12 trillion, with Rs 1 trillion of these orders originating from the Middle East

India's 'intrapreneur'

A M Naik created an exemplar of professional management

L&T bags Rs 7,000 crore mega contract for underground road tunnel

Engineering and construction conglomerate Larsen & Toubro (L&T) on Friday said it has bagged a mega order worth over Rs 7,000 crore to design and construct an underground road tunnel. The project was won by heavy civil infrastructure business vertical of L&T Construction from Mumbai Metropolitan Region Development Authority (MMRDA). The contract is for design and construction of an underground road tunnel between Orange Gate, Eastern Free Way to Marine Drive coastal road in Mumbai. In a statement, the company said that the scope of work for project comprises design and construction of twin road tunnels using tunnel boring machines (TBMs), connecting these tunnels to the existing elevated Eastern Freeway at Orange Gate near its southern terminal through transition ramps and to Marine Drive in Mumbai. The project is expected to be completed in 54 months. L&T is a USD 23-billion multinational firm which is engaged in engineering, procurement and construction projects, ...

Sensex, Nifty snap 4-day losing run; Bajaj Fin gains 4.5%, IT stocks weigh

Closing Bell on September 25, 2023: The broader markets ended with steady gains with the BSE MidCap index advancing 0.46 per cent, and the BSE SmallCap 0.12 per cent

Rana Kapoor gets relief from SAT; Bain Capital sells 2.82% in L&T Finance

Bain Capital sells 2.82% in L&T Finance

Mid, SmallCap indices sink up to 4% ahead of CPI inflation; benchmarks flat

Closing Bell on September 12, 2023: Among sectors, the Nifty Media index declined nearly 4 per cent, the Nifty Metal index nearly 3 per cent, and the Nifty PSU Bank and Auto indices up to 2.5 per cent

L&T turns ex-date for buyback; zooms 4% on raising buyback price to Rs 3200

The company has revised the buyback price upwards from Rs 3,000 per share to Rs 3,200 per share

Stocks to Watch: L&T, ONGC, Shemaroo, Mazagon Dock, Landmark Cars, Tejas

Stocks to Watch on September 8, 2023: As per a Business Standard report, L&T has secured a multi-billion-dollar contract from Saudi Aramco

L&T joins Rs 4-trillion market cap club; stock gains 4% to hit new high

The company has fixed September 12, 2023 as the record date for the purpose of determining the entitlement and the names of equity shareholders who are eligible to participate in the buyback

Top headlines: Sebi's probe in Adani cos, Maha politics heat up, and more

Business Standard brings you the top headlines at this hour

L&T, MTAR: Chandrayaan-3 component makers reach for the sky at the bourses

India became the first country to land a spacecraft near the moon's south pole with Chandrayaan-3

TMS Ep495: Paytm, district division, L&T buyback, Article 370

What does Paytm's Vijay Shekhar Sharma want? Do smaller districts mean better governance? Should you tender your shares in L&T buyback? What is Article 370? All answers here

I'm paranoid about producing best leaders for the company: L&T's AM Naik

'Now, all national sectors are of interest to me, for instance nuclear'

Tender process for large projects is broken: L&T chairman A M Naik

Citing a survey conducted in January, the L&T chairman said Modi's approval rating is highest at 78 per cent, which is way ahead of US President Joe Biden at 40 per cent

Investments dependent on policies will pause until poll results: L&T CFO

"International funds are available for infrastructure, and there is a benefit in terms of an electoral bias"