It was not just the government machinery that contributed to the success of the Chandrayaan 3 mission. There were also some private hands that made important contributions to complete this mission. The name of one such company is Larsen & Toubro i.e. L&T. Which published its second quarter results on Wednesday. The company made a profit of around Rs 3.4 billion in the second quarter. Let us also tell you what kind of earnings numbers the company has reported in the second quarter.
The company made huge profits.
L&T, one of the country’s largest infrastructure companies, increased its consolidated net profit by 5 per cent to Rs 3,395 crore for the quarter ended September 2024. The company’s profit has increased due to rising income. L&T released this information to the stock markets. In the same period a year ago, the company made a net profit of Rs 3,223 crore. During the period under review, the company’s consolidated revenue increased to Rs 62,655.85 crore from Rs 52,157.02 crore in the year-ago period. The company’s expenses rose to Rs 57,100.76 crore in the September quarter compared to Rs 47,165.95 crore a year ago.
The company has continuous good performance.
Company Chairman and Managing Director SN Subramanian said that we have recorded strong financial performance despite global macroeconomic instability. The company’s project and manufacturing business continues to perform well. We have an order book of over Rs 5 lakh crore, which is a testament to our proven capabilities in the areas of engineering, construction, manufacturing and project management.
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increase in participation
If we talk about the company’s shares, there has been a rise. According to BSE data, the company’s shares closed at Rs 3,407.10 on Wednesday, up 0.77 per cent. While during the trading session the company’s shares reached the day’s high of Rs 3,438. On June 3, the company’s shares had hit a 52-week high of Rs 3,948.60. When the stock market closed on Wednesday, the company’s market capitalization was Rs 4,68,474.51 crore.
