L&T’s Q3 profit dips despite 53 pc surge in orders, rising costs squeeze margins
L&T's revenue rose by 17 per cent at Rs 64,668 crore in Q3FY25, up from Rs 55,128 crore in Q3FY24, according to its stock exchange filing.
Construction engineering major Larsen and Toubro Ltd (L&T) on Tuesday said it shut the principal quarter of FY23 with a lower net in contrast with the relating time of the earlier year. However, L&T shares escalated in early trade on Wednesday.
The organisation said it had posted a revenue of Rs 20,211.69 crore (Q1FY22 Rs 16,607.86 crore) and a benefit after-tax charges of Rs 911.22 crore (Q1FY22 Rs 1,009.48 crore) for the quarter under survey.
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Except for the energy projects division, the organization’s different segments; infrastructure, hi-tech manufacturing, and others – grew their topline.
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On a solidified premise, the L&T group income grew by 22% during the main quarter of FY23 to Rs 35,853 crore and the net benefit by 45% to Rs 1,702 crore over the earlier year’s comparing period.
The organisation got orders worth of Rs 41,805 crore at the group level during the quarter end in June 30, 2022, enlisting a development of 57% over comparing quarter of the earlier year.
(inputs from IANS)
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