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New Delhi: Shares of construction and engineering giant Larsen & Toubro (L&T) surged over 5 per cent on Thursday, October 31, reaching an intraday high of Rs 3,598.40. This rise in L&T’s stock came after the company posted solid financial results for the September quarter, meeting market expectations.
At 9:23 AM on Thursday, L&T shares were trading at Rs 3,593.45, up 5.47 per cent. In contrast, the BSE Sensex was down by 0.17 per cent, trading at 79,809 points.
L&T Q2 Results: Net Profit
L&T reported a 5.4 per cent year-on-year (Y-o-Y) increase in net profit, which rose to Rs 3,395.3 crore in the September quarter of FY25, compared to Rs 3,223 crore in the same quarter last year.
L&T Q2 Results: Revenue From Operations
The company’s revenue from operations also showed growth, increasing 20.6 per cent to Rs 61,554.6 crore, up from Rs 51,024 crore in the previous fiscal year’s September quarter.
L&T Q2 Results: EBITDA
On the operating front, L&T’s earnings before interest, tax, depreciation, and amortization (Ebitda) rose 13 per cent Y-o-Y to Rs 6,362 crore, compared to Rs 5,632 crore in Q2FY24. However, the Ebitda margin saw a slight decline, reducing by 70 basis points to 10.3 per cent from 11 per cent in the previous year.
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L&T Q2 Results: Order Book
During the quarter ending September 30, 2024, L&T secured orders worth Rs 80,045 crore, a 13 per cent growth from the previous quarter, although down 10 per cent from last year.
What Chairman Said?
Commenting on the company’s performance, Chairman and Managing Director SN Subrahmanyan said, “We have delivered yet another quarter of strong financial performance despite the continuing global macroeconomic volatility. The projects and manufacturing segments of the company continue to perform well.”
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
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