 "L&T Q2 net up 7% to Rs 2,770 cr, ordewr book swells to Rs 3 trillion")
Engineering behemoth Larsen & Toubro posted a 6.83 per cent year-on-year rise in net profit at Rs 2,770.43 crore for the quarter ended September 2019, from Rs 2,593.41 crore in the same quarter of 2018.
The firm's consolidated revenues were up 15.16 per cent to Rs 35,328.45 crore.
L&T's order book swelled to about Rs 3.03 trillion on the back of a 20 per cent surge in new contracts, at Rs 48,000 crore. Of this, the global order inflow was about Rs 16,675 crore, or 35 per cent of the total.
The company's stock ended 0.76 per cent down at Rs 1,430.95 on the Bombay Stock exchange. The results came in after the closing bell.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%