 "Larsen & Toubro Q2 profit jumps 23% at Rs 22.30 billion, beats estimate")
Industrial conglomerate Larsen & Toubro Ltd posted a 22.6 pct jump in Sept-quarter net profit, underpinned by higher order intake.
Net profit came in at Rs 22.30 billion in the second quarter, compared with Rs 18.20 billion a year earlier, company said on Wednesday.
Analysts on average had expected the Mumbai-headquartered company to post a net profit of Rs 17.19 billion, according to Refinitiv Eikon data.
Revenue from operations jumped 21.3 per cent to Rs 320.81 billion.
L&T's order book stood at Rs 2.81 trillion, as of September 30, of which, the international order book constituted 22 per cent.
The company recorded a one-off gain of Rs 2.95 billion in the quarter. It had reported an exceptional item of Rs 1.37 billion in the same period last year.
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%