Home / Markets / News / L&T gains nearly 2% after Q1 PBT plunges 66% YoY; brokerages remain bullish

L&T gains nearly 2% after Q1 PBT plunges 66% YoY; brokerages remain bullish

L&T booked orders worth Rs 23,574 crore - a 39 per cent drop from the Rs 38,700 crore in Q1FY20.

The company is also working on high-value digital deals such as a project to digitise parent L&T's construction vertical ‘at the core'

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The management refused to provide any guidance. However, executives indicated a revenue ramp-up would take a couple of quarters more.

SI Reporter New Delhi

3 min read Last Updated : Jul 23 2020 | 10:48 AM IST

Shares of Larsen & Toubro (L&T), the infrastructure and construction major, gained nearly 2 per cent on the BSE on Thursday, a day after the company posted a 66 per cent year-on-year (YoY) crash in its profit before tax (PBT) for the April to June 2020 quarter (Q1), owing to the disruption caused by the Covid-19-induced lockdown.

At 09:36 am, the stock was trading 1.22 per cent higher at Rs 932.20 on the BSE. It hit a high of Rs 937.80 (up 1.82 per cent) so far in the trade against yesterday's close of Rs 920.95. In comparison, the S&P

Topics : Lockdown Larsen & Toubro L&T Buzzing stocks Q1 results Markets Sensex Nifty COVID-19

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