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L&T shares decline over 3% amid profit booking post March quarter results

The reported net profit was higher than Bloomberg consensus estimate of Rs 3,042 crore, despite the 116 per cent YoY jump in tax expenses to Rs 2,087 crore

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Buzzing stocks | Larsen & Toubro (L&T) | Markets

SI Reporter  |  New Delhi 



Larsen & Toubro
The order inflow or new orders received during Q4 stood at Rs 50,651 crore

Shares of engineering major Larsen and Toubro (L&T) declined 3.3 per cent to Rs 1,368.5 on the BSE in Monday's intra-day deals on the back of profit booking. India’s largest engineering and construction firm on Friday reported a consolidated net profit of Rs 3,293 crore for March quarter of FY21 (Q4FY21), up 3 per cent year-on-year (YoY), on higher revenues and surge in other income.

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First Published: Mon, May 17 2021. 09:52 IST

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