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L&T gains 2% post December quarter results; analysts see further upside

During Q3FY21, L&T's standalone adjusted net profit came in at Rs 1,705 crore against Rs 1,261 crore in Q3FY20

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Larsen & Tourbo L&T | Buzzing stocks | Markets

SI Reporter  |  Mumbai 

Larsen and Toubro
According to Antique Broking, the long-term business prospects of L&T remain promising

Shares of Larsen & Toubro (L&T) rose 2 per cent to Rs 1,393 on the BSE in intra-day trade on Wednesday after the company reported better-than-expected December quarter numbers. The consolidated net profit during the said quarter stood at Rs 2,467 crore, up nearly 5 per cent from the same period last year. On a consolidated basis, adjusted revenues from continuing operations fell 1.8 per cent YoY to Rs 35,596 crore.

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First Published: Wed, January 27 2021. 09:23 IST
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