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Larsen & Toubro gains 4% post Q2 results, strong order book position

The growth is mainly driven by higher profits in the IT&TS portfolio and improved margins from the projects & manufacturing portfolio.

Larsen and Toubro
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Image: iSTOCK

SI Reporter Mumbai
Shares of Larsen & Toubro (L&T) were up 4 per cent at Rs 1,861 on the BSE in Thursday’s intra-day trade after the company posted a healthy operational performance for the quarter ended September 2021 (Q2FY22). The company’s order backlog remains strong at Rs 3.3 trillion. The stock of construction & engineering major had hit a record high of Rs 1,884.90 on October 19, 2021.

L&T said it has bagged orders worth Rs 42,140 crore during Q2FY22, registering a robust growth of 50 per cent compared with the corresponding period of the previous year. Orders were received in various