Page 9 - Larsen & Toubro (l&t)

Larsen & Toubro reports 10% surge in Q4 net profit to Rs 3,987 crore

The company reported a 10 per cent year-on-year rise in revenues of Rs 58,335 crore

L&T Q4 results: PAT rises 10% YoY to Rs 3,987 cr, dividend at Rs 24 a share

The total revenue from operations increased 10.4 per cent YoY to Rs 58,335.15 crore

NDLS latest casualty as budget constraints halt station revamp exercise

L&T quoted more than Rs 8,000 crore for the renovation. However, the government's bid price was around Rs 5,000 crore

L&T Finance Q4 net up 46% to Rs 501 cr on higher loan sales, margin

Retail-focused non-bank lender L&T Finance Holdings on Friday reported a 46 per cent year-on-year jump in consolidated net income to Rs 501 crore for the March 2023 quarter, boosted by better margins as its high-yielding retail book grew at a faster rate. The company said for the full year, the consolidated net income rose 52 per cent to Rs 1,623 crore, as its retail portfolio rose to 75 per cent of the total loan book, up from 51 per cent a year ago, giving it a better margin. The margin expansion was also surprising due to cheaper funds, which declined by 4 bps to 7.46 per cent for the year. At 7.46 per cent, this was the lowest ever yearly weighted average cost of borrowing at 7.46 per cent, down 4 bps compared to FY22, in an environment of rising interest rates, the company said in a statement. The year also saw the highest annual retail disbursements of Rs 42,065 crore, driven by strong growth across all retail segments, which in turn was an accelerated reduction in wholesale

HDFC Securities recommends a BULL SPREAD strategy on Larsen & Toubro

Nandish Shah, Sr. derivatives & technical research analyst, recommends to Buy LARSEN 2300 Call option and simultaneously Sell 2400 Call of the May series.

Stocks to watch: ONGC, IGL, MGL, RIL, L&T, Titan, Adani Group, Delta Corp

Stocks to Watch: Shares of city gas distributors are likely to be in focus today as they react to government's nod for new pricing regime.

L&T is lowest bidder for New Delhi station revamp with Rs 8,740 cr offer

Infra major was in the fray with Shapoorji Pallonji for largest station upgrade project; its submission is over Rs 3,000 crore beyond the Centre's estimate

Stocks to watch: L&T, Coffee Day, Tata Motors, PNC Infratech, Gati, Carysil

Stocks to watch today: From Tata Motors to Coffee Day Enterprises, here are few stocks likely to see action in Tuesday's trade

L&T signs agreement with France's McPhy for electrolyser technology

Under this partnership, McPhy will grant an exclusive license of its pressurised alkaline electrolyser technology to L&T for manufacturing of electrolysers, including future product upgrades

L&T extends gains, up 3% in three days on securing orders worth Rs 9,500 cr

The hydrocarbon business of L&T on Tuesday has secured major (ranging from Rs 5,000 crore to Rs 7,000 crore) contracts for multiple offshore packages from a prestigious overseas client.

BSE Capital Goods index nears record high; Siemens, L&T gain up to 3%

Analysts at Emkay Global Financial Services uphold their constructive view on the sector, driven by its strong tender pipeline, softening commodity prices and expectation of good order inflow growth.

Larsen & Toubro sees private capex revival aiding order inflows: CFO

Companies in metals, mining, energy transition, airports and data centres have driven orders from the private sector in recent quarters, says CFO R Shankar Raman

L&T Q3 results: Net profit rises 24% to Rs 2,553 cr, rev beats estimates

Bloomberg consensus estimates had pegged L&T's net profit for Q3 at Rs 2,570 crore, reveals data compiled by BS Research Bureau

L&T hits record high on hopes of strong order inflows, stock rises 4%

The stock of engineering & construction company surpassed its previous high of Rs 2,210.50, which it had touched on December 16, 2022

L&T partners with H2Carrier to develop floating green hydrogen projects

L&T strongly believes its expertise in ammonia and hydrogen production makes it an 'ideal partner' for H2C in this venture

2023 to be a challenging year due to Covid recurrence, says L&T CEO

Soaring price of oil, gas and other commodities, however, a concern, Subrahmanyan says

L&T gains 2% on 'significant' order wins for its water treatment business

The company did not disclose the exact value of the orders. The value of the project is between Rs 1,000 crore to Rs 2,500 crore, as per L&T

To ease debt, L&T looks to offload Nabha Power, pare Hyd Metro stake

The objective is to reduce the Rs 18,000-crore debt on the books of these firms, said D K Sen, whole-time director and senior executive vice-president (development projects), L&T

Ongoing divestment, healthy order inflows positive for Larsen & Toubro

Analysts expect a 12-15 per cent upside from current levels

L&T, CPPIB divest stake in L&T Infra Projs to Edelweiss SPV for Rs 2,723 cr

Enterprise value pegged at Rs 6,000 crore; portfolio includes 8 roads and one power transmission asset; deal closure likely by end of FY23