Page 13 - Larsen Toubro

L&T: Order execution, new initiatives key to long-term growth, say analysts

Long-awaited growth pick-up along with muted orders may weigh on Larsen and Toubro's stock in the near-term

L&T consol Q3 PAT down 17% YoY at Rs 2,055 cr on input cost spike

Topline up 11% at Rs 39,563 crore, with infra segment contributing the highest followed by IT & Tech Services and hydrocarbon business

L&T Q3 results: Net profit falls 17% to Rs 2,055 cr; revenue rises 11%

The consolidated order book of the group was at Rs 3.4 trillion as on December 31, 2021, which gives multi-year revenue visibility, the company said in a stock exchange filing

L&T, Axis Bank, Tata Motors among 'top picks' ahead of Budget: ICICI Direct

Brokerage house ICICI Direct has picked Larsen & Toubro shares as its number one pick in a list of 10 stocks ahead of the Union Budget FY23, to be tabled in the Parliament on February 1.

L&T gains 2%, stock up for the 2nd straight day on winning two large orders

The company's water & effluent treatment business received large contracts (ranging between Rs 2,500 and Rs 5,000 crore) from the State Water & Sanitation Mission (SWSM), Uttar Pradesh

L&T's infrastructure business loses ground to IT & technology segment

There has been a rapid rise in the contribution of IT and technology in L&T's consolidated revenues

Larsen & Toubro second quarter profit declines 67% to Rs 1,819 crore

Larsen & Toubro (L&T) on Wednesday reported 67 per cent drop in consolidated net profit at Rs 1,819.45 crore for the quarter ended September 30, 2021. The company had posted a net profit of Rs 5,520.27 crore in the year-ago period, L&T said in a filing to BSE. However, the total income during July-September increased to Rs 35,305.04 crore over Rs 31,593.77 crore in the year-ago period, the filing said. "The consolidated net profit after tax (including exceptional items and discontinued operations) for the quarter at Rs 1,819 crore includes Rs 144 crore gain on divestment of stake in hydel power plant in Uttarakhand (a part of the Development Projects Segment) and tax expense of Rs 47 crore arising on transfer of the NxT Digital Business from the Parent to Mindtree Ltd," it said.

Sensex slips 207pts on late sell-off; Axis Bank sheds 6%, Bajaj Finance 5%

Stock market LIVE: Broader indices also trimmed gains at close; PSU banking shares were in demand, while private banking shares witnessed selling pressure

Larsen & Toubro launches new app-based learning platform

Larsen & Toubro (L&T) on Friday announced the launch of a new application-based learning platform to help create industry-ready talent. L&T EduTech a new industry-led, application-based, practical oriented learning platform, strongly rooted in technology, will straddle the entire gamut of engineering & technology verticals to help create industry-ready talent, the company said in a statement. L&T EduTech aims to future-proof L&T's businesses and bridge the gap that exists today between the competence of young engineers and industry expectations, it said. L&T EduTech will channelise L&T's storehouse of knowledge and expertise gained of having executed some of the most complex and demanding projects over the decades to empower both students and professionals with real world professional skilling to enhance their employability, the statement said.

Here's why Osho Krishan is bullish on Larsen & Toubro, Balkrishna Inds

According to the technical analyst from Anand Rathi, LT is in a secular uptrend and currently hovering above all its major exponential moving averages on daily time frame indicating inherent strength

L&T gains 4% as brokerage Motilal Oswal raises target price to Rs 1,950

L&T is top pick in the wider Capital Goods sector as a proxy to play India's capex story, the brokerage firm said

Subsidiaries drive L&T's market capitalisation; stock gains 2.8%

The m-cap of four listed arms is now equivalent to 82 per cent of the parent company's valuation

ReNew Power enters hydro sector, acquires Larsen & Toubro unit

As part of the deal with L&T, ReNew will take over L&T Utta­ranchal Hydropower, whi­ch owns the Singoli-Bhatwari Hydroelectric Project (SBHEP), from L&T Power Development

Focus on capital formation is the best way to create employment: L&T CEO

In a Q&A, S N Subrahmanyan says he is confident of margins through overhead recovery despite high input costs

Stocks to watch: Tata Motors, L&T, IndiGo, Just Dial, HUDCO, Axis Bank, DRL

Larsen & Toubro (L&T) reported a consolidated net profit at Rs 1,174 crore in the June quarter, up nearly four times from the same period last year on the back of increased revenues

Mindtree completes acquisition of the NxT Digital Business from L&T

Mindtree on Friday said it has completed acquisition of the NxT Digital Business from Larsen and Toubro (L&T). In May this year, Mindtree had announced it will acquire the NxT Digital Business from Larsen and Toubro (L&T) for Rs 198 crore, a move that will enable the mid-sized IT firm to capture opportunities in the Internet of Things (IoT) and Industry 4.0 space. "The company has consummated the acquisition of L&T's digital transformation business undertaking (NxT Digital Business) on July 1, 2021, consequent to completion of customary conditions precedent agreed under the business transfer agreement dated May 20, 2021, between the company and L&T," Mindtree said in a regulatory filing. L&T is also the promoter/holding company of Mindtree with a 61.03 per cent stake in the Bengaluru-based company.

L&T Q4 net rises 3% to Rs 3,293 cr, sees Covid impact on Q1 growth momentum

L&T's order inflows during the March quarter stood at Rs 50,651 crore, which is a decline of 12 per cent over the year-ago period

L&T arm bags contracts worth Rs 2,500-5,000 crore for Chennai Metro

The construction arm of Larsen & Toubro has secured orders worth Rs 2,500-5,000 crore from its heavy civil infrastructure business in India.

Trading ideas by Ventura Securities: Buy Tata Power, Larsen & Toubro

Tata Power's stock has the strength to achieve a target of 140-160 in the coming days

Big groups plan O2 storage, transport; PM Cares Fund for 551 plants

The government is using "linear programming", an operation research tool, to get oxygen to cities from their nearest sources