It was not only the government machinery that had a hand in making Chandrayaan 3 mission successful. There were also some private hands who made important contributions in completing this mission. The name of one of those companies is Larsen & Toubro i.e. L&T. Which has released its second quarter results on Wednesday. The company has made a profit of about Rs 3400 crore in the second quarter. Let us also tell you what kind of earnings figures the company has presented in the second quarter.
The company made huge profits
L&T, one of the country’s largest infra companies, increased its consolidated net profit by 5 percent to Rs 3,395 crore for the quarter ending September 2024. The company’s profit has increased due to increase in income. L&T gave this information to the stock markets. In the same period a year ago, the company had earned a net profit of Rs 3,223 crore. During the period under review, the company’s consolidated income increased to Rs 62,655.85 crore from Rs 52,157.02 crore in the same period a year ago. The company’s expenses increased to Rs 57,100.76 crore in the September quarter as compared to Rs 47,165.95 crore a year ago.
The company is continuously performing well
Company Chairman and Managing Director SN Subramanian said that we have recorded strong financial performance despite global macroeconomic instability. The project and manufacturing business of the company continues to perform well. We have an order book of over Rs 5 lakh crore which is a testament to our proven capability in the areas of engineering, construction, manufacturing and project management.
increase in share
If we talk about the shares of the company, there has been a rise. According to BSE data, the company’s shares closed at Rs 3407.10 on Wednesday with a rise of 0.77 percent. Whereas during the trading session the company’s shares reached the day’s high of Rs 3438. On June 3, the company’s shares had reached a 52-week high of Rs 3,948.60. When the stock market closed on Wednesday, the market cap of the company was Rs 4,68,474.51 crore.
