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.
Shares of Larsen & Toubro (L&T) rallied 10 per cent to Rs 6,496.40 on the National Stock Exchange (NSE) in Tuesday’s intra-day trade after the company reported the strongest sequential revenue growth, its best ever for the July-September quarter (Q2), at 8.9 per cent in constant currency terms.
The stock of the L&T group information technology (IT) consulting & software company was trading close to its record high of Rs 6,498.50 touched on September 24, 2021.
Shares of Larsen & Toubro (L&T) hit a record high of Rs 1,648.40, up 1.6 per cent on the BSE in intra-day trade on Friday, after the company’s heavy engineering arm won an order for Oxidation Reactor from Technip Energies-India. However, the company has not yet disclosed order size. The stock surpassed its previous high of Rs 1,647 hit on July 22, 2021.
The order, according to the company, is for the technologically critical Titanium Clad Reactor is for a public sector petrochemical project for purified Terephthalic Acid plant.
India’s largest engineering and construction (E&C) player, Larsen & Toubro’s (L&T’s) consolidated revenue is expected to witness a double-digit year-on-year growth in the March quarter (Q4), according to most analysts, led by higher execution in a seasonally strong quarter and a low base.
The consolidated revenue growth will be largely led by a healthy 44 per cent year-on-year (YoY) growth in the infra segment, said analysts at CLSA in a report.
Infrastructure company Larsen & Toubro (L&T) on Tuesday said it has received multiple orders across its business segments in the domestic market.
The company did not provide the value of the contracts but said the orders fall under the significant category, which ranges between Rs 1,000 crore and Rs 2,500 crore according to the classification of contracts.
The construction arm of L&T has bagged a contract from the Nuclear Power Corporation of India Limited (NPCIL) for civil work at the main plant of Kudankulam Nuclear Power Plant's units 5&6 (KNPP 5&6 – 2X1000 MWe) .
While the company did not disclose the value of the order, it generally classifies as significant, if the value is in the range of around Rs 1,000-2,500 crore.
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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