Larsen and toubro q2 results

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Larsen and toubro q2 results

It reported consolidated net profit of Rs 2, crore in the year-ago period. The company said it saw "improved execution of the large order book and accelerated progress in the Projects and Manufacturing portfolio" in the September quarter. All our businesses — Projects, Manufacturing and Services have grown. During the quarter, we have received the highest ever order inflows in the history of the Company. This shows the faith our customers place on us and is a reflection of our capability to perform and deliver projects on time. This is a testament to our capabilities as a diversified conglomerate present across various geographies. In the near term, we remain cautiously optimistic, considering the recent geopolitical developments. On a cumulative basis, the order inflow for the half-year ended September 30, stood at Rs 1. The consolidated order book is at Rs 4. The company said it is investing Rs crore to set up a unit for semiconductor chip design and product ownership.

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Ramesh has been appointed as an Independent Director of the Company for a term of 5 years with effect from October 31, upto October 30, , subject to approval of shareholders of the company. Headwinds from global economic slowdown and declining global trade continue to pose event risks. While major central banks are signaling a peaking of their rate hike cycle, there are indications that the tight monetary policy stance could persist for longer than expected. The recent conflict in the Middle East has raised concerns about potential increase in crude prices that can worsen the already fragile global economic situation, as the region is a crucial supplier of energy and a key shipping gateway to global trade, said the company. The company backed by its all-round capabilities in engineering, manufacturing, construction, project management and services will continue to focus on operational excellence and cost competitiveness for profitable execution of its large order book. Higher-than-expected sales growth was driven by execution tailwinds in the infrastructure projects segment and sustained growth momentum in the IT and ITeS portfolio, said the infra major in its exchange filing.

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Larsen and toubro q2 results

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Candlestick Screener. Browse Companies:. Continue reading with one of these options:. The engineering behemoth is expected to report a double-digit growth in both revenue and profit, on the back of healthy execution, order backlog, and softening input costs. The company said it is investing Rs crore to set up a unit for semiconductor chip design and product ownership. You are now subscribed to our newsletters. It'll just take a moment. Read full report here. Avail Offer. Stock Screener. Stock analysis. Your session has expired, please login again.

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The company said it saw "improved execution of the large order book and accelerated progress in the Projects and Manufacturing portfolio" in the September quarter. Unlock this story and enjoy all members-only benefits. My Account. In the near term, we remain cautiously optimistic, considering the recent geopolitical developments. Candlestick Screener. Commodities Views News. Strong tender pipeline from domestic as well as exports market is likely to drive order inflows. Rs 49 for 1st month. Investment Ideas. Continue reading with one of these options:. This will alert our moderators to take action. Sign In to Read for Free. Orders inflow was at Rs 40, crore, taking the segment's order book past Rs 1 lakh crore for the first time ever. Stocks Stock Liveblog. Podcasts View Less -.