Larsen & Toubro Q3 net profit rises 24% to Rs 2,552.92 crore

Engineering and construction conglomerate Larsen & Toubro (L&T) on Monday reported a 24.2 per cent rise in consolidated net profit at Rs 2,552.92 crore in the quarter ended December 31, 2022 on the back of higher revenue from operations.

The company had posted a consolidated net profit of Rs 2,054.74 crore in the year-ago period, L&T said in a regulatory filing.

The consolidated revenue from operations of the company in the October-December period increased to Rs 46,389.72 crore, against Rs 39,562.92 crore in the year-ago period.

“Larsen & Toubro achieved consolidated revenues of Rs 46,390 crore for the quarter ended December 31, 2022 recording a Y-o-Y growth of 17 per cent, aided by improved execution in the infrastructure projects segment and continued growth momentum in the information and technology and technology services (IT&TS) portfolio,” the company said.