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.

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Larsen and toubro q2 results

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. 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. The company has successfully completed the first ever Buyback of Equity Shares during the quarter, in alignment with our long-term Lakshya plan to enhance shareholder value. In the near term, we remain cautiously optimistic, considering the recent geopolitical developments. Snapping their two-day winning run, frontline indices Nifty 50 and the Sensex resumed their downward march on Tuesday, October 31, amid mixed global cues. Nifty 50 closed the day at 19, However, the stock has risen over 8. Strong tender pipeline from domestic as well as exports market is likely to drive order inflows.

Stock Price Quotes. Order inflows were at Rs 40, crore, taking the segment's order book past Rs 1 lakh crore for the first time ever. Cryptocurrency Crypto News.

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Larsen and toubro q2 results

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You are just one step away from creating your watchlist! View More Stories. Live Blog. Crypto TV. Stocks Auto World. 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. Stock Reports Plus New. All our businesses — Projects, Manufacturing and Services have grown. In the near term, we remain cautiously optimistic, considering the recent geopolitical developments. Wait for it… Oops! Download the App to get 14 days of unlimited access to Mint Premium absolutely free! Post your comment. Forex Forex News.

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Motilal Oswal tweaks model portfolio ahead of Q3FY24 earnings. Simple average of the above-mentioned five component ratings is normally distributed to reach an average score. Fill in your details: Will be displayed Will not be displayed Will be displayed. On a cumulative basis, the order inflow for the half-year ended September 30, stood at Rs 1. CryptoCurrencies View Less -. Strong tender pipeline from domestic as well as exports market is likely to drive order inflows, analysts said. Market Calendar. Recommended For You. Markets Data. Headwinds from global economic slowdown and declining global trade continue to pose event risks. Read full report here. Markets Data.