financetom
Business
financetom
/
Business
/
L&T Q2 profit rises 13% to Rs 2,527 crore
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
L&T Q2 profit rises 13% to Rs 2,527 crore
Oct 23, 2019 8:35 AM

Larsen & Toubro on Wednesday posted over 13 percent rise in its consolidated profit after tax at Rs 2,527.26 crore for the quarter ended September 30. The company had posted a consolidated PAT of Rs 2,230.49 crore in the year-ago period, Larsen & Toubro said in a filing to the BSE.

"The overall PAT at Rs 2,527 crore, including the PAT from discontinued operations for the quarter ended September 30, 2019, grew by 13.3 percent over the corresponding quarter of the previous (financial year)," the company said in a statement.

Revenue also shot up 15.2 percent at Rs 35,328 crore versus Rs 30,678.1 crore compared annually.

EBITDA was up 13.5 percent at Rs 4,021 crore versus Rs 3,542 crore, when compared to the same period last year.

The consolidated total income during the July-September quarter increased to Rs 35,924.89 crore, over Rs 31,086.59 crore in the year-ago period, the filing said.

Consolidated PAT from continuing operations for the quarter ended September 30 was Rs 2,309 crore, registering a growth of 10.3 percent over the corresponding quarter of the previous year, the statement said.

The company won new orders worth Rs 48,292 crore at the group level during the quarter ended September 30, registering a year-on-year growth of 20 percent.

(With PTI inputs)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Johnson & Johnson Signs Licensing Deal for Kaken's Program for Autoimmune, Allergic Diseases
Johnson & Johnson Signs Licensing Deal for Kaken's Program for Autoimmune, Allergic Diseases
Dec 26, 2024
11:30 AM EST, 12/26/2024 (MT Newswires) -- Johnson & Johnson ( JNJ ) said Thursday it signed an exclusive licensing deal for the global development, manufacturing and commercialization of Kaken Pharmaceutical's STAT6 program for atopic dermatitis and other autoimmune and allergic diseases. The program includes the company's lead candidate, KP-723, which is expected to start phase 1 trials in atopic...
Microsoft to Offer Impartner's Cloud-Based Software Product on Azure Marketplace
Microsoft to Offer Impartner's Cloud-Based Software Product on Azure Marketplace
Dec 26, 2024
11:41 AM EST, 12/26/2024 (MT Newswires) -- Microsoft's ( MSFT ) Azure Marketplace, the tech giant's online store for cloud solutions and applications, is now offering Impartner's Partner Relationship Management software product, Impartner said Thursday. Cloud-based services that are available in Azure Marketplace are also designed to work with the Microsoft Azure cloud computing platform. Financial details weren't disclosed. Price:...
Atlassian Insider Sold Shares Worth $2,005,535, According to a Recent SEC Filing
Atlassian Insider Sold Shares Worth $2,005,535, According to a Recent SEC Filing
Dec 26, 2024
11:36 AM EST, 12/26/2024 (MT Newswires) -- Michael Cannon-Brookes, 10% Owner, Director, CEO, Co-Founder, on December 23, 2024, sold 7,948 shares in Atlassian ( TEAM ) for $2,005,535. Following the Form 4 filing with the SEC, Cannon-Brookes has control over a total of 39,740 shares of the company, with 39,740 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1650372/000156218024008580/xslF345X05/primarydocument.xml Price: 255.54, Change: -1.95, Percent...
Atlassian Insider Sold Shares Worth $2,028,739, According to a Recent SEC Filing
Atlassian Insider Sold Shares Worth $2,028,739, According to a Recent SEC Filing
Dec 26, 2024
11:36 AM EST, 12/26/2024 (MT Newswires) -- Scott Farquhar, 10% Owner, Director, on December 24, 2024, sold 7,948 shares in Atlassian ( TEAM ) for $2,028,739. Following the Form 4 filing with the SEC, Farquhar has control over a total of 31,792 shares of the company, with 31,792 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1650372/000156218024008581/xslF345X05/primarydocument.xml Price: 255.54, Change: -1.95, Percent Change: -0.76...
Copyright 2023-2026 - www.financetom.com All Rights Reserved