Page 3 - Larsen & Toubro

L&T Q4 net increases 10% to Rs 3,621 cr, firm declares dividend of Rs 22

L&T admitted that volatility in the price of crude oil and other commodities owing to geopolitical uncertainties was pushing up input prices

Top headlines: Retail inflation soars to 7.79% in Apr; L&T Q4 net rises 10%

Business Standard brings you the top headlines on Thursday

L&T Infotech, Mindtree may be merged to create $22-billion firm

For L&T, this merger ties in with the group's vision of becoming more services-oriented

Firms rush to tap into green hydrogen, three top cos corner large share

Greenko-John Cockeril latest to join league; RIL, L&T, Adani together set aside investment of nearly Rs 6 trillion, say analysts

L1 bidder HAL-L&T combine to deliver PSLV rocket in 2024

The Hindustan Aeronautics Ltd and Larsen & Toubro Ltd (L&T) consortium has turned out to the lowest price bidder for making five Polar Satellite Launch Vehicle (PSLV) XL variant rocket out of the three who had bid, said a space sector official.

Current slowdown could be temporary, multiple long-term triggers in L&T

Q4 is expected to be soft and any corrections could offer a good entry in the stock

IOC, L&T, ReNew announce joint venture for India green hydrogen business

IndianOil and L&T to form separate JV to manufacture and sell electrolysers.

Flight control system integration facility for DRDO built in 45 days: L&T

Larsen & Toubro (L&T) on Monday said that it has constructed a seven-storey state-of-the-art flight control system integration facility for the Defence Research and Development Organization in just 45 days. The facility was inaugurated on March 17 by defence minister Rajnath Singh. "The buildings business of Larsen & Toubro has set a record by constructing the 7-storey, state-of-the-art Flight Control System (FCS) integration facility for the Defence Research and Development Organization (DRDO) in just 45 days using Integrated Hybrid Modular Construction Technology (IHMCT)," the company said in a statement. This facility shows that India can build anything in a short span of time, DRDO Chairman G Satheesh Reddy said. The project commenced on February 1, 2022, and the building has been constructed on 1,30,000 sq feet.

Larsen and Toubro spends Rs 150 crore on CSR activities in FY21

Engineering conglomerate Larsen and Toubro (L&T) spent Rs 150 crore in FY'21 on corporate social responsibility activities, impacting 1.21 million beneficiaries. The beginning of the current year was noteworthy for L&T's efforts in corporate social responsibility (CSR) as the company's CSR team handed over two Integrated Community Development Projects (ICDPs) to the Tamil Nadu government's agriculture department at Kalangal village in Sulur block, an area that till recently was one of the most water-scarce places in the state. "With a CSR spend of Rs 1.5 billion in FY'21, 108 partners and several thousand suppliers and contractors, L&T's social initiatives have touched 1.21 million beneficiaries," the company said. The company said in building India's social infrastructure, the aim is to improve the quality of life, mitigate social inequalities, build self-sufficiency and help individuals achieve their true potential. The CSR team's various interventions in water and ...

L&T: Order execution, new initiatives key to long-term growth, say analysts

Long-awaited growth pick-up along with muted orders may weigh on Larsen and Toubro's stock in the near-term

L&T consol Q3 PAT down 17% YoY at Rs 2,055 cr on input cost spike

Topline up 11% at Rs 39,563 crore, with infra segment contributing the highest followed by IT & Tech Services and hydrocarbon business

L&T Q3 results: Net profit falls 17% to Rs 2,055 cr; revenue rises 11%

The consolidated order book of the group was at Rs 3.4 trillion as on December 31, 2021, which gives multi-year revenue visibility, the company said in a stock exchange filing

L&T, Axis Bank, Tata Motors among 'top picks' ahead of Budget: ICICI Direct

Brokerage house ICICI Direct has picked Larsen & Toubro shares as its number one pick in a list of 10 stocks ahead of the Union Budget FY23, to be tabled in the Parliament on February 1.

L&T gains 2%, stock up for the 2nd straight day on winning two large orders

The company's water & effluent treatment business received large contracts (ranging between Rs 2,500 and Rs 5,000 crore) from the State Water & Sanitation Mission (SWSM), Uttar Pradesh

L&T's infrastructure business loses ground to IT & technology segment

There has been a rapid rise in the contribution of IT and technology in L&T's consolidated revenues

Larsen & Toubro second quarter profit declines 67% to Rs 1,819 crore

Larsen & Toubro (L&T) on Wednesday reported 67 per cent drop in consolidated net profit at Rs 1,819.45 crore for the quarter ended September 30, 2021. The company had posted a net profit of Rs 5,520.27 crore in the year-ago period, L&T said in a filing to BSE. However, the total income during July-September increased to Rs 35,305.04 crore over Rs 31,593.77 crore in the year-ago period, the filing said. "The consolidated net profit after tax (including exceptional items and discontinued operations) for the quarter at Rs 1,819 crore includes Rs 144 crore gain on divestment of stake in hydel power plant in Uttarakhand (a part of the Development Projects Segment) and tax expense of Rs 47 crore arising on transfer of the NxT Digital Business from the Parent to Mindtree Ltd," it said.

Sensex slips 207pts on late sell-off; Axis Bank sheds 6%, Bajaj Finance 5%

Stock market LIVE: Broader indices also trimmed gains at close; PSU banking shares were in demand, while private banking shares witnessed selling pressure

Larsen & Toubro launches new app-based learning platform

Larsen & Toubro (L&T) on Friday announced the launch of a new application-based learning platform to help create industry-ready talent. L&T EduTech a new industry-led, application-based, practical oriented learning platform, strongly rooted in technology, will straddle the entire gamut of engineering & technology verticals to help create industry-ready talent, the company said in a statement. L&T EduTech aims to future-proof L&T's businesses and bridge the gap that exists today between the competence of young engineers and industry expectations, it said. L&T EduTech will channelise L&T's storehouse of knowledge and expertise gained of having executed some of the most complex and demanding projects over the decades to empower both students and professionals with real world professional skilling to enhance their employability, the statement said.

Here's why Osho Krishan is bullish on Larsen & Toubro, Balkrishna Inds

According to the technical analyst from Anand Rathi, LT is in a secular uptrend and currently hovering above all its major exponential moving averages on daily time frame indicating inherent strength

L&T gains 4% as brokerage Motilal Oswal raises target price to Rs 1,950

L&T is top pick in the wider Capital Goods sector as a proxy to play India's capex story, the brokerage firm said