Larsen & Toubro's net profit increases by 15% to Rs 2,947 crore in the third quarter.
In Q3 FY24, Larsen & Toubro saw a 15.45% surge in consolidated net profit, reaching Rs 2,947.36 crore, accompanied by an 18.84% rise in revenue from operations to Rs 55,127.82 crore compared to Q3 FY23.
On Tuesday, Larsen and Toubro (L&T), a leading infrastructure firm, announced a 15% increase in consolidated profit after tax to Rs 2,947 crore for the December quarter, attributed to higher income. This marks a rise from the Rs 2,553 crore consolidated PAT reported in the corresponding period last year.
According to an exchange filing, the company's consolidated income for the October-December period surged to Rs 55,966 crore from Rs 47,145 crore in the previous year.
L&T's Chairman and Managing Director, S N Subrahmanyan, remarked that despite challenges stemming from a volatile global environment, the company achieved another quarter of robust performance.
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