India`s Larsen & Toubro posts Q1 profit beat
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/07/c6dc33e7226bfd8248a255611d7cccac.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
India's Larsen & Toubro reported a bigger-than-expected 46.5% rise in first-quarter profit on Tuesday, boosted by strong performance at its core engineering and construction business, and it also approved buyback of shares worth up to 100 billion rupees.
L&T's consolidated net profit after tax rose to 24.93 billion rupees ($304.53 million) for the quarter ended June 30, from 17.02 billion rupees a year ago.
Analysts, on average, had expected a profit of 19.74 billion rupees, as per Refinitiv IBES data.
![](https://portfolio.investmentguruindia.com/uploads/news/ITSector27Feb.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Firstsource Solutions Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gv_summer vacation_47.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Power Sector_040424.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Indian Railways_54.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/ICICI Direct IMAGE.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/shrey jain.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Kedia Advisory.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/persistent37.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/indianshare1.jpg)