Larsen & Toubro surges despite reporting 67% fall in Q2 consolidated net profit
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
Larsen & Toubro is currently trading at Rs. 1831.25, up by 48.45 points or 2.72% from its previous closing of Rs. 1782.80 on the BSE.
The scrip opened at Rs. 1793.00 and has touched a high and low of Rs. 1861.00 and Rs. 1793.00 respectively. So far 109498 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1884.90 on 19-Oct-2021 and a 52 week low of Rs. 920.50 on 02-Nov-2020.
Last one week high and low of the scrip stood at Rs. 1861.00 and Rs. 1761.00 respectively. The current market cap of the company is Rs. 257431.31 crore.
The Institutions and Non-Institutions holding in the company stood at 56.20% and 43.80% respectively.
Larsen & Toubro has reported a fall of 69.84% in its net profit from continuing operations and discontinued operations at Rs 2,025.44 crore for the quarter ended September 30, 2021 as compared to Rs 6,716.51 crore for the same quarter in the previous year. However, total income of the company increased by 10.09% at Rs 18,414.70 crore for Q2FY22 as compared Rs 16,726.83 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a fall of 67.04% in its net profit attributed to the owners at Rs 1,819.45 crore for the quarter ended September 30, 2021 as compared to Rs 5,520.27 crore for the same quarter in the previous year. However, total income of the company increased by 11.75% at Rs 35,305.04 crore for Q2FY22 as compared Rs 31,593.77 crore for the corresponding quarter previous year.
