Larsen & Toubro falls despite reporting 13% rise in Q4 consolidated net profit
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Larsen & Toubro is currently trading at Rs. 3324.85, down by 160.35 points or 4.60% from its previous closing of Rs. 3485.20 on the BSE.
The scrip opened at Rs. 3359.95 and has touched a high and low of Rs. 3376.90 and Rs. 3290.00 respectively. So far 164044 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3859.65 on 02-Apr-2024 and a 52 week low of Rs. 2168.65 on 19-May-2023.
Last one week high and low of the scrip stood at Rs. 3613.70 and Rs. 3290.00 respectively. The current market cap of the company is Rs. 457716.54 crore.
The Institutions and Non-Institutions held 62.67% and 37.33% stake in the company respectively.
Larsen & Toubro has reported results for fourth quarter (Q4) and year ended March 31, 2024.
The company has reported 11.22% fall in its net profit at Rs 2,666.07 crore for the quarter under review as compared to Rs 3,002.85 crore for the same quarter in the previous year. However, total income of the company increased by 7.30% at Rs 40,573.76 crore for Q4FY24 as compared Rs 37,814.05 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 12.52% rise in its net profit at Rs 5,003.54 crore for fourth quarter ended March 31, 2024 as compared to Rs 4,446.74 crore for the same quarter in the previous year. Total income of the company increased by 15.31% at Rs 68,120.42 crore for Q4FY24 as compared Rs 59,076.06 crore for the corresponding quarter previous year.
For the year ended March 31, 2024, the company has reported 18.54% rise in net profit at Rs 9,304.33 crore as compared to Rs 7,848.97 crore for the previous year. Total income of the company increased by 14.88% at Rs 1,31,576.45 crore for year under review as compared to Rs 1,14,535.93 crore for year ended March 31, 2023.
For the year ended March 31, 2024, on the consolidated basis, the company has reported 23.33% rise in its net profit at Rs 15569.72 crore as compared to Rs 12624.87 crore for the previous year. Total income of the company increased by 20.94% at Rs 2,25,270.94 crore for year under review as compared to Rs 1,86,269.87crore for year ended March 31, 2023.
