L&T Q2 Results: Shares of Larsen and Toubro (L&T) surged on Thursday following the release of impressive financial results for the quarter ending September 31, 2024. The stock climbed by 5.6%, reaching ₹3,600 on the NSE during early trading, and was last seen at ₹3,594, up 5.4%. L&T’s market capitalization now stands at ₹4,94,173.17 crore.
In its second-quarter report, L&T announced a consolidated profit after tax (PAT) of ₹3,395 crore, marking a 5% increase from ₹3,223 crore in the same period last year. Revenue for the quarter rose by 21.1% to ₹62,655.85 crore, compared to ₹52,157.02 crore a year earlier.
SN Subrahmanyan, Chairman and Managing Director, noted the company’s strong financial performance amid ongoing global economic challenges. He highlighted L&T’s record order book of over ₹5 lakh crore as evidence of its capabilities in engineering, construction, manufacturing, and project management.
During the July-September quarter, L&T secured orders worth ₹80,045 crore, reflecting a 13% quarter-on-quarter growth but a 10% year-on-year decline. Notably, international orders accounted for 63% of the total inflow, amounting to ₹50,083 crore.
L&T President and CFO R Shankar Raman emphasized strong order execution and maintained a positive outlook for future order inflows. The multinational company, valued at $27 billion, is actively involved in EPC projects and high-tech manufacturing across various regions.
