L&T Soars with 29.8% Profit Surge in June Quarter

Larsen & Toubro shares experienced a significant surge on Wednesday, rising 4.53% at the Bombay Stock Exchange. This followed the infrastructure giant's report of a 29.8% increase in consolidated net profit for the June quarter of the current fiscal year.

The positive performance was largely attributed to strong growth in overseas orders, allowing the company's net profit to reach Rs 3,617.19 crore, up from Rs 2,785.72 crore during the same period last year. This impressive profit growth also influenced its stock performance.

Total consolidated revenue rose to Rs 63,678.92 crore in the April-June period, compared to Rs 55,119.82 crore from the previous year. This 16% year-on-year growth showcased healthy execution across L&T's key projects and manufacturing portfolio, further strengthening its market position.

(With inputs from agencies.)