L&T Reports 5% Profit Growth Amid Rising Income

Larsen and Toubro (L&T) posted a 5% increase in consolidated profit after tax of Rs 3,395 crore for the September 2024 quarter. The firm noted a robust performance in projects and manufacturing, alongside a significant order book, underscoring its engineering and construction expertise.

Larsen and Toubro (L&T), a major player in infrastructure, has reported a 5% rise in its consolidated profit after tax, reaching Rs 3,395 crore in the quarter ending September 2024. This growth is attributed to a surge in income, the company reported on Wednesday.

According to a regulatory filing, L&T's consolidated profit after tax for the previous year was Rs 3,223 crore. The company's income rose to Rs 62,655.85 crore during the period under review, up from Rs 52,157.02 crore a year ago. Expenses also saw an increase, escalating to Rs 57,100.76 crore in the September quarter, compared to Rs 47,165.95 crore in the corresponding period last year.

Chairman and Managing Director S N Subrahmanyan stated that despite ongoing global macroeconomic volatility, the company's projects and manufacturing businesses continue to thrive. With a record order book exceeding Rs 5 lakh crore, L&T, an Indian multinational worth USD 27 billion, continues to assert its expertise in engineering, construction, manufacturing, and project management across multiple geographies.

(With inputs from agencies.)