L&T Shares Soar on Impressive Q2 Profit Growth

Larsen and Toubro (L&T) witnessed a significant surge in its share price, climbing over 6.50% after declaring a 5% increase in consolidated profit after tax for the quarter ending September 2024. This achievement reflects strong financial performance despite economic challenges and a substantial order book.

The shares of Larsen and Toubro (L&T) skyrocketed more than 6.50% on Thursday following the announcement of a 5% rise in consolidated profit after tax for the quarter ending September 30, 2024.

On the BSE, L&T's stock leaped 6.59% to reach Rs 3,633.65, while at the NSE, the shares surged 6.50% to Rs 3,630, emerging as the top gainer among the 30-share Sensex firms.

The company reported a consolidated profit after tax of Rs 3,395 crore, up from Rs 3,223 crore a year ago, driven by increased income and a robust order book exceeding Rs 5 lakh crore.

(With inputs from agencies.)