LARSEN TOUBRO LTD Q3 RESULTS
Delhi airport roof collapse: L&T issues clarification as probe starts
Delhi Airport's T1 roof collapse: Larsen & Toubro (L&T) clarified they didn't build or maintain the collapsed structure, which was constructed by another company in 2009. L&T's involvement with T1 was solely through a 2019 expansion project, unaffected by the collapse, the construction giant said.
ITC, Bharti Airtel’s weight may go up in Nifty rejig. $95 million passive inflows expected
ITC and Bharti Airtel’s weights in Nifty is expected to go up in the quarterly rejig which gets into effect on Thursday, triggering combined inflows of $95 million according to estimates by Nuvama.
Morgan Stanley playing India's infra boom with these 4 stocks
Morgan Stanley expects a 15.3% CAGR in India's infrastructure investments, leading to $1.45 trillion spending over 5 years. They highlight the impact of PM Gati Shakti on project execution and efficiency improvements.
Economists project continued economic momentum and stability after India reports robust GDP growth in Q4
India's economy experienced a 7.8% growth rate in the January-March quarter, surpassing expectations due to strong performance in the manufacturing sector. The GDP growth in the fourth quarter of FY24 was slightly lower than the revised 8.6% growth in the previous quarter. Economists are optimistic about sustained momentum throughout the year, with the gap between GDP and gross value added (GVA) expected to normalize from the second quarter of FY25.
As summer turns extreme, manufacturing firms go the extra mile to keep workers cool
As extreme summer heat leads to increased absenteeism and reduced productivity, manufacturing and engineering firms like Tata Steel, Larsen & Toubro, Nayara Energy, Thermax, and Maruti Suzuki are implementing measures to protect their employees. Initiatives include providing desert coolers, air-conditioned rest areas, and AC transportation, distributing rehydration salts, conducting medical check-ups, and offering doctor consultations. Tata Steel adjusts job schedules to minimize direct sunlight exposure, while L&T extends lunch breaks for outdoor workers.
Buy Larsen & Toubro, target price Rs 3806: Geojit Financial Services
Geojit Financial Services has buy call on Larsen & Toubro Ltd. with a target price of Rs 3806.0. The current market price is Rs 3393.0. Larsen & Toubro Ltd., incorporated in 1946, operates in the Construction sector with key Products/Revenue Segments including Income From Construction Work and Manufacturing. The top management includes Mr.A M Naik and others.
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Investor wealth eroded by Rs 7.3 lakh crore as Sensex crashes 1,000 points. Here are key factors behind the mayhem
The market capitalisation of BSE-listed companies slipped below the Rs 400 lakh crore mark to Rs 393.73 lakh crore. Q4 earnings and election uncertainty have dented the Street sentiments. The volatility index India VIX also spiked 6.5% to 18.20 levels, gaining for an eleventh straight session.
Making Adjustments to Deal with West Asian Crisis, Says L&T CFO
Larsen & Toubro (L&T), a leading engineering firm, saw its stock price drop to a two-month low of Rs 3,290, declining by 6% on the Bombay Stock Exchange (BSE) on Thursday following a reduction in its margin forecast. But L&T remains optimistic about its engineering, procurement, and construction (EPC) sector, as well as its ventures in green energy.
L&T shares fall 6% as brokerages cut target prices after Q4 results. Should you buy or sell?
L&T Share Price: Brokerage firm CLSA reduced its target price to Rs 4,151 but maintained a buy call on the Nifty stock, Motilal Oswal reduced it to Rs 4,000 while Kotak Institutional Equities gave a sell call with a target price of Rs 3,000.
L&T Q4 Results: Net profit rises 10% YoY to Rs 4,396 crore
Consolidated revenue for the quarter stood at Rs 67,079 crore, up 15% on a year-on-year basis. The share of international revenues during the quarter was 45%. CFO said order inflows in Q1 and Q2 of FY25 will be muted.
L&T Q4 Results: Profit jumps 10% YoY to Rs 4,396 crore; dividend declared at Rs 28/share
L&T Q4 Results: The Board has also recommended a final dividend of Rs 28 per share of the face value Rs 2 each for the financial year ended March 2024. L&T received orders worth Rs 3.02 lakh crore at the group level during the year ended March 2024, registering a 31% YoY growth.
Q4 results today: L&T, Hero MotoCorp among 47 companies to announce earnings today
Q4 results today: 47 companies will announce Q4 earnings today, including L&T and Hero MotoCorp. L&T expected to show 17% YoY revenue growth, while Hero MotoCorp may see 14% YoY increase in revenue.
L&T Q4 Results Preview: Profit may rise 11% year-on-year; revenue growth seen healthy
L&T Q4 Results Preview: L&T is primed to demonstrate robust growth in Q4 2024, with revenue projected to surge by up to 17% year-over-year (YoY) and net profit by up to 11% YoY. Key drivers behind this performance include a healthy domestic tender pipeline and margin optimization.
Top Nifty50 stocks analysts suggest buying this week
Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. Simple average of the above-mentioned five component ratings is normally distributed to reach an average score.
Top Nifty50 stocks analysts suggest buying this week
Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. Simple average of the above-mentioned five component ratings is normally distributed to reach an average score.
Buy L&T on dips; worries over FMCG stocks continue: Sudip Bandyopadhyay
Sudip Bandyopadhyay shares insights on various sectors. Recommends quality stocks like Larsen & Toubro and highlights optimism for TCS, concerns in FMCG & chemicals, and potential in commercial real estate and metal sectors. He further says Monday's correction and maybe a few more days’ corrections which we will see, provides a good opportunity to buy some of the quality stocks which have corrected.
Top Nifty50 stocks analysts suggest buying this week
Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. Simple average of the above-mentioned five component ratings is normally distributed to reach an average score.
Margin concerns, uncertainties on overseas orders to weigh on L&T
India’s largest infrastructure company pruned the FY24 guidance for operating margin before depreciation and amortization (EBITDA margin) by 50 basis points to 8.25%-8.5% from 8.5%-9%. The management had earlier guided for a gradual improvement in the margin, mostly in the second half.
L&T Q3 Results: Net profit rises 15% YoY to Rs 2,947 crore
During the quarter, the company received orders worth Rs 75,990 crore at the group level registering a growth of 25% on a year-on-year basis. Orders were received across businesses like offshore verticals of hydrocarbon, solar EPC & Power Transmission, Water Utilities, Buildings & Factories, and Minerals & Metals sectors. International orders at ₹ 50,562 crore during the quarter comprised 67% of the total order inflow.
Q3 results today: Maruti, Sun Pharma, Dabur among 113 companies to announce earnings
Sun Pharmaceuticals and Maruti Suzuki India are among the companies declaring their Q3FY24 earnings. Maruti Suzuki India is expected to report healthy revenue growth, while Sun Pharmaceuticals may see moderate revenue growth.
L&T Q3 Results: Cons PAT rises 16% YoY to Rs 2,947 crore, but trails estimates
L&T Q3 Results: Consolidated revenue from operations rose nearly 19% YoY to Rs 55,128 crore and was higher than the estimated Rs 54,147 crore. The company bagged orders worth Rs 75,990 crore during the December quarter, registering a robust growth of 25% on a YoY basis.
L&T Q3 results today: Dalal Street needs to watch out for these 5 factors in earnings scorecard
L&T Q3 results: Larsen & Toubro Ltd is set to release its earnings for the December quarter today. Analysts expect strong results from the company, driven by strong execution in the infrastructure segment, healthy order inflows, and lower input costs. L&T is viewed as a proxy to India's infrastructure story and has been a top-performing stock. Investors will closely watch the company's outlook for the domestic and international markets, particularly the Middle East. The company is expected to report a 39% YoY growth in net profit, a 17% increase in revenue, and a 21% rise in operating profit.
Q3 results today: L&T, Bajaj Finserv, Dr Reddy's among 95 companies to announce earnings
Q3 results today: Tuesday marks the announcements of December quarter earnings for 95 BSE listed companies. Larsen & Toubro, Bajaj Finserv, and Dr Reddy's Laboratories are the key companies to watch. Other important results include Cochin Shipyard, Blue Star Company, Dwarikesh Sugar Industries, KEC, Mahindra & Mahindra Finance, KPIT Technologies, NDTV, PB Fintech, Star Health and Allied Insurance, Vaibhav Global, VIP Industries, and Voltas.
L&T Q3 preview: Cons PAT may surge 39% YoY on strong execution; FY24 guidance eyed
L&T Q3 preview: L&T's profit on a consolidated basis could grow by 39% year-on-year for the quarter to Rs 3,362 crore, according to the average of estimates given by seven brokerages. This growth will be led by a 17% increase in the consolidated revenue to Rs 54,255 crore.
L&T Technology Services Q3 results: Net profit up 13%, reaffirms guidance
The company reaffirmed its FY24 guidance of 17.5-18.5% revenue growth. Sequentially, profit was up 6.6%. Revenue for the quarter stood at Rs 2,422 crore, up 12.3% YoY and up 1,5% sequentially.
Motilal Oswal tweaks model portfolio ahead of Q3FY24 earnings. Here’s what changed
Motilal remains a “firm believer” in the medium-term India story and expects these trends to strengthen with multiple themes at play viz. financialisation of savings, private capex revival, rising discretionary consumption, strengthening of real estate cycle, and the massive creation of digital and physical infrastructure.
L&T Q2 Results: Net profit jumps 45% YoY to Rs 3,223 crore, beats estimates
Consolidated revenues for the second quarter rose 19% to Rs 51,024 crore, primarily aided by improved execution of the large order book and accelerated progress in the projects and manufacturing portfolio. Energy segment recorded revenues of Rs 6,788 crore in the second quarter, up 22% year-on-year. Order inflows were at Rs 40,141 crore, taking the segment's order book past Rs 1 lakh crore for the first time ever.
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