L&T rises on reporting 39% jump in Q3 consolidated net profit

30 Jan 2017

Larsen & Toubro (L&T) is currently trading at Rs. 1449.35, up by 9.70 points or 0.67% from its previous closing of Rs. 1439.65 on the BSE.

The scrip opened at Rs. 1447.00 and has touched a high and low of Rs. 1466.50 and Rs. 1440.00 respectively. So far 58,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1615.00 on 27-Jul-2016 and a 52 week low of Rs. 1016.60 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 1469.50 and Rs. 1383.00 respectively. The current market cap of the company is Rs. 1,35,284.00 crore.

The Institutions and Non-Institutions held 56.73% and 43.26% respectively in the company.

The company has reported 16.59% rise in its net profit at Rs 934.18 crore for third quarter ended December 31, 2016 as compared to Rs 801.27 crore for the same quarter in the previous year. Total income of the company increased marginally at Rs 16444.94 crore for the quarter under review as compared to Rs 16444.90 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 38.86% rise in its net profit after tax, non-controlling interest and share in profit of joint ventures / associates at Rs 972.47 crore for the quarter ended December 31, 2016, as compared to Rs 700.34 crore for the same quarter in the previous year. Total income of the company increased by 1.43% to Rs 26543.81 crore for quarter under review from Rs 26169.10 crore for the quarter ended December 31, 2015.


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