Larsen & Toubro plunges on reporting 12.46% fall in Q1 net profit

22 Jul 2013

Larsen & Toubro is currently trading at Rs. 905.90, down by 68.80 points or 7.06% from its previous closing of Rs. 974.70 on the BSE.

The scrip opened at Rs. 975.00 and has touched a high and low of Rs. 988.00 and Rs. 902.00 respectively. So far 1027591 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1146.33 on 29-Oct-2012 and a 52 week low of Rs. 872.00 on 27-Jul-2012.

Last one week high and low of the scrip stood at Rs. 1009.80 and Rs. 959.55 respectively. The current market cap of the company is Rs. 83683.48 crore.

The Institutions holding in the company stood at 52.81% while on-Institutions held at 44.04%.

Larsen & Toubro has reported results for first quarter ended June 30, 2013.

On standalone basis, the company has posted a fall of 12.46% in its net profit at Rs 756.03 crore for the quarter ended June 30, 2013 as compared to Rs 863.65 crore for the same quarter in the previous year. However, total income has increased by 3.69% at Rs 13027.66 crore for quarter under review as compared to Rs 12563.47 crore for the quarter ended June 30, 2012.

Larsen & Toubro is the biggest legacy of two Danish Engineers, who built a world-class organization that is professionally managed and a leader in India's engineering and construction industry. It was the business of cement that brought the young Henning Holck-Larsen and S.K. Toubro into India. 

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