L&T Reports Robust Growth Despite Global Economic Challenges

Larsen and Toubro (L&T) recorded a 5% rise in profit after tax, totaling Rs 3,395 crore, for the September 2024 quarter, attributed to increased income. The company also experienced higher expenses and recorded significant order inflows across diverse sectors, demonstrating strong performance amid global economic volatility.

Larsen and Toubro (L&T), a prominent player in the infrastructure domain, announced a 5% increase in its consolidated profit after tax, which amounted to Rs 3,395 crore for the September 2024 quarter. This growth is driven by an uptick in income, as highlighted in the company's filing.

The company's income surged to Rs 62,655.85 crore during the reviewed quarter, up from Rs 52,157.02 crore in the previous year. Meanwhile, expenses also rose, reaching Rs 57,100.76 crore compared to the prior Rs 47,165.95 crore.

R Shankar Raman, President and CFO, affirmed that the order execution remains robust despite macroeconomic challenges. L&T's diverse project portfolio continues to thrive, underscored by a record order book exceeding Rs 5 lakh crore. The company reported substantial order inflows from various segments, indicating a positive outlook for future growth.

(With inputs from agencies.)