L&T Surges on Strong Profit Growth Amidst Market Decline

Larsen & Toubro reported a 25% increase in consolidated Profit After Tax for the quarter ending March 2025, leading to a nearly 4% rise in share prices. Despite broader market declines, L&T's performance was buoyed by higher revenues and exceptional gains, indicating a successful fiscal year.

Larsen & Toubro (L&T), an infrastructure giant, saw its shares rise nearly 4% on Friday, boosted by a 25% increase in consolidated Profit After Tax (PAT) for the quarter ending March 2025.

On the Bombay Stock Exchange, L&T's stock closed at Rs 3,445.70 after climbing 3.77%, while it increased by 3.83% to Rs 3,451.40 on the NSE. Prices peaked at Rs 3,477.55 and Rs 3,477 respectively during intra-day trades.

Despite a broader market decrease, with the BSE and NSE indices falling over 1%, L&T's revenue growth and exceptional financial performance in a challenging environment have driven investor confidence.

(With inputs from agencies.)