“…we want to inform you {that a} assembly of the Board of Administrators of the Firm is scheduled to be held on Friday, (*21*) 21, 2025, inter-alia, to search approval for fund elevating by means of debt issue,” Larsen & Toubro stated in a regulatory submitting.
For the third quarter, Larsen & Toubro reported a internet revenue of ₹3,359 crore, registering a progress of 14%, in contrast to the corresponding quarter of the earlier 12 months. The determine was decrease than CNBC-TV18’s ballot of ₹3,762 crore.
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L&T posted consolidated income of ₹64,668 crore for the quarter ended December 31, 2024, registering a year-on-year progress of 17% on the again of a powerful order guide and ramp-up in execution momentum throughout its Tasks and Manufacturing (P&M) companies. Nonetheless, the topline numbers have been greater than CNBC-TV18’s ballot of ₹63,750 crore.
Worldwide revenues through the quarter at ₹32,764 crore constituted 51% of the entire revenues, reflective of improved execution within the worldwide P&M portfolio.
L&T’s Earnings Earlier than Curiosity, Tax, Depreciation and Amortisation (EBITDA) elevated by 8.6% year-on-year to ₹6,255 crore, which was additionally decrease than expectations of ₹6,636 crore, whereas margins stood at 9.7% from 10.5% final 12 months and was additionally decrease than the CNBC-TV8 ballot of 10.4%.
Additionally Learn: L&T shares acquire after bagging order up to ₹5,000 crore in Saudi Arabia
Shares of Larsen and Toubro Ltd ended at ₹3,271.05, up by ₹88.15, or 2.77%, on the BSE.
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