Ripples Advisory, L&T rises on reporting 36% rise in Q1 consolidated net profit
Larsen & Toubro is currently trading at Rs. 1326.90, up by 6.85 points or 0.52% from its previous closing of Rs. 1320.05 on the BSE.
The scrip opened at Rs. 1339.00 and has touched a high and low of Rs. 1346.80 and Rs. 1325.75 respectively. So far 68431 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1469.60 on 01-Feb-2018 and a 52 week low of Rs. 1114.55 on 22-Aug-2017.
Last one week high and low of the scrip stood at Rs. 1,346.80 and Rs. 1252.20 respectively. The current market cap of the company is Rs. 185035.05 crore.
The Institutions and Non-Institutions held 57.79% and 42.21% stake respectively in the company.
Larsen & Toubro (L&T) has reported a rise of 63.34% in its net profit at Rs 911.80 crore for the quarter ended June 30, 2018, as compared to Rs 558.21 crore for the same quarter in the previous year. Total income of the company increased by 8.46% at Rs 15,720.40 crore for Q1FY19 as compared Rs 14,494.02 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a rise of 36.10% in its net profit at Rs 1,214.78 crore for the quarter under review as compared to Rs 892.54 crore for the same quarter in the previous year. Total consolidated income of the company increased by 17.13% at Rs 28,527.48 crore for Q1FY19 as compared Rs 24,355.52 crore for the corresponding quarter previous year.
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