The massive engineering and construction company Larsen & Toubro (L&T) said on Tuesday that its consolidated net profit for the quarter that ended on September 30, 2023, increased by 44.5 percent to Rs 3,222.63 crore.
According to L&T’s regulatory filing, the business reported a consolidated net profit of Rs 2,228.97 crore for the same time last year.
From July to September of 2023, the company’s consolidated income climbed to Rs 52,157.02 crore from Rs 43,501.14 crore in the same period the previous year.
“The company for the quarter ended September 30, 2023, posted a consolidated Profit After Tax (PAT) of Rs 3,223 crore, registering a significant growth of 45 per cent compared to the corresponding quarter of the previous year,” the business stated in a statement.
An Indian multinational corporation valued at USD 23 billion, Larsen & Toubro is involved in high-tech manufacturing, engineering, procurement, and construction (EPC) projects. L&T is actively present in more than 50 countries worldwide. With its main office located in Mumbai, Larsen & Toubro Limited is a well-known and sizable enterprise within the Indian private sector. L&T retains leadership in all of its primary business segments and has unparalleled capabilities in Technology, Engineering, Construction, and Manufacturing thanks to its more than eight decades of steadfast customer-focused strategy and unwavering pursuit of world-class quality. L&T has steadily increased its global reach throughout the years due to a push on foreign operations. It has offices and clients all around the world in addition to manufacturing sites in strategic regions.