Larsen and toubro q2 results

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Larsen and toubro q2 results

Ramesh has been appointed as an Independent Director of the Company for a term of 5 years with effect from October 31, upto October 30, , subject to approval of shareholders of the company. Headwinds from global economic slowdown and declining global trade continue to pose event risks. While major central banks are signaling a peaking of their rate hike cycle, there are indications that the tight monetary policy stance could persist for longer than expected. The recent conflict in the Middle East has raised concerns about potential increase in crude prices that can worsen the already fragile global economic situation, as the region is a crucial supplier of energy and a key shipping gateway to global trade, said the company. The company backed by its all-round capabilities in engineering, manufacturing, construction, project management and services will continue to focus on operational excellence and cost competitiveness for profitable execution of its large order book. Higher-than-expected sales growth was driven by execution tailwinds in the infrastructure projects segment and sustained growth momentum in the IT and ITeS portfolio, said the infra major in its exchange filing. All our businesses — Projects, Manufacturing and Services have grown. During the quarter, we have received the highest ever order inflows in the history of the company. The company has successfully completed the first ever Buyback of Equity Shares during the quarter, in alignment with our long-term Lakshya plan to enhance shareholder value. In the near term, we remain cautiously optimistic, considering the recent geopolitical developments.

All our businesses — Projects, Manufacturing and Services have grown. Unlock this story and enjoy all members-only benefits.

Mutual Funds. ET TV. More Menu. The management had earlier guided for a gradual improvement in the margin, mostly in the second half. Maruti Suzuki India is expected to report healthy revenue growth, while Sun Pharmaceuticals may see moderate revenue growth. All News Videos.

Comments are moderated and will be allowed if they are about the topic and not abusive. Choose your reason below and click on the Report button. This will alert our moderators to take action. Nifty 22, Mutual Funds.

Larsen and toubro q2 results

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Revenue for the quarter stood at Rs 2, crore, up Commodities Views News. Comments are moderated and will be allowed if they are about the topic and not abusive. Analysts expect strong results from the company, driven by strong execution in the infrastructure segment, healthy order inflows, and lower input costs. Join Our WhatsApp Channel. This is an exclusive story available for selected readers only. However, the stock gave up early gains and was trading marginally lower. Stock Reports Plus New. Sign in. Rate Story. Candlestick Screener. You are just one step away from creating your watchlist! Fill in your details: Will be displayed Will not be displayed Will be displayed.

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CryptoCurrencies View Less -. Limited Access. Abc Large. Forex Forex News. Investment Ideas. Stock Price Quotes. Stock Screener. You are just one step away from creating your watchlist! For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds. Choose your reason below and click on the Report button. Higher-than-expected sales growth was driven by execution tailwinds in the infrastructure projects segment and sustained growth momentum in the IT and ITeS portfolio, said the infra major in its exchange filing. Nifty 50 closed the day at 19, Comments are moderated and will be allowed if they are about the topic and not abusive. This will alert our moderators to take action Name Reason for reporting: Foul language Slanderous Inciting hatred against a certain community Others.