Thursday, October 28, 2021

L&T Profit Declines 67% in Q2fy22 | Stock Outlook

    


L&T Profit Declines 67% To ₹ 1,819 Crore In September Quarter, Revenue Up 12%


The country's leading infrastructure major Larsen & Toubro (L&T) announced its July-September quarter results for the financial year 2021-22, reporting a net profit of ₹ 1,819 crore on a consolidated basis, compared to ₹ 5,520 crore in the corresponding period last year, marking a decline of 87 per cent yar-on-year.

The company's revenue from operations in the second quarter of the current fiscal stood at ₹ 34,773 crore, compared to ₹ 31,034.74 crore, registering a growth of 12 per cent year-on-year.

Stock Outlook

Stock can remain sideways in short term with 1704 - 1664 support zone. Long term still intact in upside.


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