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.

Disclaimer- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader, user and company that are mention on this website. We are not SEBI registered financial advisor or analyst.

No comments:

Post a Comment