Engineering Company Declares 10% Surge In PAT, Rs 24 Per Share Dividend

Large cap company, Larsen & Toubro Ltd declared a 10% YoY surge in its consolidated net profit for the March quarter to Rs 3,987 crore. It announced its consolidated revenue from operations at Rs 58,335 crore, 10.4% higher. The board of directors recommended a final dividend of Rs 24 per share. Check details below:

Larsen & Toubro Ltd Declares Rs 24/Share Dividend: According to the BSE filing of the company, "The Board of Directors has recommended a Final Dividend of Rs. 24/- per share of the face value Rs.2/- each (previous year final dividend Rs.22/- per share) and the Company will arrange to pay the same after approval of the shareholders in the ensuing Annual General Meeting."

Larsen & Toubro Ltd Stock Performance & Return: The last trading price of Larsen & Toubro on BSE is Rs 2366.75 per share with intraday fall of 0.30% on BSE. The stock's 52-week high price is Rs 2416.00 per share and 52-week low price is Rs 1456.80 per share, respectively. The company has a market capitalisation of Rs 3,32,642.50 crore. The stock gave return of 47% in last 1-year, 69% return in last 2-years, and 190% return in last 3-years.

The Infrastructure Projects segment secured order inflow of ₹ 117,119 crore, during the year ended March 31, 2023, registering a substantial growth of 25%, as compared to the previous year, on receipt of multiple large value orders across sub-segments. International orders at ₹ 26,184 crore constituted 22% of the total order inflow of the segment during the year, according to the BSE filing.

For the FY2023, the topline surged 17% on year to Rs 1.83 lakh crore and bottomline rallied 21% to Rs 10,471 crore.

Larsen & Toubro About: Larsen & Toubro is an Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services. It operates in over 50 countries worldwide. A strong, customer-focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for over eight decades. It is engaged in core, high impact sectors of the economy and its integrated capabilities span the entire spectrum of 'design to delivery'.