Larsen & Toubro posts 15% yoy rise in PAT for Q3FY20

Larsen & Toubro posts 15% yoy rise in PAT for Q3FY20
Larsen & Toubro reported its Q3FY20 results on Wednesday. The capital goods major reported a net profit of Rs2,352cr in the quarter, a growth of 15% yoy.

The company's consolidated gross revenue stood at Rs36,243cr from continuing operations, a rise of 6% yoy.

The consolidated order book of the group stood at  Rs3.06 lakh cr as of December 31, 2019, posting a growth of 8% over December 2018.
The company successfully won new orders worth Rs41,579cr during the quarter ended December 31, 2019. International orders rose to Rs17,901cr.

Stock view:
Larsen & Toubro Ltd ended at Rs1,294.25 down by Rs8.35 or 0.64% from its previous closing of Rs1,302.60 on the BSE.




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