L&T shares gain over 3 pc on Q3 results
Jan 23, 2020, 10:56 IST
New Delhi, Jan 23 () Shares of Larsen & Toubro on Thursday jumped over 3 per cent, a day after the engineering major posted a 15 per cent rise in consolidated net profit for the December 2019 quarter.
On the BSE, the stock touched a high of Rs 1,339.50, up 3.49 per cent over its previous close.
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On the NSE, the scrip rose 3.52 per cent to trade at Rs 1,339.85.
The company on Wednesday reported a 15 per cent rise in its consolidated net profit at Rs 2,560.32 crore for quarter to December 2019, helped by higher revenues from international contracts.
The company had posted a consolidated profit after tax of Rs 2,218.68 crore in the same period a year ago.
Its consolidated total income during October-December increased to Rs 36,717.60 crore, against Rs 34,823.08 crore in Q3 FY19. RUJ ANS ANS(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)