L&T Q2 Results 2023: Net profit likely to rise 25%, revenue to grow 18% YoY

In this article, we will talk about L&T Q2 Results. Larsen & Toubro (L&T) is an Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services. It works in more than 50 countries worldwide.L&T, the engineering and construction partnership is set to declare its economic results for the second quarter of FY24 today. Since the news has come on the internet and it went viral on the social media platforms. Now many people are super curious to know about the whole information about the news. Here we have more information about the news and we will share it with you in this article, so let’s continue the article.

L&T Q2 Results

L&T Q2 Results 2023

L&T is anticipated to report powerful profit growth on robust IT, Energy Projects, Hi-Tech Manufacturing, and expansion projects. The fund’s goods firms have been likely to report healthy performance in Q2FY24 owing to the strong opening order books, continued performance momentum, favorable product mix, and more suitable orders from domestic as well as key export markets such as Americas, Africa, Middle East (ME), SAARC, etc. According to average analysts’ assessments, engineering and construction giant Larsen & Toubro (L&T) is predicted to see a 25% year-on-year (YoY) increase in its net profit for the quarter ending September 2023, at 2,786 crores. Scroll down to the next page for more information about the news.

The firm reported net earnings of 2,228.9 crores in the same quarter the previous year. Its net profit in Q1FY24 was 2,493 crores. The company’s revenue in Q2FY24 is estimated to increase to grow 18 percent YoY to 50,460 crores from 42,762.6 crores in the year-ago period. During the July-September 2023 quarter, L&T declared orders in the range of 24,500 crores to 44,500 crores. You are on the right page for more information about the news, so please read the complete article till the end.

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As far as we know, Kotak Institutional Equities ” indicates a 39% YoY increase for H1FY24 for relevant government projects of L&T versus 40% YoY increase over 5MFY24 for the underlying aggregate capex for key clients (center, states, PSUs),”. At the operational level, L&T’s revenues before interest, tax, depreciation, and amortization the expected to increase by 8.8% to 5,329 crores from 4,899.4 crore YoY. But EBITDA margins have been possible to contract by around 96 basis points (bps) to 10.5% from 11.5% on-year. Here we have shared all the information that we had if we get any information then we will update you soon. Stay tuned to us for more updates.

Gurleen Kaur

I'm a science graduate from the Ahmadu Bello University, Nigeria. My passion for writing has brought me to into the field of content.