Larsen & Toubro (L&T) shares are currently trading at Rs. 3580.00, reflecting an increase of 60.60 points or 1.72% from the previous closing price of Rs. 3519.40 on the BSE.
The stock opened at Rs. 3548.95, reaching a high of Rs. 3606.25 and a low of Rs. 3536.15 during the trading session. A total of 58,821 shares have been traded so far.
L&T, a BSE group 'A' stock with a face value of Rs. 2, reached a 52-week high of Rs. 3948.60 on June 3, 2024, and a 52-week low of Rs. 2586.75 on August 25, 2023. Over the past week, the stock's high and low have been Rs. 3714.00 and Rs. 3461.00 respectively. The company's current market capitalization stands at Rs. 492,165.67 crore.
Institutional and non-institutional investors hold 61.98% and 38.01% of the company’s shares respectively.
Larsen & Toubro reported a 65.22% increase in its net profit, amounting to Rs. 2,961.34 crore for the first quarter ending June 30, 2024 (Q1FY25), compared to Rs. 1,792.36 crore for the same quarter the previous year. The company's total income rose by 17.77% to Rs. 32,727.27 crore for Q1FY25, up from Rs. 27,788.77 crore for the corresponding quarter last year.
On a consolidated basis, L&T's net profit increased by 10.40% to Rs. 3,440.11 crore for Q1FY25, compared to Rs. 3,116.12 crore in the same quarter the previous year. The company's total income also saw a 14.30% increase, reaching Rs. 56,040.46 crore for Q1FY25, compared to Rs. 49,027.93 crore for the corresponding quarter last year.