Larsen & Toubro shares climb practically 4% after June quarter earnings

Shares of Larsen & Toubro (L&T) climbed practically 4 per cent in morning commerce on Wednesday after the corporate’s consolidated internet revenue elevated 44.9 per cent within the June quarter this 12 months.

The inventory jumped 3.62 per cent to Rs 1,814.30 on the BSE.

At the NSE, it superior 3.58 per cent to Rs 1,814 apiece.

Engineering and development conglomerate Larsen & Toubro on Tuesday mentioned its consolidated internet revenue elevated 44.9 per cent to Rs 1,702.07 crore within the June 2022 quarter on account of larger income from operations.

The firm had posted a consolidated internet revenue of Rs 1,174.44 crore within the year-ago interval, L&T mentioned in a inventory change submitting on Tuesday.

The consolidated income from operations of the corporate throughout April-June interval elevated to Rs 35,853.20 crore from Rs 29,334.73 crore within the year-ago interval, the submitting added.