Shares of Larsen & Toubro Limited were trading at the price of Rs 2,361.45 on Friday’s early trade. The scrip witnessed an intraday high of Rs 2,364.85 indicating a gain of around 0.90 percent as compared to the previous closing levels of Rs 2,340.40.
In the last year stock has gained 48.10 percent ranging from Rs 1595.10 to the current levels, The company has a market capitalization of Rs 3,31,771 crores.
According to the Exchange filing, the Company’s board of directors announced a Final Dividend of Rs. 24.00 per equity share, equating to 1200 percent of its face value of Rs. 2 each, on the record date of August 2, 2023, for the year ended 31st March 2023.
Larsen & Toubro Limited (L&T) is engaged in engineering, construction, and manufacturing. The company has a presence in domestic and global footprints. The company is also in the business activities of Power, Infrastructure, Electrical & Electronics, and Metallurgical & Material Handling.
As per consolidated financials, Operating revenue for the company climbed from Rs 46,389 crores in Q3 to Rs 58,335 crores in Q4. Similar to this, net profit earnings scaled by 45 percent during the same time period, from Rs 3,065 crore to Rs 4,446 crore.
Revenues grew substantially year on year, from Rs 1,56,521 crores in FY 21-22 to Rs 1,83,340 crores in FY 22-23. Within the same time frame, net profit increased by 135%, from Rs 10,291 crores to Rs 12,624 crores.
Profitability ratios have shifted significantly upwards.ROE has climbed from 10.52% in FY 21-22 to 11.72% percent in FY 22-23, similarly, ROCE has increased from 10.91% to 11.99% and the debt-to-equity ratio is 1.35.
As per the latest shareholding pattern, Foreign institutional investors(FIIs) hold a 24.48 percent stake, Domestic Institutional Investors (DIIs) hold 39 percent and retail investors have a 36.52 percent stake in the company for FY 22-23.
Written By Omkar C
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