Larsen & Toubro Ltd is in the Infrastructure Developers & Operation sector is having a Market Capitalization worth Rs. 223,837.85 crores, it is incorporated in the year 1938. It has reported consolidated sales of Rs. 48,087.90 crores in March’2021. The company is listed on the Bombay Stock Exchange (BSE) with the code 500150, and also listed on the National Stock Exchange (NSE) with the code LT.
Larsen & Toubro commonly known as "L&T" is an Indian international conglomerate. L&T has business operations in the field of engineering, construction, manufacturing, technology, and financial services. The L&T group is a group of 118 subsidiaries, 06 associate companies, 25 joint ventures, and 35 joint operation companies. The operations of L&T are broadly divided into five categories: Construction, EPC projects, including Hydrocarbon engineering & power development, Manufacturing Services, which include IT and financial services, and other infrastructure development projects like Hyderabad Metro etc. L&T also holds a rich experience of 30 years in the field of defense equipment and systems. The promoters of the company do not own any of the stakes in the company, Foreign Institutional Investors (FII) own 22.88%, Domestic Institutional Investors (DII) own 32.99% stake in the company, and others (such as public & retail investors) hold the balance of 44.15%.
In June 2021, quarterly net revenue was Rs. 13,109.00 crores, which has increased by approximately 60.85 % from Rs. 8,149.99 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 749.97 crores, which has improved sharply and increased by nearly 144.62% from a net profit of Rs. 306.58 crores in June 2020. In June 2021, the reported operating profit was at Rs. 8,052.63 crores, which is also increased by 53.37% as compared to an operating profit of Rs. 5,250.01 crores for the quarter ending in June 2020. From an EPS of Rs. 2.18 in June 2020, the EPS of Larsen & Toubro Ltd has improved and reached Rs. 5.34 per share in June 2021. LT's stock closed at Rs. 1,593.60 on 20th August’2021 (NSE) and has returned 4.53% in the last six months and 58.64% in the previous year.