Larsen & Toubro gains 4% post Q2 results, strong order book position

Shares of Larsen & Toubro (L&T) were up 4 per cent at Rs 1,861 on the BSE in Thursday’s intra-day trade after the company posted a healthy operational performance for the quarter ended September 2021 (Q2FY22). The company’s order backlog remains strong at Rs 3.3 trillion. The stock of construction & engineering major had hit a record high of Rs 1,884.90 on October 19, 2021.

L&T said it has bagged orders worth Rs 42,140 crore during Q2FY22, registering a robust growth of 50 per cent compared with the corresponding period of the previous year. Orders were received in various segments like oil & gas, metros, rural water supply, minerals and metal, public space and power transmission and distribution. The International orders at Rs 22,116 crore during the quarter comprised 52 per cent of the total order inflow, the company said.