L&T profit rises 10% to Rs 3,987 cr in Jan-Mar; AM Naik to step down as non-exec chairman
Engineering and construction giant Larsen & Toubro (L&T) on Wednesday reported a 10 per cent rise in its consolidated net profit to Rs 3,987 crore for the quarter ended in March 2023 and announced the stepping down of non-executive chairman A M Naik from the post.
A M Naik has decided to step down as non-executive chairman of the company with effect from September 30 and L&T Chief Executive Officer & Managing Director will be re-designated as the Chairman and Managing Director from October 1, 2023, the company said in a filing.
