Infrastructure major Larsen and Toubro (L&T) on Tuesday posted a 36 per cent rise in net profit to Rs 3,116.12 crore in the June quarter, mainly aided by execution of a healthy order book in its projects and manufacturing portfolio. The company’s board has approved buy back of shares worth up to Rs 10,000 crore.
According to a regulatory filing, the total income increased to Rs 49,027.93 crore in the first quarter of the current fiscal from Rs 36,547.92 crore in the year-ago period. It had a net profit of Rs 2,293.01 crore in the corresponding period of 2022-23.