{"id":551150,"date":"2023-01-31T09:15:16","date_gmt":"2023-01-31T03:45:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=551150"},"modified":"2023-01-31T09:55:53","modified_gmt":"2023-01-31T04:25:53","slug":"lt-q3-results-net-profit-rises-24-to-rs-2553-cr-rev-beats-estimates","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lt-q3-results-net-profit-rises-24-to-rs-2553-cr-rev-beats-estimates\/","title":{"rendered":"L&amp;T Q3 results: Net profit rises 24% to Rs 2,553 cr, rev beats estimates"},"content":{"rendered":"<p>Engineering major Larsen &amp; Toubro (L&amp;T) on Monday reported a consolidated net profit of Rs 2,553 crore for the October-December quarter (third quarter, or Q3) of 2022-23 (FY23), up 24.2 per cent from a year ago, aided by exceptional gains of Rs 97 crore due to a profit on the divestment of the mutual fund business.<\/p>\n<p>When adjusted for a one-time charge on the re-measurement of wholesale loan assets of financial services, net profit stands at Rs 2,456 crore \u2014 a growth of 20 per cent over the year-ago period.<\/p>\n<p>Bloomberg consensus estimates had pegged L&amp;T\u2019s net profit for Q3 at Rs 2,570 crore, reveals data compiled by BS Research Bureau.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Engineering major Larsen &amp; Toubro (L&amp;T) on Monday reported a consolidated net profit of Rs 2,553 crore for the October-December quarter (third quarter, or Q3) of 2022-23 (FY23), up 24.2 per cent from a year ago, aided by exceptional gains of Rs 97 crore due to a profit on the divestment of the mutual fund business. When adjusted for a one-time charge on the re-measurement of wholesale loan assets of financial services, net profit stands at Rs 2,456 crore \u2014 a growth of 20 per cent over the year-ago period. Bloomberg consensus estimates had pegged L&amp;T\u2019s net profit for Q3 [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-551150","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/551150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=551150"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/551150\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=551150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=551150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=551150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}