{"id":576225,"date":"2023-05-12T09:36:13","date_gmt":"2023-05-12T04:06:13","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=576225"},"modified":"2023-05-12T10:14:13","modified_gmt":"2023-05-12T04:44:13","slug":"larsen-toubro-dips-4-on-profit-booking-post-march-quarter-results","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/larsen-toubro-dips-4-on-profit-booking-post-march-quarter-results\/","title":{"rendered":"Larsen &amp; Toubro dips 4% on profit booking post March quarter results"},"content":{"rendered":"<p>Shares of Larsen &amp; Toubro (L&amp;T) dipped 4 per cent to Rs 2,270 on the BSE in Thursday&#8217;s intra-day trade on profit booking after the engineering behemoth reported a 10 per cent rise in its consolidated net profit to Rs 3,987 crore for the March quarter (Q4FY23) compared to a profit of Rs 3,621 crore in the year-ago period. Revenue grew 10 per cent year-on-year (YoY) to Rs 58,335 crore. <\/p>\n<p>The stock of the country&#8217;s biggest infrastructure company had hit a record high of Rs 2,416 on May 2, 2023. However, despite the stock&#8217;s 4 per cent decline from its all-time high level, L&amp;T has outperformed the market by surging 9 per cent thus far in the calendar year 2023. In comparison, the S&amp;P BSE Sensex is up 1.5 per cent during the same period.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Larsen &amp; Toubro (L&amp;T) dipped 4 per cent to Rs 2,270 on the BSE in Thursday&#8217;s intra-day trade on profit booking after the engineering behemoth reported a 10 per cent rise in its consolidated net profit to Rs 3,987 crore for the March quarter (Q4FY23) compared to a profit of Rs 3,621 crore in the year-ago period. Revenue grew 10 per cent year-on-year (YoY) to Rs 58,335 crore. The stock of the country&#8217;s biggest infrastructure company had hit a record high of Rs 2,416 on May 2, 2023. However, despite the stock&#8217;s 4 per cent decline from its [&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-576225","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\/576225","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=576225"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/576225\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=576225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=576225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=576225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}