{"id":593441,"date":"2023-07-26T09:46:39","date_gmt":"2023-07-26T04:16:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=593441"},"modified":"2023-07-26T10:25:57","modified_gmt":"2023-07-26T04:55:57","slug":"lt-gets-board-nod-for-rs-10k-cr-share-buyback-q1-profit-surges-46-5-yoy","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lt-gets-board-nod-for-rs-10k-cr-share-buyback-q1-profit-surges-46-5-yoy\/","title":{"rendered":"L&amp;T gets board nod for Rs 10K cr share buyback; Q1 profit surges 46.5% YoY"},"content":{"rendered":"<p>Engineering conglomerate Larsen &amp; Toubro (L&amp;T) on Tuesday announced a buyback of up to Rs 10,000 crore. It also reported a 46.5 per cent year-on-year rise in net profit for the June quarter (Q1FY24), topping the estimates on the back of improved operational performance and higher other income. <\/p>\n<p>L&amp;T\u2019s order book crossed the Rs 4-trillion mark for the first time. <\/p>\n<p>The board also decided to give a special dividend of Rs 6 per share, which company executives said was to mark A M Naik\u2019s tenure at L&amp;T. Group chairman Naik retires in September this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Engineering conglomerate Larsen &amp; Toubro (L&amp;T) on Tuesday announced a buyback of up to Rs 10,000 crore. It also reported a 46.5 per cent year-on-year rise in net profit for the June quarter (Q1FY24), topping the estimates on the back of improved operational performance and higher other income. L&amp;T\u2019s order book crossed the Rs 4-trillion mark for the first time. The board also decided to give a special dividend of Rs 6 per share, which company executives said was to mark A M Naik\u2019s tenure at L&amp;T. Group chairman Naik retires in September this year.<\/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-593441","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\/593441","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=593441"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/593441\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=593441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=593441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=593441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}