Net profit of Larsen & Toubro rose 11.74% to Rs 2785.72 crore in the quarter ended June 2024 as against Rs 2493.00 crore during the previous quarter ended June 2023. Sales rose 15.12% to Rs 55119.82 crore in the quarter ended June 2024 as against Rs 47882.37 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales55119.8247882.37 15 OPM %12.7813.19 - PBDT5674.575162.84 10 PBT4676.654332.37 8 NP2785.722493.00 12 Powered by Capital Market - Live News

Larsen & Toubro has allotted 1,46,796 equity shares under ESOS on 24 July 2024. Powered by Capital Market - Live News

Larsen & Toubro will hold a meeting of the Board of Directors of the Company on 24 July 2024.Powered by Capital Market - Live News

Precision Engineering Systems business vertical of Larsen & Toubro has won a prestigious order for part construction of Two Fleet Support Ships (FSS) from Hindustan Shipyard (HSL), with Indian Navy being the end user of the vessels. According to the company`s project classification, the value of the order ranges between Rs 1,000 crore to Rs 2,500 crore. Indian Navy had signed a contract with HSL for design and construction of Five FSS for the Indian Navy in August 2023. FSS are specialized naval vessels, which provide logistics and material support to the naval task force at sea. With more than 220 meter in length and approx. 45,000 Ton displacement, FSS would be amongst the largest vessels in the Indian Naval Fleet. L&T will construct the two Fleet support ships at its greenfield shipyard at Kattupalli, near Chennai on the east coast of India. It is India`s most modern shipyard, designed in-house and built to globally benchmarked technological practices. Powered by Capital Market - Live News

L&T Semiconductor Technologies (LTSCT), a wholly owned subsidiary of the Company has entered into a Share Purchase Agreement on 08 July 2024 for acquisition of 100% stake in SiliConch Systems. Siliconch Systems (SiliConch, headquartered in Bangalore, was incorporated in April 2016. The company specializes in the development / design of semiconductor Intellectual Property (IP) / Integrated Circuits (IC). The acquisition is expected to add IP, engineering skillsets and design expertise to strengthen the Group`s presence in fabless semiconductor business, and thus aligns with the overall growth strategy of LTSCT.The cost of acquisition includes:1. an upfront amount of Rs 133 crore payable at Closing, subject to customary closing adjustments; and2. a deferred amount of Rs 50 crore payable over4 years, subject to closing adjustments and achievement of certain targets and other conditionsPowered by Capital Market - Live News