L&T Technology Services Net Profit Jumps 84% In June Quarter.

L&T Technology services reported a net profit of ₹ 216 crore in the April-June quarter on a consolidated basis, up 84 per cent year-on-year.

L&T Technology Services, the engineering services branch of infrastructure firm Larsen & Toubro (L&T), released its April-June quarter outcomes for 2021-22, posting a consolidated net profit of 216 crores, up 84 per cent year-on-year. In the previous fiscal year’s corresponding quarter, L&T Tech made a profit of Rs 117.3 crore.

In the first quarter of this fiscal year, the company’s working income was 1,518 crore, up from 1,294.7 crores in the same period of the previous fiscal year, representing a 17 per cent year-on-year increase.

On the BSE, shares of L&T Tech closed 2.86 per cent higher at 2,910.25 apiece on Wednesday, July 14. Throughout the trading session today, L&T Tech opened on the BSE at 2,830.15, swinging to an intraday high of 2,934 and an intraday low of 2,801.20.