Engineering and development big Larsen & Toubro (L&T ), on Tuesday, reported 46.5 per cent year-on-year (YoY) improve in web revenue for the April to June quarter. Aided by a powerful efficiency within the engineering and development enterprise, the consolidated web revenue of the corporate stood at Rs 2,493 crore, beating road estimates.
The consolidated income of the corporate stood at Rs 47,882.37 crore, a 34 per cent improve.
Larsen & Toubro introduced a particular dividend of Rs 6 a share. The report date for a similar has been fastened to August 2.
Additional, the corporate has introduced that it’ll purchase again shares price Rs 10,000 crore.
The board of Larsen & Toubro permitted a proposal to purchase again 3.33 crore shares by way of tender provide route, at Rs 3,000 per share, it stated in a press release.
This could be 2.4 per cent of the entire paid-up fairness share capital.
The shares of the corporate closed at Rs 2,561.95, a decline of 1.54 per cent. The provide worth of Rs 3,000 is almost greater than 17 per cent from Tuesday’s closing worth.
