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What should investors do with Larsen & Toubro after Q3 earnings: Buy, sell or hold it?

The company reported an 11 percent on-year growth in consolidated revenues to Rs 39,563 crore during the quarter in review

January 31, 2022 / 09:33 AM IST
 
 
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Larsen & Toubro (L&T) share price shed over 2 percent in the early trade on January 31 after the company declared its December quarter earnings.

Larsen & Toubro on January 28 reported a 17 percent on-year decline in its consolidated net profit to Rs 2,055 crore for the quarter ended December 2021.

The decline in the bottomline is largely on account of a higher base in the year-ago quarter which included the sale of commercial property in the realty business and gain on divestment from discontinued operations of the electrical and automation business.

The country's largest infrastructure company, however, reported an 11 percent on-year growth in consolidated revenues to Rs 39,563 crore during the quarter in review.