Rs 4,909 Billion Order Book: Infrastructure Giant Acquires 100 Per cent Stake in Bengaluru-Based Semiconductor Company SiliConch Systems!
The company’s shares have delivered an impressive return of over 40 per cent to its shareholders.
L&T Semiconductor Technologies Limited, a wholly-owned subsidiary of Larsen & Toubro Ltd, completed the acquisition of a 100 per cent stake in SiliConch Systems Private Limited (SiliConch) on Friday. This follows the fulfillment of customary closing conditions stipulated in the Share Purchase Agreement dated July 8, 2024. As a result, SiliConch is now a wholly-owned subsidiary of the Company.
Larsen & Toubro Ltd is a multinational conglomerate that is primarily engaged in providing engineering, procurement, and construction (EPC) solutions in key sectors such as Infrastructure, Hydrocarbon, Power, Process Industries and Defence, Information Technology, and Financial Services in domestic and international markets.
On Friday the shares of Larsen & Toubro Ltd closed the day at around Rs 3592.40 per share on the BSE. The current market capitalization stands at Rs 493953.17 crore. Additionally, the shares have delivered a return of over 35 per cent in the past year.
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As per the Quarterly Results, in Q4 FY24, Larsen & Toubro Ltd recorded a revenue of Rs 55120 crore from Rs 47882 crore. The operating profit for Q4 FY24 stood at Rs 7046 crore. The net profit for Q4 FY24 stood at Rs 3445 crore compared to a profit of Rs 3096 crore last year same quarter. Looking at the annual performance, the company generated a revenue of Rs 221113 crore in FY24. The operating profit for FY24 was Rs 29865 crore with a net profit of Rs 15547 crore compared to a net profit of Rs 12531 crore in FY23.
Investors must keep this Large-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.