Rs 4.5 trillion order book: This multibagger infrastructure giant bags a mega order worth more than Rs 15,000 crore; reports impressive quarterly results!
The stock has gained more than 20 per cent in the last 6 months.
Larsen & Toubro (L&T) is a major technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. Larsen & Toubro's Hydrocarbon Business has won another Ultra-Mega Onshore project from a prestigious client in the Middle East. This follows the company's recent award of an Ultra-Mega project for a Gas Compression plant. The order is expected to be worth more than Rs 15,000 crores.
The scope of work for the new project includes engineering, procurement, and construction of a Gas Processing Plant consisting of Inlet Separation Facilities, Booster Compression System, Amine Gas Recovery Unit, Dehydration Unit, Mercury Removal Unit, NGL Recovery Unit, and Sales Gas Compression System in new onshore facilities. The new plant will be integrated with existing Gas Processing Plants.
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The company posted robust Quarterly Results. The revenue of the company for Q2FY24 stood at Rs 51,024.04 crore which increased by 19.32 per cent YoY. The operating profit of the company stood at Rs 8,173.45 crore, while the PAT of the company stood at Rs 3,855.55 crore, which also increased by 36.76 per cent YoY.
The company's order book as of September 2023 is Rs 4.5 trillion, up 22 per cent from September 2022, 65 per cent of the order book is domestic and 35 per cent is international. The stock has delivered multibagger returns of more than 200 per cent in the last three years.
Investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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