Larsen & Toubro shares up 0.11% as Nifty gains

New Delhi: Shares of Larsen & Toubro traded 0.11 per cent up in Friday's trade at 10:27 am. Around 10,68,647 shares changed hands on the counter. The stock opened at Rs 849.0 and touched an intraday high and low of Rs 863.65 and Rs 831.3, respectively, in the session so far.

Larsen & Toubro-run investment trust IndInfravit said it has completed the acquisition of 100 per cent stake in eight operational road projects of Sadbhav Infrastructure at an enterprise value of Rs 6,300 crore.

The stock quoted a 52-week high of Rs 1607.0 and a 52-week low of Rs 838.65.


Financials
Larsen & Toubro, incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 118370.63 crore) operating in Construction sector.

For the quarter ended Dec 2019, the company reported a net profit of Rs 2703.57 crore.

For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 36242.68 crore, up 2.59 per cent from last quarter Sales of Rs 35328.45 crore and up 1.49 per cent from last year same quarter Sales of Rs 35708.87 crore.

Larsen & Toubro key products/revenue segments include income from manufacturing and trading activities which contributed Rs 6238.01 crore to sales value (7.17 per cent of total sales), other operating revenue which contributed Rs 1145.98 crore to sales value (1.31 per cent of total sales), property development which contributed Rs 642.08 crore to sales value (0.73 per cent of total sales), commission which contributed Rs 160.16 crore to sales value (0.18 per cent of total sales), lease rentals which contributed Rs 58.93 crore to sales value (0.06 per cent of total sales) and engineering which contributed Rs 10.06 crore to sales value (0.01 per cent of total sales)for the year ending 31-mar-2019.

Promoters holding
Promoters held 0.0 per cent stake in the company as of Dec 2019.

Valuation ratio
It quoted a price-to-earnings ratio of 10.58 and price to book value of 1.72.