Buy Larsen & Toubro, target price Rs 3760: Prabhudas Lilladher

Prabhudas Lilladher has buy call on Larsen & Toubro with a target price of Rs 3760. The current market price of Larsen & Toubro is Rs 3551.55.

Larsen & Toubro Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 488026.51 Crore) operating in Construction sector.

Larsen & Toubro Ltd. key Products/Revenue Segments include Income From Construction Work, Income from Manufacturing and Trading Activities, Other Services, Other Operating Revenue, Property Development, Commission, Service (Engineering) and Lease Rentals for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 55965.57 Crore, up 7.30 % from last quarter Total Income of Rs 52157.02 Crore and up 18.71 % from last year same quarter Total Income of Rs 47144.75 Crore. Company reported net profit after tax of Rs 3594.51 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 31-Dec-2023, while FIIs owned 25.5 per cent, DIIs 37.34 per cent.