Larsen & Toubro Q1 FY23 profit after tax up by 45% to Rs 1,702cr

L&T Q1 FY23 results : Larsen & Toubro (L&T) has reported a profit after tax (PAT) of INR 1,702 crores for the first quarter of the fiscal year 2023 (Q1 FY23), an increase of 45% compared to INR 1,174 crores in the same period of the previous fiscal year.

The diluted earnings per share (EPS) of the Indian conglomerate in Q1 FY23 were INR 12.1, compared to INR 8.35 in Q1 FY22.

Larsen & Toubro earned revenues of INR 35,853 crores in the reported quarter, which is a 22% increase compared to INR 29,334 crores in Q1 FY22.

Larsen & Toubro Q1 FY23 profit after tax up by 45% to Rs 1,702cr. Photo courtesy of Batmaniacs/Wikimedia Commons.

The group bagged orders worth INR 41,805 crores during the reported quarter, which is a 57% growth, compared to the first quarter of the previous fiscal year.