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Larsen and Toubro (L&T) have made a significant strategic move into the fabless semiconductor chip design...

The company has greenlit the establishment of a wholly-owned subsidiary dedicated to fabless semiconductor chip design and product ownership, , Larsen & Toubro (L&T), semiconductors, chip design, investment

L&T share price today: L&T shares were trading 2.51 per cent away from their yearly high of Rs 2078.2 on BSE today.

L&T said its consolidated revenues for the quarter came in at Rs 42,763 crore up 23 per cent YoY, thanks to execution tailwinds in the infrastructure projects segment and sustained growth momentum in the IT&TS portfolio.

L&T Q2 net vaults 56% to Rs1,819 cr on high IT & TS margins

Larsen & Toubro (L&T) reported 3% rise in consolidated net profit to Rs 3,293 crore on 9% increase in revenues to Rs 48,088 crore in Q4 FY21 over Q4 FY20. The companys revenues registered a sequential growth of 35%, as execution activities normalized on easing of COVID-19 restrictions, prior to onset of the 2nd wave of the pandemic. The International revenues during the quarter at Rs 15,851 crore constituted 33% of the total revenue. The order inflow for the quarter January-March 2021 at Rs 50,...

Divestment, real estate sale also aid profit; revenue dips 2% L&T reported a 5% rise in consolidated net profit for the third quarter ended December 31 to ₹2,467 crore on account of higher profit from the information technology and technology services (IT & TS) segment and sale of commercial property by its realty division. The PAT also included gains on divestment of ₹209 crore from discontinued operations. “The gain of divestment is towards further adjustments accrued against the sale ...