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<ul><li><keyword id="6354919" type="General" weightage="20" keywordseo="LT" source="Orion">L&amp;T</keyword>’s board approved a buyback at a maximum price of ₹3,000 per share for an aggregate consideration of up to ₹10,000 crore.</li><li>Special dividend was announced to mark the end of A M Naik’s tenure with the company. </li><li>Stress in core segment margins will continue for next two quarters as it carries post-Covid, post-war overhang. </li><li></li></ul>Infrastructure major <keyword id="45475" type="General" weightage="20" keywordseo="Larsen-Toubro" source="Orion">Larsen &amp; Toubro</keyword>’s (L&amp;T) Q1 consolidated net profit went up by 46% to ₹2,493 crore, from ₹1,702 crore in the same quarter last year. It also said the board of directors approved a share buyback at the maximum price of ₹3,000 each for an aggregate consideration of up to ₹10,000 crore. The proposal is subject to the approval of shareholders. The board also approved a special dividend of ₹6 per equity share to mark the end of chairman A M Naik’s extraordinary tenure with the company, said R Shankar Raman, L&amp;T's CFO said in an earnings conference call. Naik will retire as the non-executive chairman of the company in September this year, after which the current CEO &amp; MD S N Subrahmanyan will take over as its executive chairman and MD. Revenue guidance unchanged L&amp;T’s consolidated revenues went up 34% to ₹47,882 crore for the quarter, from 35,853 crore in Q1 of FY23. The company said that it was primarily aided by the execution of a healthy order book in its projects and manufacturing portfolio. However, Raman refused to change the goalpost of the revenue guidance of 12-15% given for FY24. “If all goes well, we will be at the upper end of the guidance,” he said. The company received orders worth ₹65,520 crore at the group level during the quarter, registering a y-o-y growth of 57%. International orders at ₹27,646 crore during the quarter comprised 42% of the total order inflow. The company said that orders were received across diverse segments like rail, renewables, rural water supply, transmission &amp; distribution, IT &amp; office space and onshore and offshore verticals of the hydrocarbon business, during the quarter. The consolidated order book of the group is at ₹4,12,648 crore as on June 30, 2023, with international orders having a share of 29%. “Capex buoyancy in India Gulf Cooperation Council is providing the much-needed tailwinds for growing our projects &amp; manufacturing portfolio, ably supported by the resilient performance of the services businesses,” said S N Subrahmanyan, CEO &amp; MD, Larsen &amp; Toubro. Core segment margins to remain stressed in near term Its infrastructure segment saw order inflows of ₹40,051 crore, double what was recorded in the same quarter last year. The EBITDA margin of the segment during the quarter, however, reduced to 5.1% vis-à-vis 6.5% recorded in the corresponding quarter. The infrastructure business orders that were executed during the quarter were won in the second half of FY22 and FY23. The pricing of these orders factors in inflationary trends seen in the post-Covid, post-War period, Raman said explaining the margin squeeze seen in the segment during the quarter. He added that this segment’s margins will continue to be subdued for the next quarter or two. “Improvement in margin trajectory will be seen only in Q4. In fact 2024-25 will be a far healthier period,” Raman said. In its outlook, the company said that major economies are turning around the corner. Major oil producing nations continue to invest in oil &amp; gas, industrialisation and energy transition initiatives, which will augur well for the company’s projects business. L&amp;T said that in the backdrop of this mixed sentiment, its focus will remain on cash generation and judicious capital allocation. “The company has a robust order prospects pipeline in the medium term and is confident of sustaining its growth momentum by utilising the emerging opportunities, with an overarching aim of improving shareholder value on a sustainable basis,” it said in a press release.

L&T’s Q1 net profit jumps 46%; board approves ₹10,000 crore share buyback

<ul><li>After <keyword id="90593" type="COMPANY" weightage="20" keywordseo="Larsen-and-Toubro">Larsen and Toubro</keyword>’s (L&amp;T) hostile takeover of Mindtree, the company’s leading executives have resigned and it’s taking a toll on the company’s growth trajectory. </li><li>Mindtree’s quarterly results show a 41% yearly dip in net profits and a 53% drop in quarterly net profits.</li><li>Macquarie has revised the rating on Mindtree’s stock to ‘underperform’ expecting earnings per share to drop by at least 21%.</li><li>All eyes are on AM Naik, the company’s newly appointed non-executive chairman, to turn things around.</li></ul>The dramatic takeover of India’s IT consulting firm, <a href="https://www.businessinsider.in/lt-infotech-and-mindtree-will-remain-separate-and-the-open-offer-will-be-at-980/articleshow/68477363.cms">Mindtree</a>, by Larsen and Toubro (L&amp;T) had its leading executives walking away and the company’s growth has taken a big hit. As the L&amp;T veteran and a marquee business leader in India, AM Naik, takes over as the non-executive Chairman of Mindtree, all eyes are on him to revive the firm’s fortunes. Last night, Mindtree reported a 41% dip in its year-on-year net profits from ₹158 crores last year to ₹93 crore this quarter. Its quarterly net profits showed an even larger drop of 53% from ₹198 crore last year. The share price of Mindtree was down nearly 5.5% at 10:20 am on Thursday. Mindtree’s revenue for the current quarter shows an 11% increase in comparison to last year’s first quarter from ₹1,640 crore to ₹1,834 crore. But quarter-to-quarter, the revenue growth is flat. Macquarie, an Australian financial services company, cut the rating on Mindtree’s stock to ‘Underperform’ estimating a drop of 21.6% to 24.8% in earnings per share largely due to executives leaving the company while the business slowed down amidst the takeover drama. Hostility and fear In March last year, L&amp;T — an infrastructure and construction company — instigated a <a href="https://www.businessinsider.in/mindtree-takeover-battle-lt-deals-the-first-blow-buying-coffee-baron-vg-siddharthas-stake/articleshow/68475544.cms">hostile takeover</a> of Mindtree by acquiring 20.4% stake in the company by buying shares from V.G. Siddhartha, the man behind the Cafe Coffee Day franchise in India. And, on June 27 this year, L&amp;T had 61% of the company’s controlling shares. This is reportedly the <a href="https://www.businessinsider.in/lt-has-51-8-stake-in-mindtree-after-open-offer/articleshow/69960033.cms">first time</a> that a company has successfully completed a hostile takeover in India’s IT space. The IT firms’s chief executive officer (CEO), chairman and vice chairman had to file their resignations. Subroto Bagchi, Mindtree’s co-founder, is also set to retire at the end of the month and hasn’t asked to be reappointed to the company’s board. The stock of Mindtree has lost over a quarter of its value in the last three months as the drama played out. See also: <a href="https://www.businessinsider.in/lt-has-51-8-stake-in-mindtree-after-open-offer/articleshow/69960033.cms">L&amp;T takes over Mindtree in Indian IT’s first-ever hostile acquisition</a> <a href="https://www.businessinsider.in/lt-infotech-and-mindtree-will-remain-separate-and-the-open-offer-will-be-at-980/articleshow/68477363.cms">L&amp;T Infotech and Mindtree will remain separate and the open offer will be at ₹980</a> <a href="https://www.businessinsider.in/mindtree-takeover-battle-lt-deals-the-first-blow-buying-coffee-baron-vg-siddharthas-stake/articleshow/68475544.cms">Mindtree takeover battle: L&amp;T deals the first blow buying coffee baron VG Siddhartha's stake</a>

The exodus of Mindtree executives has dented earnings and now shareholders are running for the hills — over to AM Naik

<ul><li><keyword id="6698812" type="UNKNOWN" weightage="20" keywordseo="A-M-Naik">A M Naik</keyword>, the non-executive chairman of L&amp;T, earned ₹194 million ($2.7 million) last year after encashing all his accumulated leaves. </li><li>His total payout, which included a base <keyword id="10876" type="PERSON" weightage="20" keywordseo="salary">salary</keyword> of ₹27.3 million, came to ₹1.37 billion for the year. </li><li>A son of a village primary school teacher in Gujarat, Naik joined L&amp;T as junior engineer in 1965, rose through the ranks. </li></ul> Indians are famous for not taking a<a href="https://www.businessinsider.in/india-ranked-as-the-most-vacation-deprived-country-in-the-world-survey/articleshow/66749566.cms"> break</a> from work. And one of the biggest examples of that could be Anil Manibhai Naik. On January 26, the now retired non-executive chairman of industrial conglomerate <keyword id="45475" type="CITY" weightage="20" keywordseo="Larsen-Toubro">Larsen &amp; Toubro</keyword> (L&amp;T), was awarded the Padma Vibhushan - India’s second-highest honour for civilians-- for his contribution to India’s corporate sector. The government honour caps a terrific 12-month period for Naik who made a staggering $3 million last year for unused leaves in his career spanning five decades. According to L&amp;T’s annual report for 2017-18, Naik earned <a href="http://investors.larsentoubro.com/upload/AnnualRep/FY2018AnnualRepL&amp;T-AR%202017-2018.pdf">₹194 million</a> ($2.7 million) last year after encashing all his accumulated leaves. His total payout, which included a base salary of ₹27.3 million, came to ₹1.37 billion for the year. His retirement gratuity benefits and the exercise of his stock options netted him more than ₹1 billion of his total. A son of a village primary school teacher in Gujarat, Naik joined L&amp;T as junior engineer in 1965, rose through the ranks, and eventually steered the construction major’s entry into the defence. The <a href="https://www.google.com/search?rlz=1C1GCEU_enIN820IN820&amp;ei=AMtOXM7cGYz2rQGWwqHgDw&amp;q=larsen+%26+toubro+share+price&amp;oq=larsen+%26+toubro+share+price&amp;gs_l=psy-ab.3..0l6.227.2088..2197...0.0..0.186.1303.0j11......0....1..gws-wiz.......0i71j0i67.5RttBKLKS0A">₹1.83 trillion</a> L&amp;T group today offers IT solutions and financial services too. Naik famously <a href="https://www.thehindu.com/news/cities/mumbai/the-man-who-took-on-ambani-birla-to-save-lt/article20553489.ece">fended off</a> takeover bids from by the <keyword id="10924" type="PERSON" weightage="20" keywordseo="Ambani">Ambani</keyword> family in the late 1990s. While he announced <a href="https://www.ibtimes.co.in/lts-am-naik-donate-75-his-lifetime-income-charitable-causes-691351">in August 2016</a> that he would give away 75% of his income to charitable causes over his lifetime-- that an executive’s unused leaves are worth $3 million will be an uncomfortable fact for millions more who slog through their lives without <a href="https://economictimes.indiatimes.com/news/economy/finance/indias-pension-system-ranked-near-bottom-among-major-economies/articleshow/61218172.cms">the assurance of a secured retirement</a>. SEE ALSO: <a href="https://www.businessinsider.in/oxfam-finds-that-indias-1-own-more-than-50-of-the-countrys-wealth/articleshow/67620424.cms">India’s billionaires saw their wealth grow by ₹22 billion every day last year while the poorest 50% only saw a 3% rise in income: Oxfam</a>

Calling in sick? Meet the Indian executive who made nearly $3 million for leaves he didn’t take

In the last fiscal, government orders drove majority of <keyword id="81793" type="COMPANY" weightage="100" keywordseo="Capital-goods">capital goods</keyword> and engineering companies, and looks like the trend is going to stay for this fiscal as well. A look at the order pipeline, and one can only see the names of state-funded schemes amidst a few private sector projects here and there. Companies like <keyword id="45475" type="CITY" weightage="100" keywordseo="Larsen-Toubro">Larsen &amp; Toubro</keyword>, <keyword id="148522" type="CITY" weightage="100" keywordseo="ABB">ABB</keyword> and <a href="http://www.businessinsider.in/finance/Siemens-is-buying-a-software-company-under-pressure-from-activists-for-about-4-billion/articleshow/55415431.cms">Siemens</a> are looking at more government projects than ever, given that private sector is still unsure about investments. Also read: <a href="http://www.businessinsider.in/small-business/people/indias-manufacturing-sales-shrink-expect-more-layoffs/articleshow/57376642.cms">India's manufacturing sales shrink. Expect more layoffs India's manufacturing sales shrink. Expect more layoffs</a> "Order flows continue to be dominated by public sector capex, led by sectors like power transmission &amp; distribution, <a href="http://www.businessinsider.in/transportation/indian-railways-is-not-in-the-pink-of-health-turnaround-hits-buffers/articleshow/58411600.cms">railways</a>, metros and hydrocarbons," <keyword id="103838" type="CITY" weightage="100" keywordseo="HDFC-Securities">HDFC Securities</keyword> said in a pre-earnings report. "Orders from Power Grid grew 112% year-on-year to Rs 8,020 crore in Q4 FY17. Power generation orders continued to be muted, with no major orders announced by <keyword id="6354446" type="CITY" weightage="100" keywordseo="BHEL">BHEL</keyword>." The worth of order inflows by major capital goods companies, excluding <a href="http://www.businessinsider.in/lt-played-a-crucial-role-in-isros-record-104-satellites-launch-heres-how/articleshow/57189874.cms">L&amp;T</a>, declined one fifth to stand at Rs 16,500 crore in the fourth quarter from a year earlier, says Elara Capital. Amongst these orders, a large number were from railways, transmission &amp; distribution, renewables &amp; water treatment. Also read: <a href="http://www.businessinsider.in/careers/Worrisome-IITs-receive-lukewarm-response-from-PSUs-during-placements/articleshow/55432791.cms">Worrisome? IITs receive lukewarm response from PSUs during placements</a> "We expect that domestic capital goods sector would continue to be impacted primarily due to slower execution, lower order inflow and poor financial health of the power distribution companies. We believe announcement of Uday scheme for discoms is positive, which is likely to result in better cash flows and new investments in state T&amp;D networks and independent power producers," <keyword id="197560" type="COMPANY" weightage="100" keywordseo="Reliance-Securities">Reliance Securities</keyword> said. The Uday scheme has been announced to revive state-owned power distribution companies that are ridden with debts. (Image source LiveMint)

Government orders might continue saving capital goods companies

India’s jet-set: Here’s how billionaires earned, lost and donated in 2022

<keyword id="6361649" type="CITY" weightage="40" keywordseo="Goldman-Sachs">Goldman Sachs</keyword> has upgraded India to 'overweight' and has put an aggressive target of 7,600 for the <keyword id="6354813" type="COMPANY" weightage="40" keywordseo="nifty">Nifty</keyword> in the next 12 months, which implies 17% upside from current levels. 
 
Citing the reasons for the same, the global investment bank said in a report: "The cyclical macro adjustments in India have reduced external vulnerability. We now expect domestic fundamentals to improve as growth recovers in 2Q. Corporate earnings downgrades seem to have bottomed out, with more signs of improvement in the investment cycle. Headline valuations have recently expanded but cyclical sectors remain inexpensive compared to history and are relatively under-owned." 
 The Indian <keyword id="35199" type="UNKNOWN" weightage="40" keywordseo="stock-markets">stock markets</keyword> today extended gains and hit fresh all-time high as inflows continued on the back of positive cues from global markets. The benchmark <keyword id="6484188" type="CITY" weightage="40" keywordseo="Sensex">Sensex</keyword> was trading above 22,000. 
 
Banks, auto oil &amp; gas and realty sectors were the top sectoral performers in intraday trade. 
 
Goldman said the upcoming parliamentary elections in April could have an impact on reforms progress. 
 
"History suggests equities in India trade well leading up to elections, partly supported by favorable flows, but with higher volatility. Our analysis of past election moves, valuation and flows suggests India may have more room for a pre-election rally." 
 
"We roll our NIFTY 12-month target to 7600, which implies 17% upside from current levels. We expect mid-teens earnings growth this year and next. We favor cyclicals over defensive sectors and highlight potential election beneficiaries," the report said. 
 
Goldman cited the following as key risks to India: 
1) Any renewed concerns on EM (although both look better placed than other EM deficit countries). 2) An indecisive result in elections that could exacerbate uncertainty and trigger outflows. 3) A faltering recovery 
 Goldman has identified ONGC, Coal India, <keyword id="45179" type="CITY" weightage="40" keywordseo="NTPC">NTPC</keyword> and <keyword id="44555" type="CITY" weightage="40" keywordseo="BPCL">BPCL</keyword> as public sector companies that could be key election beneficiaries. 
 Among private sector, <keyword id="6653" type="CITY" weightage="40" keywordseo="ICICI-bank">ICICI Bank</keyword>, <keyword id="90593" type="COMPANY" weightage="40" keywordseo="Larsen-and-Toubro">Larsen and Toubro</keyword>, UltraTech Cement, <keyword id="45609" type="CITY" weightage="40" keywordseo="JSW-Steel">JSW Steel</keyword>, <keyword id="46717" type="CITY" weightage="40" keywordseo="IndusInd-Bank">Indusind Bank</keyword> and Voltas are seen gaining, the report said.

Goldman Upgrades India To 'Overweight', Sees Nifty At 7,600 In A Year

The year 2013 witnessed a great deal of volatility, with the <keyword id="6354813" type="COMPANY" weightage="40" keywordseo="nifty">Nifty</keyword> and the <keyword id="6484188" type="CITY" weightage="40" keywordseo="Sensex">Sensex</keyword> surging to new highs. Nevertheless, three out of five Nifty 50 <keyword id="6354298" type="ORGANIZATION" weightage="40" keywordseo="stocks">stocks</keyword> remained laggards, including a number of high-profile companies. 
 This year might have been forgettable for them, but these heavyweights are likely to do better in 2014, not just because of their vast potential but also due to favourable changes in the <keyword id="34412" type="ORGANIZATION" weightage="40" keywordseo="economy">economy</keyword>. ET Intelligence Group lists the companies that are likely to lead the Nifty rally in 2014 and why. 
 
<keyword id="6355199" type="CITY" weightage="40" keywordseo="Reliance-Industries">Reliance Industries</keyword> 
 
After underperforming the Nifty for five consecutive years, Reliance Industries has barely matched the index’s performance in 2013 so far, but 2014 is likely to be better. 
 
Reliance has embarked on a high capital expenditure programme, investing Rs 1,50,000 crore in three years in expanding petrochemical and polymer capacities, improving efficiencies at its refineries and increasing its dwindling gas output. 
 
 
 
Thus, FY13-FY16 is likely to be a phase of high earnings growth for the company, supporting stock outperformance. There are some risks, though. The company is fighting against penalties proposed by the petroleum ministry, while the outlook for the refining industry is clouded, with margins likely to come under pressure in 2014. Nevertheless, the company’s strong balance sheet should ensure a robust performance for its shares once the risks subside. 
 
Sesa Sterlite 
 
The government has endorsed the sale of residual stakes in its two group companies – Hindustan Zinc and Balco – through auction. This will allow Sesa Sterlite, which already holds more than 63% of HZL, to buy 25-100% of the government stake. Following this, HZL would be either merged with Sesa Sterlite or delisted. This would give Sesa Sterlite access to more than Rs 20,000 in cash with HZL and put the company in a position to bring down its debt. 
 
Also, the overall volumes of the companies across businesses – iron, copper, zinc, and oil and gas – are likely to pick up in 2014. The aluminium business could face some pressure due to falling prices. Growth in volumes and strengthening of the balance sheet will lead to re-rating of the stock, which is currently trading at a significant discount to its global peers BHP and Rio Tinto. FY15 EV/EBIDTA for Sesa Sterlite is 4.9, while it’s 6.2 and 6.6 for BHP and Rio, respectively. 
 
<keyword id="6653" type="CITY" weightage="40" keywordseo="ICICI-bank">ICICI Bank</keyword> 
 
Focus on the retail segment, a large branch network and steady loan growth may lead to consistent profit growth in the next few quarters. The bank has posted a 20% y-o-y growth in net profit in the last 12 quarters. Current and <keyword id="25450" type="UNKNOWN" weightage="40" keywordseo="savings">savings</keyword> accounts (CASA) as a percentage of total deposits improved to 43.3% in the September quarter as against 39% in the June quarter. This is among the highest among the private sector banks. 
 
Gross NPAs as of the September quarter stood at 3.08%, which is reasonable considering the macro environment. At current market prices, the stock is trading at a price-to-book value of 1.8. This is lower than peers such as HDFC Bank and Kotak Bank, which are trading at 4.5 and 3.5. Over the last few years, the stock was trading at a discount to its peers due to higher exposure to stressed assets. However, sustained profit growth in next few quarters may lead to a lower valuation gap. 
 
Ultratech Cement 
 
UltraTech Cement, being the largest company in the sector with a pan-India presence, stands to gain from the expected improvement in construction in 2014. With the acquisition of JP Associates’ Gujarat plant this year, the company’s cement capacity stands at 63 million tonnes, almost 16.8% of total domestic capacity. 
 
UltraTech Cement has been selectively expanding its capacity, which has strong long-term benefits. Cement prices are currently under pressure. In the September quarter, all-India cement prices traded at Rs 299 per 50-kg bag, up 2% from the year earlier. Once demand improves next year with the clearing of infrastructure projects, UltraTech would be one of the few large cement companies to gain. In the coming year, analysts expect cement demand to grow at 7-8%. This should improve earnings at UltraTech, which also has a light balance sheet with a debt-to-equity ratio of less than 1. 
 
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<keyword id="45475" type="CITY" weightage="40" keywordseo="Larsen-Toubro">Larsen &amp; Toubro</keyword> 
 
 
 
If there is one company that has succeeded relatively well in defying the slump in the engineering and capital goods sectors over the past few quarters, it is Larsen &amp; Toubro. The company’s increasing focus on internationalisation has helped it partly offset the slump in the domestic economy. The company had an order book of Rs 1.76 lakh crore at the end of the September quarter or close to three years of revenue. 
 
The ratio of international to domestic orders moved up from 10:90 in 
FY13 to 15:85 at the end of September. This puts pressure on operating profit margin, which at 10.2% for the trailing 12 months was 87 bps below the comparable period. An increase in domestic investment activity could ease out some stress on the margins going forward. In the event of a pick up in the investment economy in second half of 2014, it is likely to be one of the biggest beneficiaries and that will invariably boost its share price. 
 
PowerGrid 
 
PowerGrid has underperformed the broader index due to the overhang of the dilution through the recent follow-on public offer. However, PowerGrid may now not need any further equity for at least next three to four years. Under the 12th Five-Year Plan, the company has a capex target of Rs 1.1 lakh crore. 
 
In the past, the company has consistently met its execution target, which led to a compounded annual growth rate of 24% in net profit in the last five years. Given the track record on execution and the healthy capex target, profit growth may continue to remain healthy in the future. Going ahead, with concerns over equity dilution subsiding, the stock may be driven by fundamentals. 
 
Cipla 
 
Cipla, one of India’s biggest drug makers, has been through a transition phase in 2013. This has included the induction of new senior managers, changes in <keyword id="383688" type="UNKNOWN" weightage="40" keywordseo="business-strategy">business strategy</keyword> and the restructuring of various business segments. The company is now setting up front ends in the developed markets of the US and Europe with an intention to launch its own products there. It is also investing in R&amp;D to build a pipeline of products for launch. 
 
This increased initial investment has squeezed margins in recent quarters in the expectation of more sustainable growth in the future. As product approvals pick up and products are launched, the company is likely to see the fruits of this strategy in 2014. It’s likely to emerge as an outperformer in its sector by the second half of 2014.

These Are The 7 Nifty Stars To Look Out For In 2014

If reports are to be believed, Hero MotoCorp's promoter Pawan Munjal is the highest paid director among the top listed private companies as his pay package in last fiscal was around Rs 44 crore. 
 
As per a proxy advisory firm InGovern, Munjal took home Rs 43.91 crore last fiscal, which is 1.84% of his company's net profit. 
 
Munjal was followed by two other executives of the auto group, Brijmohan Lall Munjal, who passed away earlier this month, and Sunil Kant Munjal. 
 
Lall had a pay packet of Rs 43.64 crore and Sunil took home Rs 41.87 crore in 2014-15. 
 
Analysis of salaries of 95 directors in Nifty companies was done and it revealed that on an average remuneration of a director is Rs 9 crore. 
 
As per InGovern, Desh Bandhu Gupta, chairman of Lupin, earned a salary of Rs 37.58 crore, while Larsen &amp; Toubro chairman A M Naik drew an annual remuneration of Rs 27.32 crore. 
 
Among others in the top 10 are Bharti Airtel's Sunil Bharti Mittal (Rs 27.18 crore), Vinita Gupta, CEO of Lupin (Rs 24.86 crore), Hindalco MD D Bhattacharya (Rs 21.59 crore), TCS MD N Chandrasekaran (Rs 21.28 crore) and Ultratech Cement's Kumar Mangalam Birla (Rs 19.04 crore). 
 
On the contrary, pay package of 16 directors was less than 0.05% of the net profits of their firms. 
 
The report stated that remuneration of 11 directors was more than 400 times the median employee remuneration of their companies. This included three directors each of Lupin and Hero MotoCorp and one each of Hindalco, L&amp;T, Cipla, ITC and TCS. 
 
(Image: Indiatimes)

You Searched For "larsen toubro earnings" and got 8 results

L&T’s Q1 net profit jumps 46%; board approves ₹10,000 crore share buyback

Katya Naidu

The exodus of Mindtree executives has dented earnings and now shareholders are running for the hills — over to AM Naik

Prabhjote Gill

Calling in sick? Meet the Indian executive who made nearly $3 million for leaves he didn’t take

Dilsher Dhillon

Government orders might continue saving capital goods companies

BI India Bureau

India’s jet-set: Here’s how billionaires earned, lost and donated in 2022

Bhakti Makwana

Goldman Upgrades India To 'Overweight', Sees Nifty At 7,600 In A Year

Economic Times

These Are The 7 Nifty Stars To Look Out For In 2014

Economic Times

Hero MotoCorp’s Pawan Munjal earned whooping Rs 44 crore in 2014-15

BI India Bureau

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