![L&T Q1 profit surges 46%; announces first ever share buyback of ₹10,000 crore](https://images.assettype.com/fortuneindia%2F2021-06%2Fd4bbc08b-fe27-44e3-a4ce-7f11d189f9f9%2FL_T_House_R2.jpg?rect=0,0,1448,724&w=300&q=95)
L&T Q1 profit surges 46%; announces first ever share buyback of ₹10,000 crore
The board of L&T approved the buyback of up to 3.33 crore equity shares worth ₹10,000 crore at ₹3,000 apiece, a premium of 17% from the current trading price.
The board of L&T approved the buyback of up to 3.33 crore equity shares worth ₹10,000 crore at ₹3,000 apiece, a premium of 17% from the current trading price.
The construction giant reported revenues of ₹35,853 crore for the quarter ended June.