Larsen & Toubro Limited has unveiled its latest shareholding reports, covering the quarter and the first half of the fiscal year ending on (Q4-Mar 2023-2024).This comprehensive report offers a deep dive into the company’s shareholding landscape, including details on Promoters, promoter groups, Foreign investors, public investors, and government entities. Through meticulous comparative analysis, it tracks the evolution of shareholding percentages and quantities, highlighting any shifts in ownership dynamics. Investors gain invaluable insights into the company’s ownership structure and the evolving investment landscape.
| Shareholder Name | Previous Quater Quantity(In Crores) | Current Quater Quantity(In Crores) | Previous Quater Shares(in %) | Current Quater Shares(in %) | Quater to Quater Difference |
|---|---|---|---|---|---|
| Promoters | 0.00 | 0.00 | 0 | 0 | 0 |
| Public | 49.93 | 50.43 | 36.81 | 37.19 | +0.38 % |
| DII | 50.84 | 51.82 | 37.47 | 38.22 | +0.75 % |
| FII | 34.58 | 33.03 | 25.49 | 24.36 | -1.13 % |
| Government | 0.31 | 0.31 | 0.23 | 0.23 | 0 |
Promoters shareholding remained stable, at 0% in both December 2023 and March 2024. This indicates that the promoters’ control over the company did not change during this period. DIIs (Domestic Institutional Investors) shareholding increased from 37.47% in December 2023 to 38.22% in March 2024 , indicating that domestic institutions increased their stake in the company by 0.75% . FIIs (Foreign Institutional Investors) shareholding decreased from 25.49% in December 2023 to 24.36% in March 2024 ,indicating that foreign institutions reduced their investments by 1.5% in the company during the quarter. This suggests a pullback in their investment .During quater from December 2023 to March 2024, Goverenment ownership remained steady at 0.23%.This indicates that the government’s stake in the company remained consistent during this period.
Let’s delve deeper into the statistics of the investors, which could have contributed to the fluctuations in the shareholding pattern.
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| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Resident Individuals holding nominal share capital up to Rs. 2 lakhs | 25.345 | 25.622 | 18.68 | 18.9 | + 0.22 % |
| Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs | 1.105 | 1.058 | 0.81 | 0.78 | -0.03 % |
| Non Resident Indians (NRIs) | 1.536 | 1.581 | 1.13 | 1.17 | + 0.04 % |
| Any Other (specify) | 19.931 | 20.146 | 14.69 | 14.86 | + 0.17 % |
| L&T Employee Trust | 0 | 19.489 | 0 | 14.37 | +14.37% |
| Trusts | 19.320 | 19.543 | 14.24 | 14.41 | + 0.17 % |
| HUF | 0.522 | 0.544 | 0.38 | 0.4 | + 0.02 % |
| Clearing Members | 0.016 | 0.026 | 0.01 | 0.02 | + 0.01 % |
| NATIONALISED BANKS | 0.073 | 0.033 | 0.05 | 0.02 | -0.03 % |
| L&T EMPLOYEES TRUST | 19.266 | 0 | 14.2 | 0 | -14.2% |
Spearheading a savvy charge towards increased profitability, Resident Individuals holding nominal share capital up to Rs. 2 lakhs lifts the bar with a remarkable 0.22 % enhancement in net profit, revealing adroit resource allocation and sharpened commercial instincts.Observations indicate a sizeable -0.03 % variance in Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Spearheading a savvy charge towards increased profitability, Non Resident Indians (NRIs) lifts the bar with a remarkable 0.04 % enhancement in net profit, revealing adroit resource allocation and sharpened commercial instincts.Spearheading a savvy charge towards increased profitability, Any Other (specify) lifts the bar with a remarkable 0.17 % enhancement in net profit, revealing adroit resource allocation and sharpened commercial instincts.Spearheading a savvy charge towards increased profitability, Trusts lifts the bar with a remarkable 0.17 % enhancement in net profit, revealing adroit resource allocation and sharpened commercial instincts.Spearheading a savvy charge towards increased profitability, HUF lifts the bar with a remarkable 0.02 % enhancement in net profit, revealing adroit resource allocation and sharpened commercial instincts.Spearheading a savvy charge towards increased profitability, Clearing Members lifts the bar with a remarkable 0.01 % enhancement in net profit, revealing adroit resource allocation and sharpened commercial instincts.Observations indicate a sizeable -0.03 % variance in NATIONALISED BANKS’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.L&T Employee Trust had no shares in the previous quarter but now holds 14.37% of shares in the current quarter.L&T EMPLOYEES TRUST had 14.2% of shares in the previous quarter but exited in the current quarter.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Mutual Funds/ | 23.077 | 24.208 | 17.01 | 17.85 | + 0.84 % |
| SBI RETIREMENT BENEFIT FUND – AGGRESSIVE PLAN | 0 | 5.618 | 0 | 4.14 | +4.14% |
| UTI NIFTY INDEX FUND | 0 | 1.701 | 0 | 1.25 | +1.25% |
| NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA ETF | 0 | 1.583 | 0 | 1.17 | +1.17% |
| KOTAK EQUITY HYBRID | 0 | 1.465 | 0 | 1.08 | +1.08% |
| HDFC MUTUAL FUND – HDFC S&P BSE 500 ETF | 0 | 2.508 | 0 | 1.85 | +1.85% |
| ICICI PRUDENTIAL NIFTY50 EQUAL WEIGHT INDEX FUND | 0 | 4.068 | 0 | 3 | +3% |
| Banks | 0.005 | 0.029 | 0 | 0.02 | + 0.02 % |
| Insurance Companies | 23.847 | 23.641 | 17.58 | 17.44 | -0.14 % |
| LIFE INSURANCE CORPORATION OF INDIA | 0 | 15.171 | 0 | 11.19 | +11.19% |
| ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED | 1.616 | 1.582 | 1.19 | 1.17 | -0.02 % |
| GENERAL INSURANCE CORPORATION OF INDIA | 2.192 | 2.166 | 1.62 | 1.6 | -0.02 % |
| Provident Funds/ Pension Funds | 2.725 | 2.754 | 2.01 | 2.03 | + 0.02 % |
| NPS TRUST- A/C UTI RETIREMENT SOLUTIONS PENSION FUND | 0 | 2.754 | 0 | 2.03 | +2.03% |
| SBI LONG TERM ADVANTAGE FUND – SERIES V | 5.873 | 0 | 4.33 | 0 | -4.33% |
| UTI NIFTY50 EQUAL WEIGHT INDEX FUND | 1.711 | 0 | 1.26 | 0 | -1.26% |
| NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA | 1.441 | 0 | 1.06 | 0 | -1.06% |
| KOTAK FLEXICAP FUND | 1.395 | 0 | 1.03 | 0 | -1.03% |
| HDFC MUTUAL FUND-HDFC ARBITRAGE FUND | 2.386 | 0 | 1.76 | 0 | -1.76% |
| BHARAT 22 ETF | 3.633 | 0 | 2.68 | 0 | -2.68% |
| LICI LIFE NON-PAR | 15.345 | 0 | 11.31 | 0 | -11.31% |
| NPS TRUST- A/C UTI RETIREMENT SOLUTIONS PENSION FU | 2.725 | 0 | 2.01 | 0 | -2.01% |
The latest quarter saw a considerable enhancement in profitability for Mutual Funds/, reflecting an uptick of 0.84 % in their net earnings. Such an outcome implies the successful implementation of sound cost optimization techniques and increased income sources, ultimately highlighting the favorable effect of the investor on the corporation’s overall monetary welfare.The latest quarter saw a considerable enhancement in profitability for Banks, reflecting an uptick of 0.02 % in their net earnings. Such an outcome implies the successful implementation of sound cost optimization techniques and increased income sources, ultimately highlighting the favorable effect of the investor on the corporation’s overall monetary welfare.Insurance Companies decreased their stake from 17.44% in the previous quarter to 17.58% in the current quarter. It describes a decrease in stakes over consecutive quarters, specifically by -0.14 %.ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED decreased their stake from 1.17% in the previous quarter to 1.19% in the current quarter. It describes a decrease in stakes over consecutive quarters, specifically by -0.02 %.GENERAL INSURANCE CORPORATION OF INDIA decreased their stake from 1.6% in the previous quarter to 1.62% in the current quarter. It describes a decrease in stakes over consecutive quarters, specifically by -0.02 %.The latest quarter saw a considerable enhancement in profitability for Provident Funds/ Pension Funds, reflecting an uptick of 0.02 % in their net earnings. Such an outcome implies the successful implementation of sound cost optimization techniques and increased income sources, ultimately highlighting the favorable effect of the investor on the corporation’s overall monetary welfare.SBI RETIREMENT BENEFIT FUND – AGGRESSIVE PLAN had no shares in the previous quarter but now holds 4.14% of shares in the current quarter.UTI NIFTY INDEX FUND had no shares in the previous quarter but now holds 1.25% of shares in the current quarter.NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA ETF had no shares in the previous quarter but now holds 1.17% of shares in the current quarter.KOTAK EQUITY HYBRID had no shares in the previous quarter but now holds 1.08% of shares in the current quarter.HDFC MUTUAL FUND – HDFC S&P BSE 500 ETF had no shares in the previous quarter but now holds 1.85% of shares in the current quarter.ICICI PRUDENTIAL NIFTY50 EQUAL WEIGHT INDEX FUND had no shares in the previous quarter but now holds 3% of shares in the current quarter.LIFE INSURANCE CORPORATION OF INDIA had no shares in the previous quarter but now holds 11.19% of shares in the current quarter.NPS TRUST- A/C UTI RETIREMENT SOLUTIONS PENSION FUND had no shares in the previous quarter but now holds 2.03% of shares in the current quarter.SBI LONG TERM ADVANTAGE FUND – SERIES V had 4.33% of shares in the previous quarter but exited in the current quarter.UTI NIFTY50 EQUAL WEIGHT INDEX FUND had 1.26% of shares in the previous quarter but exited in the current quarter.NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA had 1.06% of shares in the previous quarter but exited in the current quarter.KOTAK FLEXICAP FUND had 1.03% of shares in the previous quarter but exited in the current quarter.HDFC MUTUAL FUND-HDFC ARBITRAGE FUND had 1.76% of shares in the previous quarter but exited in the current quarter.BHARAT 22 ETF had 2.68% of shares in the previous quarter but exited in the current quarter.LICI LIFE NON-PAR had 11.31% of shares in the previous quarter but exited in the current quarter.NPS TRUST- A/C UTI RETIREMENT SOLUTIONS PENSION FU had 2.01% of shares in the previous quarter but exited in the current quarter.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Foreign Portfolio Investors Category I | 33.220 | 31.760 | 24.49 | 23.43 | -1.06 % |
| GOVERNMENT OF SINGAPORE – E | 0 | 3.901 | 0 | 2.88 | +2.88% |
| Foreign Portfolio Investors Category II | 1.296 | 1.223 | 0.96 | 0.9 | -0.06 % |
| Any Other(Institutions (Foreign)) | 0.068 | 0.044 | 0.05 | 0.03 | -0.02 % |
| FOREIGN INSTITUTIONAL INVESTORS | 0.068 | 0.044 | 0.05 | 0.03 | -0.02 % |
| GOVERNMENT OF SINGAPORE | 4.619 | 0 | 3.4 | 0 | -3.4% |
Profitability dwindled by -1.06 % for Foreign Portfolio Investors Category I in comparison to the preceding quarter. To secure a foundation for prospective sustainable progress, investigating the factors prompting this decline is vital.Profitability dwindled by -0.06 % for Foreign Portfolio Investors Category II in comparison to the preceding quarter. To secure a foundation for prospective sustainable progress, investigating the factors prompting this decline is vital.Profitability dwindled by -0.02 % for Any Other(Institutions (Foreign)) in comparison to the preceding quarter. To secure a foundation for prospective sustainable progress, investigating the factors prompting this decline is vital.Profitability dwindled by -0.02 % for FOREIGN INSTITUTIONAL INVESTORS in comparison to the preceding quarter. To secure a foundation for prospective sustainable progress, investigating the factors prompting this decline is vital.GOVERNMENT OF SINGAPORE – E had no shares in the previous fiii quarter but now holds 2.88% of shares in the current quarter.GOVERNMENT OF SINGAPORE had 3.4% of shares in the previous quarter but exited in the current quarter.