Larsen & Toubro (L&T) reported a consolidated profit after tax of Rs 3,359 crore for the December quarter, marking a 14% increase compared to the previous year. The company's strong performance was attributed to higher revenue from operations, particularly in its international execution and energy segments. Following the announcement, L&T's share price rose by 4.42%, reaching an intraday high of Rs 3,517.50. Analysts have maintained a bullish outlook on the stock, with Nomura setting a target price of ₹3,820, despite a slower-than-expected margin recovery and Q3 EBITDA below estimates. In related earnings news, Cholamandalam Investment & Finance Company also reported strong results, with net profit surpassing expectations and net interest income (NII) increasing by 33%. The company is expected to show healthy asset under management (AUM) growth, which has been positively received by the market.