L&T's third quarter net profit up 18 pc

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SME Times News Bureau | 24 Jan, 2012
Conglomerate Larsen and Toubro (L&T) Monday reported a 17.96 percent rise in net profit for the third quarter of the current fiscal at Rs.991.55 crore from Rs.840.53 crore in the like period of the 2010-11.

Total income in the quarter under review increased by 24.08 percent at Rs.14,447.29 crore from Rs.11,646.52 crore in the corresponding period of last fiscal, the company said in a regulatory filing to the Bombay Stock Exchange (BSE).

Net sales in the quarter under review rose 22.84 percent at Rs.13,998.58 crore from Rs.11,395.78 crore in the like period of 2010-11.

Other income increased drastically by 78.94 percent at Rs.448.71 crore from Rs.250.76 crore.

Order inflow during the October-December quarter of FY12 stood at Rs 17,129 crore as against Rs 13,366 crore in the corresponding quarter of last fiscal.

The company's net revenue from construction and engineering business grew by 21.32 percent at Rs.1,282.14 crore from Rs.1,056.81 crore in the corresponding period of 2010-11.