Larsen and Toubro Q3 net rises 9 per cent, at Rs 867 crore

Larsen and Toubro (L&T) has reported 8.7 per cent rise in consolidated net profit for the third quarter at Rs 866.54 crore on higher revenue.

"The engineering and construction firm had clocked Rs 796.66 crore net profit in the October-December quarter of last financial year," it said in a filing to the Bombay Stock Exchange.

L&T's revenue grew 9.6 per cent to Rs 24,033 crore in which international business contributed Rs 6,400 crore. The company had reported Rs 21,929 crore revenue in the same period of last fiscal.

Consolidated order-book of the company stood at Rs 225,788 crore as on December 31, higher by 17 per cent.

International orders constituted 25 per cent of the total order-book.

"The company, with its leadership position in multiple sectors and inherent capabilities, is well poised to capitalise on the upcoming business opportunities, particularly in infrastructure, power and defence sectors, which are likely to benefit from the government's thrust," it added.