Larsen & Toubro's Q3 net up 18 per cent, beats estimates

Conglomerate Larsen and Toubro (L&T) on Monday reported a 17.96 per cent 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 per cent at Rs 14,447.29 crore from Rs 11,646.52 crore in the corresponding period of last financial year, the company said in a regulatory filing to the Bombay Stock Exchange (BSE).


Net sales in the quarter under review rose 22.84 per cent 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 per cent 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 per cent at Rs 1,282.14 crore from Rs 1,056.81 crore in the corresponding period of 2010-11.