L&T Fin Q3 net profit down 62 per cent at Rs 109 crore

Jan 23 2014, 23:34 IST
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L&T has posted a net profit of Rs 2,94.63 crore for the quarter ended December 31, 2012. Reuters L&T has posted a net profit of Rs 2,94.63 crore for the quarter ended December 31, 2012. Reuters
SummaryL&T has posted a net profit of Rs 2,94.63 crore for the quarter ended December 31, 2012.

Larsen & Toubro Ltd consolidated net profit for the third quarter ended December 2013 fell by 62.8 per cent to Rs 109.69 crore.

"The group has posted a net profit of Rs 1,09.69 crore for the quarter ended December 31, 2013 where as the same was at Rs 2,94.63 crore for the quarter ended December 31, 2012," it said in a regulatory filing to the BSE today.

Total income of the company stood at Rs 1,315.24 crore versus Rs 993.05 crore a year earlier.

"Figures for the quarter ended December 31, 2012 are not comparable with other periods on account of acquisitions of subsidiaries...during the third quarter of the previous financial year," the company said in the statement.

On standalone basis, the net profit stood at Rs 50.18 crore during October-December quarter of 2013-14, down from Rs 189.22 crore over the same period a year earlier.

Total standalone income increased from Rs 17.22 crore to Rs 72.65 crore a year ago, it added.

Shares of the company today closed 0.68 per cent higher at Rs 73.60 apiece on the BSE Sensex.

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