Larsen & Toubro Q3 net profit up 13% on strong order wins, beats forecast

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L&T reported a net profit of 11.22 billion rupees for the third quarter compared with 9.92 billion rupees a year earlier.  (IE Photo) L&T reported a net profit of 11.22 billion rupees for the third quarter compared with 9.92 billion rupees a year earlier. (IE Photo)
SummaryLarsen and Toubro (L&T) reported over 13% jump in standalone net profit to Rs 1,121.75 crore.

sector, the company said.

Shares of the company were trading at Rs 1,597.95 apiece on the BSE during late afternoon trade, up 2.35 per cent from previous close.

India's L&T Q3 net up 13 pct on strong order wins, beats forecast

Larsen & Toubro (L&T), India's top construction and engineering company, reported a 13 percent increase in net profit for the Oct-Dec quarter helped by strong order wins, beating forecast.

L&T reported a net profit of 11.22 billion rupees for the third quarter compared with 9.92 billion rupees a year earlier.

Sales rose 10 percent to 154.29 billion rupees.

Analysts expected the company to report a net profit of 10.79 billion rupees on sales of 160.96 billion rupees.

At 0816 GMT, shares in L&T, valued by the market at about $17.8 billion, were up 1.6 percent at 1,586 rupees in a negative Mumbai market.

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