Larsen & Toubro reports 6.5 pct rise in quarterly profit

By: | Updated: November 8, 2014 7:30 PM

Indian industrial group Larsen & Toubro Ltd (L&T) reported a 6.5 percent rise in its second quarter profit...

Larsen & Toubro Ltd (L&T) reported a 6.5 percent rise in its second quarter profit. ReutersLarsen & Toubro Ltd (L&T) reported a 6.5 percent rise in its second quarter profit. Reuters

Larsen & Toubro Ltd (L&T) reported a 6.5 percent rise in its second quarter profit on Friday, beating analyst forecasts after winning new orders in its infrastructure, power and hydrocarbons businesses.

The company said in a statement that net profit came in at 10.42 billion rupees ($169 million) for the three months to September 30. The average estimate of eleven analysts polled by Thomson Reuters was for L&T to make 9.52 billion rupees.

Last year L&T, which lays roads, constructs ships, makes power plant equipment and develops real estate, reported net profit of 9.78 billion rupees.

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