L&T gains 2% on good Q2 numbers

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L&T gains 2% on good Q2 numbers
Shares of the Larsen and Toubro rose 2% after the company posted better than expected second quarter results.

The shares of the company hit a 52-week high, were seen trading at Rs 1698, higher by 1.74% on BSE after touching an intra-day high of Rs 1701 at 11.30 am IST.

The company posted net profit of Rs 13328 crore for the quarter ended September 30,2012, registering 17% growth year-on-year.

International sales during this quarter constituted 21% of the total revenue. L&T order inflow rose by 30% y-o-y to Rs 20967 crore.

L&T's recurring profit after tax (PAT) rose 15% to Rs 915 crore on 17% growth in gross revenue to Rs 13328 crore in Q2 September 2012 over Q2 September 2011.

After considering certain exceptional and extra-ordinary items of income, the overall PAT jumped 42% to Rs 1137 crore in Q2 September 2012.


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