L&T reports PAT of Rs 1122 crores for Q3 FY 13; stock up

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L&T reports PAT of Rs 1122 crores for Q3 FY 13; stock up
India's largest engineering and construction company, L&T reported net profits of Rs 1122 crores for the quarter ended December 31, 2012.

Total income has increased from Rs 14,407 crores in December 31, 2011 to Rs 15,959 crores for the quarter ended December 31, 2012.

The company has reported an order inflow Rs 19,545 crores for the period Oct-December 2012. The upward trend in the order book was sustained for the third consecutive quarter.

The engineering and construction segment achieved a revenue of Rs 13,858 crores for the quarter, while the electrical and electronics business reported revenue of Rs 830 crores.

"The Indian economy continues to grapple with challenges of persisting inflationary pressures, volatile currency market, tight liquidity conditions and impaired investment climate," the company has stated.

The stock of L&T was up 2.33 per cent at Rs 1588.

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