Latest News
-
New Report Shows Scarce Diversity in Indian Advertising, Less Than 1% LGBTQI and Disabled Representation -
Supreme Court to Review Driving Licence Law Amendments on July 30 -
ZEE Entertainment Halts Sony Merger Process, Pulls Out of NCLT Application -
Aditya Birla Capital Sets Sights on Doubling Customers with Digital Drive -
Jindal Stainless and SBTi Collaborate to Achieve Net Zero Emissions by 2050 -
1:10 Split: Tata's 122-Year-Old Hotel Gaint To Declare Dividends, Q4 Earnings Soon: Technical View On Stock! -
Gold Prices In US: Yellow Metal Rates Near Record High Amid Geopolitical Unrest; Citi Sees Further Surge -
CRISIL March 2024 Quarter Sees 5.51% Net Profit Drop; Dividend Announced -
Apollo Tyres Gets Rs 2.06 Crore Tax Demand -
Closing Bell: Market Ends Lower For The 3rd Straight Session; Sensex & Nifty Plunge Lead By IT Stocks
L&T Q3 Net Up 9 per cent at Rs 866 Crore
Larsen and Toubro (L&T) on Monday reported its net profit for the third quarter ended December, 2014. The company reported 8.7 per cent rise in consolidated net profit for the third quarter at Rs 866 crore.
The company's total income was up 5 per cent at Rs 15,617 crores as against Rs 14,820 crores in December 2013.
The company had clocked Rs 796.66 crore net profit in the October-December quarter of last fiscal, it said in a BSE filing.
"The company, with its leadership position in multiple sectors and inherent capabilities, is well poised to capitalise on the upcoming business opportunities, particularly in infrastructure, power and defence sectors, which are likely to benefit from the government's thrust," PTI reports.
The company said that there was 56 per cent reduction in Metallurgical Segment. Hydrocarbons also saw dip in revenue on "Middle East execution challenges", the company added.
GoodReturns.in
