L&T Q3 Net Up 9 per cent at Rs 866 Crore

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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.

L&T Q3 Net Up 9 per cent at Rs 866 Crore
Larsen & Toubro: Quotes, News
BSE 1510.50BSE Quote6.45 (0.43%)
NSE 1510.85NSE Quote7.2 (0.48%)

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.


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