L&T's Q3 net up 18% at Rs 991.5 cr

Posted By: Religare
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L&T's Q3 net up 18% at Rs 991.5 cr
Larsen and Toubro Ltd (L&T) has posted the growth of 17.95 per cent in net profits for the third quarter ended December 31, 2011 at Rs 991.55 crore.

The company had posted the net profits of Rs 840.53 crore during the same period a year ago, said the company in its filing to the Bombay Stock Exchange on January 23, 2012.

Meanwhile, the net sales of the company grew 23 per cent to Rs 13,998.58 crore during Q3 FY12, as compared to Rs 11,395.76 crore during Q3 FY11.

Strong order inflows during the quarter have driven the growth numbers as they rose 28 per cent year-on-year to Rs 17,129 crore during the Q3 FY12. Company's order book as on December 31, 2011 stood at Rs 145,768 crore.

Besides, for the quarter ahead, company expects business environment to improve as shown by IIP numbers as well as gradual easing of inflationary pressures.

On Tuesday, the shares of the company were closed at Rs 1,349.50 up by 72 points or 5.64 on BSE.

Dion Global Solutions Ltd

Read more about: larsen, results, bse, revenue
Story first published: Monday, January 23, 2012, 23:38 [IST]
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