For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    L&T gains 2% on good Q2 numbers

    |
    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.

    GoodReturns.in

    Read more about: larsen
    Story first published: Tuesday, October 23, 2012, 11:56 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more