L&T Q3 net jumps 13% to Rs 1,122 crore
25 Jan 2013 8:23 AM IST
Engineering and construction major Larsen and Toubro (L&T) on Thursday reported over 13 per cent jump in standalone net profit to Rs 1,121.75 crore for the quarter ended 31 December 2012, on the back of good sales and increase in other income.
The company had reported a net profit of Rs 991.66 crore in the same quarter last fiscal. Net sales of the company were up 10.34 per cent to Rs 15,429.36 crore during the current quarter vis-a-vis Rs 13,983.61 crore in the October-December quarter of FY12, it said in a filing to the BSE.
Moreover, the company registered over 25 per cent growth in its other income, mainly interests earned on deposits, to Rs 530.18 crore during the quarter, while its total expenditure went up over 10 per cent to Rs 14,154.78 crore.
In a separate statement, L&T said that it received new orders worth Rs 19,545 crore during October-December period, registering a growth of 14 per cent. 'Order inflow at Rs 19,545 crore during October-December 2012 recorded year-on-year growth of 14 per cent ...International order inflow contributed 22 per cent of the total order inflow during the quarter,' it said.
As on 31 December 2012, the company had a total order book of Rs 1,62,334 crore, it further said, adding that major orders were received from buildings and factories, infrastructure and power transmission and distribution sectors.
With strong order book, the company expects to sustain its growth in the period ahead, L&T further said.
The company had reported a net profit of Rs 991.66 crore in the same quarter last fiscal. Net sales of the company were up 10.34 per cent to Rs 15,429.36 crore during the current quarter vis-a-vis Rs 13,983.61 crore in the October-December quarter of FY12, it said in a filing to the BSE.
Moreover, the company registered over 25 per cent growth in its other income, mainly interests earned on deposits, to Rs 530.18 crore during the quarter, while its total expenditure went up over 10 per cent to Rs 14,154.78 crore.
In a separate statement, L&T said that it received new orders worth Rs 19,545 crore during October-December period, registering a growth of 14 per cent. 'Order inflow at Rs 19,545 crore during October-December 2012 recorded year-on-year growth of 14 per cent ...International order inflow contributed 22 per cent of the total order inflow during the quarter,' it said.
As on 31 December 2012, the company had a total order book of Rs 1,62,334 crore, it further said, adding that major orders were received from buildings and factories, infrastructure and power transmission and distribution sectors.
With strong order book, the company expects to sustain its growth in the period ahead, L&T further said.
Next Story
