Larsen & Toubro Ltd has posted a 40 per cent growth in its third quarter net profit, at Rs.482 crore against Rs.344crore in the same year-ago quarter. Execution of large size orders, judicious selection of orders with acceptable risk profile and improved cost management enabled the company to post an increase in operating profit, L&T said in a statement from Dubai.
Gross sales and service revenues, at Rs 6,462 crore (Rs 4,200 crore) for the quarter ended December 31, 2007 rose 54 per cent. International operations constituted 18 per cent of revenues. The order inflow during the quarter at Rs 13,019 crore was up 37 per cent.The engineering and construction segments order inflow at Rs 11,462 crore for third quarter grew by 40 per cent.
The segment revenues for the quarter under review stood at Rs 4,962 crore (Rs 3,161 crore), reflecting an increase of 57 per cent. The segment ended the quarter with an order book of Rs 47,605 crore.
On Monday, the companys shares on the BSE closed lower by 1.18 per cent at Rs 3,844.
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| Posted : 1/29/2008 |
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