Engineering and construction major Larsen & Toubro (L&T) on Monday announced a 42% year-on-year rise in net profit at Rs. 1,137 crore for the July-September quarter against the same period last year on the back of a 30% increase in order inflows and successful global business.
The results sent the company’s stock up to Rs. 1,674 on the Bombay Stock Exchange, a 52-week high, before ending up 2.2% at Rs. 1,668.
It also reported a 17% growth in revenue at Rs. 13,195 crore during the quarter.
L&T also gained from an exceptional income of Rs. 222 crore in the quarter — Rs. 179 crore from selling its plastic business and the remainder from selling its stake in Mahindra Satyam.
L&T bagged orders worth Rs. 20,967 crore during the quarter.