<p> <br />L&T’s total income jumped to Rs 7,631.05 crore from the comparable quarter in the previous fiscal at Rs 7,103.26 crore. <br /> <br />The jump in net profit was largely driven by the sale of 11 per cent stake in UltraTech Cement for Rs 1,019.88 crore early this year. <br /><br />Independent of this one-off gain, L&T’s first quarter net profit of the current fiscal showed only a growth of 13 per cent to Rs 851.35 crore versus Rs 755.08 crore in the corresponding quarter of fiscal 2008-09.<br /><br />L&T Executive Vice President (Finance) Shankar Raman said the spending on infrastructure by the government including PSUs would augur well for the company.</p>
<p> <br />L&T’s total income jumped to Rs 7,631.05 crore from the comparable quarter in the previous fiscal at Rs 7,103.26 crore. <br /> <br />The jump in net profit was largely driven by the sale of 11 per cent stake in UltraTech Cement for Rs 1,019.88 crore early this year. <br /><br />Independent of this one-off gain, L&T’s first quarter net profit of the current fiscal showed only a growth of 13 per cent to Rs 851.35 crore versus Rs 755.08 crore in the corresponding quarter of fiscal 2008-09.<br /><br />L&T Executive Vice President (Finance) Shankar Raman said the spending on infrastructure by the government including PSUs would augur well for the company.</p>
