L&T Q2 net rises 42.4% to Rs 1,137 crore

Engineering and construction major Larsen and Toubro (L&T) on Monday reported 42.4 per cent growth in net profit at Rs 1,137 crore for the quarter ended September 30, 2012, as against Rs 798 crore for the similar quarter a year ago.

Total income of L&T rose to Rs 13,524.62 crore for the quarter under review from Rs 11,564.25 crore for the quarter ended September 30, 2011, the company said in a statement, adding, “It has been sustaining its growth momentum on the back of strong diversified business portfolio... and robust order book, the company is placed well to realise its near-term targets and medium-term plans.”

The company recorded higher order inflow at Rs 20,967 crore, registering a growth of 30 per cent year-on-year, it said.

The maximum orders were from some of the segments like building and factories and infrastructure, L&T said, adding, “Order book stood healthy at Rs 1,58,528 crore as at September 30, 2012 and out of this international order book constituted 12 per cent.”