L&T Q3 net halves to Rs 758.82 cr

Its total income decreased from Rs 8,924.32 crore for quarter ended December 31, 2008 to Rs 8,355.75 crore for quarter ended December 31, 2009, a drop of 6.37 per cent. The company attributed the drop in net profits to project delays on account of slow down in financial closure, decision-making and execution of several projects. L&T’s order book stands at Rs 91,000 crore.

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