L&T Q3 net up 18 pct, beats estimates
|
Last Updated: Mon, Jan 23, 2012 13:48 hrs
Larsen & Toubro, India's biggest engineering conglomerate, reported an 18 percent rise in quarterly net profit, beating market estimates, boosted by more contracts in overseas markets and other income.
Cartoon: How this Reliance move could bite the PM
The company, whose operations span engineering, construction, shipbuilding and software, said net profit rose to 9.92 billion rupees in the quarter ended on December 31 from 8.41 billion rupees a year earlier.
Brokerages polled by Reuters expected net profit of 8.81 billion rupees.
Bill Gates: His Life in pictures
Shares in Larsen, which has a market value of $15.6 billion, lost nearly half its value in 2011, compared to a roughly 25 percent drop in the main Mumbai index.
most popular on facebook
talking point on sify finance
today's most read on sify finance
- Petrol carmakers announce up to Rs 50000 in discounts Read 1808 Times
- Nude maid service raising eyebrows in Texas city Read 478 Times
- A Chennai restaurant's unique Saturday night dinner Read 372 Times
- Petrol price hike leaves people, parties fuming Read 321 Times
- Shyamal Majumdar: Air India's rich 'workmen' Read 145 Times
