Wednesday, October 15, 2008

L&T Q2 net up 32 pc at Rs 460 cr

Mumbai, Oct 15 : Engineering firm Larsen and Toubro on Wednesday announced a profit after tax of Rs 460.26 crore, a 32.25 per cent growth over the corresponding period a year-ago.

The company had a net profit of Rs 348.02 crore for the second quarter of FY'08, L&T said in a filing to the Bombay Stock Exchange.

The total income rose 40 per cent to Rs 7,842.26 crore for the quarter under review, from Rs 5,614.51 in the same period last fiscal.

For the six months ended on September 30, L&T reported a net profit of Rs 962.7 crore, a 32.87 per cent growth over the same period a year-ago. It had a net profit of Rs 724.87 crore in the corresponding period in FY'08.

Further, net sales during the six month ending September 30, increased 46 per cent to Rs 14,583.63 crore.

Shares of the company were trading at Rs 904.95, down 9.83 per cent in the afternoon trade on the BSE.

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