Monday, October 18, 2010

L&T Q2 net profit up 31% at Rs 765 cr

L&T posted a better-than-expected result for the second quarter after its net profit rose 32 per cent. The company said that its net profit rose to Rs. 764.98 crore in quarter ended September 30, beating the average estimate Rs. 663 crore

The engineering and construction major’s net sales rose 17.66 per cent to Rs. 9,260 crore during the second quarter, topping the estimates of analysts who saw it at Rs. 8,644 crore in an NDTV poll.