Larsen & Toubro (L&T) has reported a 15.2% increase in net profit at Rs 666 crore for the quarter ended June 30, 2010 as compared to Rs 578 crore in the previous quarter a year ago.
According to a company release, the PAT for the corresponding quarter of the previous year at Rs 1,598 crore included an exceptional gain of Rs 1,020 crore from sale of its long-term investment in UltraTech Cement. Excluding this exceptional gain in the said quarter, PAT from normal operations grew by 15 per cent during the current quarter.
The higher operating margin of 12.9 per cent recorded by the company in the current quarter contributed to this growth, said the release.
During the quarter, the company won customer orders worth Rs 15,626 crore, registering a growth of 63 per cent over the corresponding quarter of the previous year. The company's order book stood at Rs 1,07,816 crore as on June 30, 2010.
There has been an increase of 6.4% in the net sales to Rs 7,835 crore.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app