L&T Q2 Net up 7 pc at Rs 862 crore

Engineering and construction major Larsen and Toubro today reported a 7 per cent rise in consolidated net profit for the July-September quarter at Rs 862 crore on higher revenues.
The company had reported Rs 806 crore net profit after tax, minority interest and share in profit of associates, it said in a statement.
The consolidated gross revenue of the company grew by 10.4 per cent to Rs 21,331 crore during the reported quarter from Rs 19,314 crore in the same period a year ago.
"The international revenue during the quarter at Rs 6,562 crore constituted 31 per cent of the total revenue," L&T said.

L&T received Rs 39,397 crore fresh orders during the quarter, registering a growth of 17 per cent.
Consolidated order book of the Group, as on September 30, 2014, stood at Rs 2,14,429 crore, higher by 14 per cent on a year-on-year basis. International order book constituted 27 per cent of the total order book.
"The domestic business sentiment has improved on the high expectations from the new government for reviving the growth momentum ... The company is poised to grow its domestic order book and maintain its leadership position as the opportunities emerge," it said.
Shares of the firm closed at Rs 1,652.80, down 0.86 per cent on the BSE.