L&T Q3 net profit jumps 48% to Rs 1,618 cr

Infrastructure giant Larsen and Toubro (L&T) today reported a 48.41 per cent jump in its consolidated net profit at Rs 1,618 crore for the third quarter ended December 31, 2017.
It had reported a net profit of Rs 1,090 crore in October-December quarter in the year-ago period, L&T said in a filing to the BSE.
L&T's total income was up 9.03 per cent during the quarter under review to Rs 28,960.36 crore as against Rs 26,561.25 crore of the corresponding quarter.
Its total expenses stood at Rs 26,420.43 crore, up 6.17 per cent, as against Rs 24,882.85 crore of Q3/FY 2017-18.

"The company won fresh orders worth Rs 48,130 crore at the group level during the quarter ended December registering a growth of 38 per cent, with strong ordering activity witnessed during the quarter," the company said.
On the outlook, L&T said that the company seeks to pursue interesting opportunities for growth both in domestic and international markets.
"The company possesses the necessary capability to continuously rebalance its approach and strategy to benefit from the dynamic business environment," L&T said.
Shares of L&T today settled at Rs 1,416.60 apiece on BSE, down 0.87 per cent from the previous close.