L&T Q3 Results

The overall profit came in at Rs 2,352 crore, including the profit after tax (PAT) from discontinued operations for the quarter, up 15.2 per cent YoY.

Engineering and capital goods major L&T will announce its December-quarter financial result on January 22

During the quarter, operating margin of the L&T Group company improved 70 basis points to 16.2 per cent, owing to favourable cross-currency movement

A strong execution in project businesses, coupled with noteworthy performance in service businesses, led to a jump in revenue during the reporting period, the company said

Shares of Larsen and Toubro (L&T) today surged nearly 4 per cent after the company reported a 48.41 per cent jump in consolidated net profit for the third quarter ended December 31, 2017. The stock gained 3.74 per cent to touch its one-year high of Rs 1,469.60 on BSE. Similarly, shares of the company went up by 3.77 per cent to Rs 1,470 on NSE. The infrastructure giant yesterday reported 48.41 per cent jump in consolidated net profit at Rs 1,618 crore for the third quarter ended December 31, 2017. It had posted 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 at Rs 28,960.36 crore, against Rs 26,561.25 crore in the corresponding quarter.

Tech firm L&T Technology Services (LTTS) today reported 16.1 per cent increase in its consolidated net profit to Rs 126.3 crore for the December 2017 quarter. The company had registered a profit of Rs 108.7 crore in the year-ago period. Revenue was up 19.6 per cent to Rs 969.1 crore in the reported quarter from Rs 810.4 crore in the same quarter last fiscal. "Our growth was broad based with all verticals showing growth, including Process Industry which has rebounded. We are engaging with clients in areas like artificial intelligence for manufacturing, IIoT, next generation platform development and autonomous driving," L&T Technology Services CEO and MD Keshab Panda said. He added that the company's digital engineering portfolio has been increasing at a steady pace and now comprises 20 per cent of the revenues. LTTS' US dollar revenue was at USD 151 million for the said quarter, up 25.6 per cent year-on-year. At the end of the third quarter, the patents portfolio .