L&T net surges 96 % at Rs 259.27 cr

BS 200 SCORECARD

Larsen & Toubro (L&T) posted a 95.90 per cent growth in net profit at Rs 259.27 crore in the third quarter of the current financial year compared with Rs 132.35 crore reported in the corresponding period in the previous year.

The net sales, during the period, went up 13.52 per cent to Rs 3,666.36 crore from the corresponding previous period's Rs 3,229.46 crore.

L&T reported a profit before tax of Rs 289.60 crore, a 54.84 per cent growth over PBT of Rs 187.03 crore reported in the previous corresponding quarter.

Earnings per share improved to Rs 19.39 for the quarter compared to 10.31 in the previous corresponding quarter. The L&T stock today closed at Rs 1900.3 on the Bombay Stock Exchange, 3.13 per cent higher than yesterday's close of Rs 1,842.55.

L&T reported growth of 108 per cent in its order booking at Rs 7,397 crore for the quarter ended December 31,2005.

During the quarter, the company sold the glass container business along with the manufacturing plant at Nashik, as part of its strategy to exit from non-core businesses.