L&T Q3 net jumps 53% to Rs 15 bn; revenue rises 10% to Rs 287.5 bn

In the quarter under review, the companies also provisioned for receivables worth Rs 2 billion

Engineering conglomerate Larsen & Toubro (L&T) witnessed a significant improvement in its overall profitability in the December quarter with a 53 per cent jump in its consolidated net profit at Rs 14.9 billion. New orders for the company also saw a welcome respite after a lull seen in the first two quarters of the current financial year.

While the company remains hopeful to continue with the momentum, the management added key decisions taken in the run-up to the election year of 2019 will be crucial.

The net profit rose 53 per cent over Rs 9.7 billion reported in the same