Larsen & Toubro Q2 profit jumps 23% at Rs 22.30 billion, beats estimate

Industrial conglomerate Larsen & Toubro Ltd posted a 22.6 pct jump in Sept-quarter net profit, underpinned by higher order intake.

Net profit came in at Rs 22.30 billion in the second quarter, compared with Rs 18.20 billion a year earlier, company said on Wednesday.

Analysts on average had expected the Mumbai-headquartered company to post a net profit of Rs 17.19 billion, according to Refinitiv Eikon data.

Revenue from operations jumped 21.3 per cent to Rs 320.81 billion.

L&T's order book stood at Rs 2.81 trillion, as of September 30, of which, the international order book constituted 22 per cent.

The company recorded a one-off gain of Rs 2.95 billion in the quarter. It had reported an exceptional item of Rs 1.37 billion in the same period last year.