L&T Quarter Profit Increase 32% Net Gain Increased To Rs 765 cr

L&T Quarter Profit Increase 32% Net Gain Increased To Rs 765 crL&T Ltd on Monday announced a 32 % increase in quarterly profit, defeating market estimations, on the back of a pick-up in order delivery.

Net gain increased to Rs 765 cr in the quarter ended Sept from Rs 580 cr last year. Complete revenue increased to Rs 9,331 cr from Rs 7,921 cr.

A Reuters poll of seventeen brokerages had believed net gain of Rs 657 cr on total sales of Rs 892 cr.

L and T has secured agreements for tasks worth crores in several sectors such as building of hospitals as well as home projects.

These types of contracts have improved B&FOC’s order book of the firm, that already has main design as well as construct projects in the IT parks, commercial space and air-ports.

Stocks in the firm, valued at 27.3 billion dollars have increased around 16 % up to now in 2010, in front of the 14 % rise in the benchmark index while in the same time period.

Be Sociable, Share!
Tags: ,

Stock Market Basics For Beginners

Mean For Preferential Issue

Mean For Preferential Issue A Preferential issue is an issue of stocks or of convertible securities through listed firms to a select number of person's under Section 81 of ...…

The Equity Market

The Equity Market The Indian Equity Market is more commonly known as the Indian share Market. The Indian stock (share) market has become the third biggest after China ...…

Stock Exchanges in India

Stock Exchanges in India Bombay Stock Exchange Ltd. Phone no; 022 22721234 Fax no; 22722082. Web id;  www.bseindia.com Address; Phiroze Jeejeebhoy Towers , ...…

Intraday Tips For Today

Intraday Tips For Today Nsestocktips.in provide intraday trading tips, daily update share tips , you want share tips on mebile subscribe our special offer plan for more share stock ...…

How does one buy Shares?

How does one buy Shares? Shares are bought and sold on the stock exchanges ( nse , bse market ) -- the two main ones in India are the NSE ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV