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.

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