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Business EconomyPosted at: Jan 29 2016 5:27PM


Larsen & Toubro Consoldated Q3 net profit rises by 19.42 percent

Mumbai, Jan 29 (UNI) Larsen & Toubro (L&T), an engineering and construction conglomerate, reported asteady growth of 19.42 percent in its consolidated net profit for the quarter ended December 2015
at Rs 1,034.80 crore compared with net profit of Rs 866.54 crore in the same quarter last year.
Total Consolidated Income has increased from Rs 24,084.59 crore for the quarter ended December 31, 2014 to Rs 26,280.94 crore for the quarter ended December 31, 2015, repersenting an increase of 9.12 percent
Operating margin for the quarter stood at 7.86 percent as compared to 9.25 percent for the previous year period. Operating Income for the quarter was Rs 2,030.07 crore, compared with Rs 2,206.74 crore in the previous year period.
Earnings per share for the quarter stood at Rs 11.07, registering 19.42 percent growth over previous year period.
The company garnered fresh orders worth Rs 38,528 crore at the group level during the quarter ended December 31, 2015. The International order inflow during the quarter at Rs 11,115 crore constituted 29
percent of the total order inflow. Major orders during the quarter were secured by the Infrastructure segment.
On a cumulative basis, the order inflow for the nine months period ended December 31, 2015 stood at Rs 93,524 crore with the International order inflow accounting for 32 percent Consolidated order book of the group stood at Rs 2564.58 billion as at December.. 31, 2015, higher by 14 percent on a year-on-year basis with International Order Book constituting 27 percent of the order book.
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