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L&T Q2 net up 4.3%, beats estimates

L&T Q2 net up 4.3%, beats estimates
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First Published: Fri, Oct 21 2011. 02 06 PM IST

Updated: Fri, Oct 21 2011. 02 06 PM IST
Mumbai: India’s biggest engineering conglomerate, Larsen & Toubro Ltd (L&T), posted a 4.3% rise in quarterly net profit as it won new infrastructure orders, beating street estimates.
L&T said net profit for the fiscal second quarter ended 30 September rose to Rs798 crore ($159 million) from Rs765 crore reported a year ago.
A Reuters poll of brokerages had forecast net profit of Rs764 crore.
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First Published: Fri, Oct 21 2011. 02 06 PM IST