L&T Q2 net up 32% at Rs460 cr

L&T Q2 net up 32% at Rs460 cr


Mumbai: Engineering firm Larsen and Toubro today announced a profit after tax of Rs460.26 crore, a 32.25% growth over the corresponding period a year-ago.

The company had a net profit of Rs348.02 crore for the second quarter of FY’08, L&T said in a filing to the Bombay Stock Exchange.

The total income rose 40% to Rs7,842.26 crore for the quarter under review, from Rs5,614.51 in the same period last fiscal.

For the six months ended on 30 September, L&T reported a net profit of Rs962.7 crore, a 32.87% growth over the same period a year-ago. It had a net profit of Rs724.87 crore in the corresponding period in FY’08.

Further, net sales during the six month ending 30 September, increased 46% to Rs14,583.63 crore.

Shares of the company were trading at Rs904.95, down 9.83% in the afternoon trade on the BSE.