L&T Q2 FY11 Results : Net rises 31.80%

by khalid on 20/10/2010 · 0 comments

Larsen & Toubro Limited has posted a phenomenal increase in net profit for the period Q2 (ending Sep 2010) of the current fiscal (FY11). During the said quarter, net profit rises 31.80% to Rs 764.98 crore in comparison to the Rs 580.42 crore of Q2 (ending Sep 09) of previous year(FY10). Larsen & Toubro (L&T) is an Engineering and infrastructure major company. The company has a fine track record consists of implementation of turnkey projects in major core and infrastructure sectors of the Indian industry.

The company informed the share market(BSE) that the net sales increased 17.73% to Rs 9260.77 crore in quarter ended Sep 2010 when compared with the last years same quarter ended Sep 2009 which was Rs 7866.18 crore. The stock had outperformed the market over the past one month, rising 3.83% compared with the Sensex`s 3.19% rise. It underperformed the market in past one quarter, gaining 6.16% as against 12.37% rise in the Sensex.

Share’s Data :-
BSE Code : 500510
Mkt. Cap: Rs 120,620.08 Crores
Larsen & Toubro Ltd. (L&T) share’s CMP is Rs 1,994.05 on 19th Oct 2010

Source : BelltheBull

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