Larsen & Toubro Profit grows by 73%

Larsen & Toubro (L&T) announced their numbers today and the company has posted excellent Results for the quarter ended September 30,2007.

The Company registered a profit after tax of Rs 348 crore, growth of 73% over the correspoding quarter previous year.

Gross sales stood at Rs 5574 crore for the which registered at year on year growth of 47%.

Following is the Segments wise breakup of Larsen & Toubro Results

Engineering & Construction (E&C) Segment revenue for the quarter ended September 30, 2007 was at Rs. 4263 crore reflect an increase of 55% when compared to the same period of the previous year.

Electrical & Electronics segment maintained steady growth in its Order Inflow and Sale with the segment revenue at Rs. 672 crore for the quarter ended September 30, 2007 which grew by 44 % .

Machinery & Industrial Products Segment posted Revenue of Rs. 592 crore during the quarter ended September 30, 2007, registering a healthy increase of 36% over the same period of the previous year.

The stock closed up today 3,872.80 426.60 (12.38%) on the NSE based on the good numbers the company have posted.