Larsen and Toubro (L & T) net profit rose by 215% as compared to last year net profits. L&T reported net profit of Rs 1520.44 (including profit after tax: Rs 604.11 crores + Extraordinary profits: Rs 916.33 crores) for the quarter ended December 31, 2008 as compared to Rs. 481.79 crore in the same quarter last year. Company’s profit after tax rose to Rs. 604.11 crores as compared to Rs. 481.79 crores last year.
Net Sales of the engineering major L&T stood at Rs. 8593.96 crore for the quarter ended Dec. 31, 2008 against Rs. 6382.68 crore in the quarter ended Dec 31, 2007, a growth of 34.64 per cent.
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