MUMBAI Oct 22 Larsen & Toubro,
India's top construction and engineering company, beat estimates
with a 42.4 percent rise in net profit for the July-Sept
quarter, the company said on Monday, helped by a one-time gain
and higher revenue booking.
The Mumbai-based engineering conglomerate said net profit
rose to 11.37 billion rupees ($211.8 million) during the second
quarter of the fiscal year from 7.98 billion rupees a year
earlier. Excluding a one-time gain during the quarter, L&T
reported a net profit of 9.15 billion rupees.
Market expected a profit of 8.76 billion rupees, according
to Thomson Reuters I/B/E/S.
Sales rose 17.3 percent to 131.95 billion rupees.
($1= 53.69 rupees)
(Writing by Henry Foy; Editing by G.Ram Mohan)