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Larsen and Toubro post 
666 Crore Q1 profit
Wednesday, 28 July 2010, 14:34 IST
New Delhi: Engineering and constructions giant Larsen and Toubro (L&T) Tuesday registered a profit 
666 crore in the first quarter of this fiscal as compared to 578 crore in the like quarter a year ago.
The company's profit for the like period of 2009-10 stood at 1,598 crore, which included 1,020 crore generated through the sale of the company's long-term investments in Ultra Tech Cement.
"PAT (profit after tax) for the corresponding quarter of the previous year at 1,598 crore included an exceptional gain of 1,020 crore from sale of long-term investment in Ultra Tech Cement limited," said the company in a statement.
According to the company, excluding the exceptional gains which came out of the sale of the investments in Ultra Tech Cements in the corresponding quarter of 2009-10, the profit after tax from the normal operations grew by 15 percent during the first quarter of 2010-11.
The engineering goods manufacturer also registered a rise of 63 percent in the placement of orders which stood at 15,626 crore from the corresponding period of the previous year.
"The company won customer orders worth 15,626 crore, registering a growth of 63 percent," the statement added.
The gross customer sales of the diversified company saw a growth of 6.5 percent over the like period of 2009-10 with sales of 7,913 crore.
Source: IANS
666 crore in the first quarter of this fiscal as compared to 578 crore in the like quarter a year ago.
The company's profit for the like period of 2009-10 stood at 1,598 crore, which included 1,020 crore generated through the sale of the company's long-term investments in Ultra Tech Cement.
"PAT (profit after tax) for the corresponding quarter of the previous year at 1,598 crore included an exceptional gain of 1,020 crore from sale of long-term investment in Ultra Tech Cement limited," said the company in a statement.
According to the company, excluding the exceptional gains which came out of the sale of the investments in Ultra Tech Cements in the corresponding quarter of 2009-10, the profit after tax from the normal operations grew by 15 percent during the first quarter of 2010-11.
The engineering goods manufacturer also registered a rise of 63 percent in the placement of orders which stood at 15,626 crore from the corresponding period of the previous year.
"The company won customer orders worth 15,626 crore, registering a growth of 63 percent," the statement added.
The gross customer sales of the diversified company saw a growth of 6.5 percent over the like period of 2009-10 with sales of 7,913 crore.
Source: IANS