28 May 2009, REUTERS
MUMBAI: Larsen & Toubro Ltd, on Thursday reported its March quarter net profit rose a better-than-expected 3.3 per cent on a strong order flow of infrastructure contracts.
Net profit rose to Rs 999 crore ($209 million) in its fiscal fourth quarter ended March from Rs 967 crore a year ago, but was weighed down by a provision of Rs 185 crore for its investment in Satyam Computer Services.
Net sales rose to Rs 10,470 crore from Rs 8,470 crore.
A poll of 13 brokerages had forecast net profit of Rs 910 crore, on net sales of Rs 11,059 crore.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment