Larsen & Toubro reports 19% rise in Q3 consolidated net profit

30 Jan 2016

Larsen & Toubro has reported results for third quarter ended December 31, 2015.

The company has reported 16.69% fall in its net profit at Rs 882.93 crore for the quarter ended December 31, 2015 as compared to Rs 1059.80 crore for the same quarter in the previous year. The company’s total income has decreased by 1.45% to Rs 15390.96 crore for the quarter under review from Rs 15616.91 crore for the corresponding quarter of the previous year.  

On the consolidated basis, the company has reported 19.42% rise in its net profit after taxes, minority interest and share of Profit of associates at Rs 1034.80 crore for the quarter ended December 31, 2015 as compared to Rs 866.54 crore for the same quarter in the previous year. Total income of the company has increased by 9.12% at Rs 26280.94 crore for quarter under review as compared to Rs 24084.59 crore for the quarter ended December 31, 2014.      

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