Larsen & Toubro reports 12% rise in Q1 net profit

Larsen & Toubro (L&T) has reported unaudited results for the first quarter ended June 30, 2011.

The company’s net profit for the quarter ended June 30, 2011 rose by 12% at Rs 746.15 crore as compared to Rs 666.17 crore for the corresponding quarter last year. Its net sales grew by 21.52% at Rs 9778.79 crore for the quarter under review from Rs 8046.82 crore for the same quarter last year.

Larsen & Toubro (L&T) is a technology, engineering, construction and manufacturing company. It is one of the largest and most respected companies in India's private sector.