Larsen & Toubro (L&T), an engineering and construction conglomerate, announced a steady growth in consolidated net profit for the quarter ended September 2015. During the quarter, the profit of the company rose 15.57% to Rs 9,959.00 million from Rs 8,617.50 million in the same quarter last year.
Revenues for the quarter rose 10.47% to Rs 236,123.20 million, compared with Rs 213,739 million for the prior year period.
Operating margin for the quarter stood at 10.98 percent as compared to 10.92 percent for the previous year period. Operating Income for the quarter was Rs 25,916.60 million, compared with Rs 23342.7 million in the previous year period.
Consolidated order book of the group stood at Rs 244.09 billion as at Sept. 30, 2015, higher by 14% on a y-o-y basis with International order book constituting 28% of the order book.
Earnings per share for the quarter stood at Rs 11.00, registering 22.22% growth over previous year period.
| Quarterly Results - Consolidated (Rs in mn) |
| As at | Sep - 15 | Sep - 14 | %Change |
| Revenues | 236,123.20 | 213,738.90 | 10.47 |
| Net Profit | 9,959.00 | 8,617.50 | 15.57 |
| Diluted EPS | 11.00 | 9.00 | 22.22 |
Shares of the company declined Rs 30.5, or 2.07%, to trade at Rs 1,441.10. The total volume of shares traded was 613,000 at the BSE (2.41 p.m., Friday).
