Larsen & Toubro (L&T), an engineering and construction conglomerate, on Monday reported a rise of 8.77% in third quarter profit.
 
The company reported a consolidated profit of Rs 8.66 billion for the quarter ended Dec. 31, 2014 as compared to net profit Rs 7.96 billion in the same period last year.
 
Total Income has increased by 9.73% to Rs 238.47 billion for the quarter ended Dec. 31, 2014 from Rs 217.32 billion for the corresponding quarter a year ago.

Consolidated order book of the group stood at Rs 225.79 billion as at Dec. 31, 2014, higher by 17% on a y-o-y basis. International Order Book constituted 25% of the total Order Book.

On a cumulative basis, the order inflow for the nine-months period ended Dec. 31, 2014 stood at Rs 107.79 billion, recording a healthy y-o-y growth of 16%.

Shares of the company declined Rs 128.05, or 7.6%, to trade at Rs 1,556.30. The total volume of shares traded was 504,426 at the BSE (3.29 p.m., Monday).