L&T Q3 net up 18% at Rs 991 cr

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Larsen and Toubro (L&T), an engineering & construction company, has reported a net profit of Rs 991 crore in the third quarter of FY12, a growth of 18% as compared to Rs 840 crore in a year ago quarter.

Other income jumped 78.9% to Rs 449 crore from Rs 251 crore during the same period.

Net sales shot up 22.66% to Rs 13,999 crore from Rs 11,413 crore year-on-year.

Numbers were quite better than expectations; CNBC-TV18 poll had expected net profit of Rs 895 crore and net sales of Rs 13,233 crore.

Now L&T needs to report revenues of Rs 18,880 crore in the fourth quarter to meet full year guidance.

The company guided for 20-25% revenue growth in FY12. It has reported revenues of Rs 34,726 crore in April-December period.

Order inflow during the October-December quarter of FY12 stood at Rs 17,129 crore as against Rs 13,366 crore in the corresponding quarter of last fiscal.

Company's 9-month order inflow stood at Rs 49,415 crore, but it needs order inflow of Rs 34,593 crore to meet the given guidance.

Watch the accompanying videos for L&T's press conference...