L&T Q4 net profit at Rs 700.8cr

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L&T Q4 net profit at Rs 700.8cr

Larsen and Toubro, L&T has come out with fourth quarter and FY07 numbers. It reported net profit of Rs 700.8 crore in Q4 of FY07 as against Rs 466.8 crore in Q4 of FY06.

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Larsen and Toubro , L&T has come out with fourth quarter and FY07 numbers. It reported net profit of Rs 700.8 crore (Rs 7 billion) in Q4 of FY07 as against Rs 458.8 crore (Rs 4.58 billion) in Q4 of FY06 and net sales of Rs 6,248.24 crore (Rs 62.48 billion) versus Rs 4,616.9 crore (Rs 46.16 billion).

For FY07, the net profit stood at Rs 1,403 crore (Rs 14.03 billion) versus Rs 942.4 crore (Rs 9.42 billion) in FY06 and net sales at Rs 17,578.8 crore (Rs 175.78 billion) as against Rs 14,734.8 crore (Rs 147.34 billion).

Operating profit margin was at 12.96% in Q4FY07 versus 11.83% in Q4 FY06.

For FY07, the company posted growth of 70.06% in consolidated net profit to Rs 2240.14 crore (Rs 22.40 billion) from Rs 1317.21 crore (Rs 13.17 billion) and 23.93% growth in revenues to Rs 20347.85 crore (Rs 203.47 billion) from Rs 16418.31 crore (Rs 164.18 billion). 

According to CNBC-TV18 estimates, the company was expected to post net profit of Rs 513.4 crore in Q4FY07, up 10% against Rs 466.9 crore in Q4FY07. Its net revenue was expected to go up by 35% at Rs 6249 crore versus Rs 4627.9 crore on YoY basis.