To meet 25% growth guidance in orders: L&T

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Larsen & Toubro's Q1 FY10 standalone net profit rose 218% to Rs 1,598.2 crore as compared to Rs 502.4 crore year-on-year. The company showed exceptional gains of Rs 1,020 crore on the back of UltraTech stake sale. Profit before exceptional items stood at Rs 851 crore versus Rs 755 crore YoY. The company's standalone net sales increased 6.7% to Rs 7,362.7 crore as against Rs 6,901.4 crore YoY.

The company's management said order inflow is likely to pick up in the latter part of FY10. L&T sees no concern on procurement and execution of orders. "We expect to meet guidance of 25% growth in orders," it added.

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