L&T second quarter net profit jumped 26% to Rs 580 crore versus Rs 460.3 crore in same period of last year.
Net sales went up 2.4% to Rs 7,866 crore as against Rs 7,682 crore, on year-on-year basis (YoY). Other income increased 64% to Rs 217.6 crore from Rs 132.8 crore.
Operating profit margin (OPM) improved to 10% as against 8.8%, YoY.These numbers included proceeds of ready mix concrete (RMC) business. Interest expenses stood at Rs 131 crore versus Rs 81.3 crore.
Numbers were not comparable due to sale of RMC business for Rs 275.2 crore in October 2008.
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