L&T beats expectations with 40% rise in net profit (Live mint.com 29th Jan 2008)India’s largest engineering and construction firm by market value, Larsen and Toubro Ltd (L&T), on Monday reported a better-than-expected third quarter net profit that rose 40%, and raised its revenue forecast for the year as it secured more domestic and international orders. L&T posted a profit after tax of Rs481.79 crore for the October-December period, up from Rs343.90 crore in the year-ago quarter. Its net sales grew 55% to Rs6,382.68 crore from Rs4,115.69 crore last year. “We expect revenue to grow 35-40% for the full year,” L&T chief financial officer Y.M. Deosthalee said from Dubai, where the firm’s board met to finalize quarterly results. “Earlier, we were saying that our revenue would grow 30-35%,” he added. More L&T aims 20% revenue from power biz in 2 yrs (Business Standard 29th Jan 2008) India’s largest engineering and construction company Larsen & Toubro (L&T) aims...
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