MUMBAI Jan 24 Larsen & Toubro (L&T),
India's top construction and engineering company, reported a 13
percent increase in net profit for the Oct-Dec quarter helped by
strong order wins, beating forecast.
L&T reported a net profit of 11.22 billion rupees for the
third quarter compared with 9.92 billion rupees a year earlier.
Sales rose 10 percent to 154.29 billion rupees.
Analysts expected the company to report a net profit of
10.79 billion rupees on sales of 160.96 billion rupees,
according to Thomson Reuters I/B/E/S.
At 0816 GMT, shares in L&T, valued by the market at about
$17.8 billion, were up 1.6 percent at 1,586 rupees in a negative
(Reporting by Aditi Shah; Editing by Subhranshu Sahu)