Business Monday, July 28, 2008

L and amp;T nets $125.6 mn profit in first quarter

From correspondents in Maharashtra, India, 11:56 PM IST

Construction major Larsen and Toubro Ltd (L and amp;T) has announced a profit after tax of $125.61 million (Rs.5.02 billion) during the first quarter this fiscal, compared to $94.21 million (Rs.3.76 billion) for the corresponding period the previous year.

For the latest quarter ending June 30, L and amp;T's total income increased to $1.77 billion (Rs.71.03 billion), as against $1.17 billion (Rs.47.15 billion) in the corresponding quarter last year.

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