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LT (L&T) Larsen Toubro net profit drops 50 percent

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Larsen and Toubro (L&T) the biggest player of Engineering and infrastructure Thursday announced its annual reports. According to Larsen and Toubro (L&T) Reports a 50 percent drop in net profit at Rs.758.8 crore for the quarter ended Dec 31, compared to Rs.1,520.4 crore it earned in the like quarter last fiscal.

Revenues in key segments of engineering and construction dropped to Rs.6,997.97 crore from Rs.7,669.75 crore in the like quarter of 2008-09.

Following the announcement, the L&T scrip fell 3.94 percent at the Bombay Stock Exchange at Rs.1,570.80 around 1.15 p.m.Via Advertisements

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