Larsen & Toubro reports 40% growth

Construction major Larsen & Toubro has reported Gross Sales of Rs 11418 crore, for the quarter ended December 31, 2010, registering a growth of 40% y-o-y.

Execution of various jobs on hand, is on schedule, said the company on Monday.

Order inflow of Rs 13366 crore during the quarter ended December 31, 2010 takes the company?s Order Book to Rs 114882 crore as at December 31, 2010.

Profit after Tax (PAT) for the quarter ended December 31, 2010 excluding exceptional and extraordinary items, stood at Rs 811 crore, recording an increase of 16% over the corresponding quarter of the previous year.

Engineering & Construction segment achieved Customer Sales of Rs 9831 crore for the quarter ended December 31, 2010, registering a growth of 45% over the correspondingquarter of the previous year.

The Order Inflow of Rs 11762 crore reported by the segment during the quarter ended December 31, 2010 was lower than the corresponding quarter of the previous year in which a large Power project order was bagged by the segment.

Order Book of the segment stood at Rs 112498 crore mainly contributed by Construction and Power Project orders.

The Operating Margin of the segment stood improved at 12.5% for the nine month period ended December 31, 2010 vis-?-vis 12.2% registered during the corresponding period of the previous year.

Electrical & Electronics segment recorded an increase of 11% in its Customer Sales at Rs 759 crore for the quarter ended December 31, 2010.

The segment recorded Operating Margin of 13.1% for the quarter ended December 31, 2010, despite a steep increase in some of the input costs.

Aided by higher demand from industrial sector, the Machinery & Industrial Products segment registered a growth of 15% in Customer Sales at Rs 660 crore for the quarter ended December 31, 2010.The segment recorded Operating Margin at 20.9% for the quarter, mainly contributed by the Construction and Mining Businesses.