L&T records 18% growth

Construction major Larsen & Toubro (L&T) reported Gross Sales of Rs 9342 crore, registering 18% y-o-y growth for the quarter ended September 30, 2010.

Company has registered a growth of 11% in Order Inflow during the quarter ended September 30, 2010 over the same period of the previous year.

In the 2nd Quarter, Sales grew 18% and Profit after Tax 32%.

The Order Book as at September 30, 2010 was Rs 115393 crore.

Profit after Tax (PAT) for the quarter stood at Rs 765 crore, recording an increase of 32% over the corresponding quarter of the previous year.

The company?s Operating Margin for the quarter improved to 10.8%.

The Engineering & Construction Segment achieved Customer Sales of Rs 7861 crore, recording a growth of 18% over the corresponding quarter of the previous year.

The Segment Order Inflow for the quarter ended September 30, 2010 stood at Rs 18880 crore.

Segment Margin for the quarter was recorded at an improved 12.6%, supported by higher proportion of margin yielding sales.

In Electrical & Electronics Segment, customer Sales for the quarter stood at Rs 641 crore. With this, the Segment recorded Sales of Rs 1364 crore for six months ended September 30, 2010, registering an increase of 10 % over the same period of the previous year.

The Machinery & Industrial Products Segment registered a growth of 37% in Customer Sales to Rs 681 crore for the quarter ended September 30, 2010. The Segment recorded a margin of 18.4% for the quarter, even on the larger volume of sales.