L&T Q1 consolidated earnings more than doubles
Source: IRIS | 28 Jul, 2014, 06.10PM
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 Larsen & Toubro (L&T), an engineering and construction conglomerate, on Monday reported a phenomenal jump of over 2 times in first quarter profit.
The company reported a consolidated profit of Rs 9.7 billion for the quarter ended Jun. 30, 2014 as compared to net profit Rs 4.6 billion in the same period last year.
 Total Income has increased by 10% to Rs 192.52 billion for the quarter ended June 30, 2014 from Rs. 175.05 billion for the corresponding quarter a year ago.
Shares of the company declined Rs 11.6, or 0.7%, to settle at Rs 1,644.75. The total volume of shares traded was 185,524 at the BSE (Monday).
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