Mumbai: Larsen & Toubro Ltd, India's largest engineering and construction firm, on Thursday reported its July-September profit rose 26 percent, meeting street estimates.
Net profit rose to 5.80 billion rupees (USD 124 million) in its fiscal second quarter ended June from 4.60 billion rupees a year ago.
Net sales rose to 78.66 billion rupees from 76.82 billion.
A Reuters poll of 10 brokerages had forecast net profit of 5.81 billion rupees, on net sales of 88.7 billion.
Shares in the company, valued at USD 21.7 billion, have doubled so far in 2009, outperforming the benchmark index that has risen nearly 76 percent in the same period.
Bureau Report
First Published: Thursday, October 22, 2009, 12:49