L&T Q3 Results Today – Expects Profit Growth up to 33%

Larsen & Toubro Ltd (L&T) is all set to report 23-33 per cent year-on-year (YoY) rise in profit for the December quarter on up to 21 per cent YoY rise in sales. Margin is seen expanding 45-70 basis points on yearly basis. Order book is expected to stay strong. 

The engineering company is likely to report a net profit of Rs 3,245.8 crore against a revenue of Rs 53,571.4 crore for the third quarter. The company had posted a bottom line and top line print of Rs 2,426.9 crore and Rs 46,389.7 crore, respectively, for the same quarter last year.