L&T net profit rises 84% to ₹1,434 crore
Engineering major Larsen & Toubro (L&T) on Tuesday reported a net profit of ₹1,434.63 crore for the quarter ended September, up by 84% from the corresponding period a year ago. The rise was due to one-time gain from sale proceeds of the company’s general insurance business. L&T got new orders worth ₹31,119 crore at the group level during the quarter.