NEW DELHI, Feb 1: Shares of Larsen and Toubro (L&T) today surged nearly 4 per cent after the company reported a 48.41 per cent jump in consolidated net profit for the third quarter ended December 31, 2017.
The stock gained 3.74 per cent to touch its one-year high of Rs 1,469.60 on BSE.
Similarly, shares of the company went up by 3.77 per cent to Rs 1,470 on NSE.
The infrastructure giant yesterday reported 48.41 per cent jump in consolidated net profit at Rs 1,618 crore for the third quarter ended December 31, 2017.
It had posted a net profit of Rs 1,090 crore in October- December quarter in the year-ago period, L&T said in a filing to the BSE.
L&T’s total income was up 9.03 per cent during the quarter under review at Rs 28,960.36 crore, against Rs 26,561.25 crore in the corresponding quarter. (PTI)
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