L&T other income rose 6.56% to Rs256.83 crore in the December quarter from Rs241.03 crore for the same quarter last year. Net profit in the December quarter rose 38.86% to Rs972.47 crore from Rs 700.34 crore. Twenty analysts polled by Bloomberg had expected L&T to report profit of Rs1, 083.50 crore while 21 analysts had expected net sales of Rs27,616.20 crore. Other income rose 6.56% to Rs256.83 crore in the December quarter from Rs241.03 crore for the same quarter last year. Consumption of raw materials dropped 9.05% to Rs3,843.30 crore for the quarter from Rs4,225.64 crore for the same quarter last year.

Source: Mint January 28, 2017 09:35 UTC