Larsen & Toubro net profit rise up to 5 per cent

Larsen & Toubro net profit rise up to 5 per cent after the capital goods major posted a 33 per cent rise in quarterly net profit, beating forecasts, helped by strong demand from the engineering and construction sector. Larsen & Toubro has been riding a construction boom as the country revamps crumbling infrastructure such as airports, roads, ports and power plants. L&T, which has operations ranging from manufacturing to software services, reported a net profit of Rs 502 crore in the fiscal first quarter ended June, compared with Rs 377 crore reported a year ago.