Engineering corporation Larsen & Toubro beat forecasts with a 44 percent jump in periodical earnings and said that the large backlog will increase growth in the average term, sending shares in a feeble market.
Net profit rose to 14.38 billion rupees in its fiscal fourth quarter ending in March from 9.99 billion rupees a year ago.
Turnover rose to 133.75 billion rupees from 104.7 billion.
A Reuters Poll of 11 brokerages had predictable net profit of 11.9 billion rupees on net sales of 129, 900, 000 000.
Shares in the company, valued at 20.4 billion, has slipped nearly 11 percent so far in 2010, gave 4.7 per cent fall in the standard index during the same era.
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