Larsen & Toubro (L&T) has posted a 224 per cent jump in its net profit for the quarter ended September 30 at Rs 40.46 crore against Rs 12.49 crore in the corresponding period last year.
The L&T board which met today, however, failed to arrive at a decision on the issue of demerging its cement business.
In a press release, L&T has indicated that the higher profits were mainly on account of cost reduction, expenditure control and inventory management. The company