L038;T Q4 profit rises 13.89 on better E038;C performance

The growth in profits was despite slower order inflows and deferred project bids,which saw the company missing its order inflow guidance by 13 per cent. There has been a deviation in projects,due to postponement rather than cancellation, said chief financial officer R Shankar Raman. For the current fiscal,the company expects operating profit margins of 11.8 per cent.

Shares of the company were up 1.84 per cent to close at Rs 1,159.80 on the BSE on Monday.

We are looking to garner 25 per cent of our overall revenues from overseas over the next five years,and the remaining would come out of India, Lamp;T chairman AM Naik said.

For the full year 2011-12,the company reported a growth of in its consolidated net profit to Rs 4,682.29 crore as compared to Rs 4,447.66 crore in FY11.