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Mumbai, May 25 (UNI) Engineering and construction major Larsen&Toubro (L&T) has posted a net profit of Rs 466.85 crore for the quarter ended March 31, 2006 as compared to Rs 333.68 crore for the corresponding quarter previous year, an increase of 39.90 per cent.

Announcing the results, the company said its total income (net of excise) has increased from Rs 4364.95 crore in Q4 FY 04-05 to Rs 4744.97 crore for Q4 FY 05-06.

It has posted a net profit of Rs 1012.14 crore for the year ended March 31, 2006 (FY 05-06) as compared to Rs 983.85 crore for the year ended March 31, 2005 (FY 04-05). Total Income (net of excise) has increased from Rs 13748.26 crore in FY 04-05 to Rs 15198.63 crore for FY 05-06.

The Directors have recommended a Dividend of Rs 22.00 per equity share (previous year, Rs 17.50 per equity share and a special interim dividend of Rs 10.00 per equity share) of Rs 2.00 each.

UNI SN MJ VKG1615