Larsen & Toubro Ltd. (L&T), India's biggest engineering company, has reported a three-fold jump in its net profit at Rs 1,598.20 crore for the first quarter ended June 30, 2009, against Rs 502.44 crore in the same period ended June 2008.

However, the quarter includes exceptional gains of Rs 1,019.88 crore on sale of the company's long term investment in Ultra Tech Cement.

Further, the total income rose to Rs 7,408.29 crore during the current quarter, against Rs 6,941.87 crore in the same quarter previous year.

In a separate release, L&T has informed that its order book has shrunk by 22% in the first quarter of the current fiscal at Rs 9,571 crore as compared to Rs 1,22,34 crore in the corresponding quarter previous fiscal.