Larsen & Toubro recorded 32 percent more net profit in the second quarter ending on September 30 as compared to the profit of previous year. Its profit stood at Rs 348 crore in the same period of last year. 

The overall sale is also increased by 40 per cent at Rs 7,786 crore. The company secured more orders worth Rs 12,453 crore. The machinery & industrial products segment registered a16 percent growth with revenues of Rs 685 crore.

The company said in a statement that it is fully aware of the global financial situation. It is studying the affect of global scenario on the growth plan of company. 

The global financial crisis causes decline in the demand of products of company in the domestic and international market. High interest rates, high input cost and liquidity crunch would also affect the business in the coming times.